SZ Testsysteme AG
SZ Testsysteme AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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SZ Testsysteme AG, located in Amerang near Wasserburg, is still making profits
in a difficult market environment: the company achieved a significant increase
in earnings in the first 9 months of the current year (balance sheet date:
September 30) compared with the same period in the previous year: after
adjusting for costs in connection with the capital increase (DM 3.4m)equivalent
to Euro 1.7m), the company achieved a result from ordinary activities amounting
to DM 9.9m (Euro 5.1m), i.e. an increase of 60 percent compared with the
comparable period in the previous year (DM 6.1m, equivalent to Euro 3.1m).
Results from ordinary activities amounted to approximately TDM 700 in the 3rd
quarter (Euro 358,000), less than the previous year’s figure of DM 3.2m (Euro
1.6m). This downturn was mainly attributable to previously increased capacities
which were not required as planned on account of investment postponements by
customers and which did not generate sales therefore.
EBIT from October 2000 to June 2001 rose to DM 9.8m (Euro 5m) compared with the
previous year’s figure of DM 6.2m (Euro 3.2m) (again after adjusting for
expenses in connection with the capital increase). This was equivalent to 10.7
percent of sales. As the EBDIT, the company earned DM 15.4m (Euro 7.9m) in the
first 9 months – likewise a significant advance in comparison with the previous
year (DM 9.6m or Euro 4.9m).
The EBIT in the 3rd quarter amounted to approximately DM 632,000 or Euro 323,000
(compared with DM 3.3m or Euro 1.7m in the previous year); the EBDIT amounted
to DM 2.8m (Euro 1.4m) (compared with DM 4.5m or Euro 2.3m in the previous
year).
In the first 9 months of the current financial year, SZ Testsysteme AG achieved
an earnings level per share of approximately DM 1.105 (Euro 0.56) after
adjusting for the capital increase – with this being equivalent to an increase
of 135 percent in comparison with the previous year (DM 0.47 or Euro 0.24). The
results in the 3rd quarter amounted to DM 0.04 per share (Euro 0.02).
Despite the present difficult market environment, SZ Testsysteme will again
achieve a substantial operational growth in the current year. A sales increase
to almost DM 115m (Euro 58.8m) is anticipated in the current financial year,
corresponding to an increase of more than 50 percent in comparison with the
previous year (DM 75.5m or Euro 38.6m).
end of ad hoc announcement (c) DGAP 06.08.2001
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
The main key figures for the 9-month period are as follows:
October to June 00/01 October to June 99/00 Change
Sales DM 92.3 million DM 51.8 million + 78 %
Earnings from ordinary activities
DM 9.9 million DM 6.1 million + 60 %
EBIT DM 9.8 million DM 6.2 million + 58 %
EBDIT DM 15.4 million DM 9.6 million + 61 %
EPS DM 1.105 DM 0.47 + 135 %
In comparison with the preceding quarter, the company succeeded in reducing its
trade receivables by selective measures from DM 37.2 million (Euro 19.0 million)
to DM 29.9 million (Euro 15.3 million), whereas inventories at DM 42.7 million
(Euro 21.8 million) were maintained at approximately the same level as in the
preceding quarter (DM 39.9 million or Euro 20.4 million).
SZ Testsysteme AG is anticipating a noticeable upturn in the semiconductor
market in the next year. The present phase is being actively used by the company
to optimise processing procedures and the development of applications for new
threshold technologies in order to be optimally prepared for the requirements of
the forthcoming upturn.
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WKN: 506730; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
062030 Aug 01
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