VA Technologie AG
VA Technologie AG english
Business development in the first nine months of 2001
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Business development in the first nine months of 2001: Further steps towards
transformation into a Focused Technology and Service Group
As compared with the comparable period of the preceding year, order intake of
the listed VA Technologie AG (VA TECH) in the first nine months of 2001 was
raised by 16% to EUR 3,212 m. Order backlog as at September 30, 2001, was 14% up
at EUR 4,420 m. Group sales in the first nine months of the year amounted to
EUR 2,743 m, which was marginally down on the same figure for last year (EUR
2,766 m).
The result before interest, taxes and goodwill amortisation (EBITA) in the first
nine months amounted to EUR 88 m (first nine months of 2000: EUR 97 m). At EUR
64 m the operating result (EBIT) was down by 18% on the figure for the previous
year. The result before taxes was 26% up at EUR 58 m (first nine months of
2000: EUR 46 m), the net profit for the period increased by 59% to EUR 59 m
(EUR 37 m).
Outlook
Despite the prolongation of difficult market conditions order intake growth was
attained in the Group’s power and infrastructure areas. Moreover, although
Metallurgy Division order intake was down, we are confident of achieving an
increase in overall Group order intake for 2001. Operating result development
in the power and infrastructure areas is satisfactory. However, in view of the
continuing problems in the market, provisions are being made for further,
profound restructuring in the Metallurgy Division. This will affect the result
for the year.
These measures to increase Group competitiveness are counterbalanced by the
revenues derived from the focusing of VA TECH agreed during last year, i.e. the
divestments of VA TECH VOEST MCE (80%) and VA TECH TMS (transport and assembly
systems). Following the largely completed focusing of the Group on key business
areas, the main targets are a sustained increase in the operative earnings power
of all divisions including the integration of acquisitions.
The full text of this release is available on the internet under www.vatech.at.
end of ad-hoc-announcement (c)DGAP 22.11.2001
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WKN: 093745; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München, Stuttgart
220825 Nov 01
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