Sauer-Danfoss Inc.
Sauer-Danfoss Inc. english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Neumünster, 1 August 2001. In the second quarter of 2001, Sauer-Danfoss Inc.
earned net revenues of US $ 221.6 million (same period 2000: US $ 225.8
million). The net profit amounts to US $ 4.2 million (previous year: US $ 10.1
million). In the first half of the year, the operational cash flow reached US $
35.3 million. This represents an increase of US $ 4.3 million compared to the
same period last year.
Thanks to the good positioning, Sauer-Danfoss could expand its share of the
market. In the agricultural market, the mechanical-engineering company was able
to maintain its level of revenues. In the turf care segment, revenues fell by
22.2 percent; in the construction vehicle segment by 17.2 percent. In the road
building segment, revenues declined by 11.3 percent; in the specialty vehicle
segment by 10.2 percent.
At the half-year mark, open purchase orders in Europe and America were lower
than last year. Due to the tight situation in the market, revenues in the third
and fourth quarters of 2001 will be lower than in the same periods last year.
However, the steps taken to reduce costs are beginning to take effect and the
company is confident of being able to achieve higher earnings in the long run,
even if the markets grow only slowly.
end of ad hoc announcement (c) DGAP 01.08.2001
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
Sauer-Danfoss Inc. Investor Relations
John N. Langrick
Director of Finance Europe
Sauer-Danfoss Inc.
Tel.: +49 4321-871-190
Fax: +49 4321-871-121
Krokamp 35
D-24539 Neumünster
jlangrick@sauer-danfoss.com
Andrea Wittmann
Manager Communications
Sauer-Danfoss Inc.
Tel.: +49 4321-871-212
Fax: +49 4321-990-316
Krokamp 35
D-24539 Neumünster
awittmann@sauer-danfoss.com
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WKN: 880208; Index: SMAX
Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Düsseldorf,
Hamburg, München, Stuttgart
012335 Aug 01
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