SUMIDA AG
Vogt Electronic AG english
VOGT electronic: Q1 sales and performance pointing up
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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VOGT electronic: Q1 sales and performance pointing up
In the first quarter of the ongoing 2002/2003 business year VOGT electronic AG
has boosted sales by 11.1% to EUR 133.4 million (previous year: EUR 120.1
million) as well as hiking EBT by 44.8% to EUR -7.9 million (previous year: EUR
-14.3 million). This reflects a trend reversal documenting the positive effects
the restructuring and recapitalization measures taken by VOGT electronic AG are
now generating. In the individual operating areas VOGT electronic posted the
following first quarter sales: telecommunications EUR 70.7 million (previous
year: EUR 71.3 million), automotive electronics EUR 28.6 million (previous year:
EUR 26.0 million), industrial electronics EUR 8.9 million (previous year: EUR
9.1 million), miscellaneous consumer goods EUR 8.9 million (previous year: EUR
7.1 million), consumer electronics EUR 13.4 million (previous year: EUR 5.1
million) and information technology EUR 2.9 million (previous year: EUR 1.5
million). The company generated EBITDA of EUR 5.6 million (previous year: EUR –
1.2 million), with EBIT coming in at EUR – 4.3 million (previous year: EUR –
11.7 million). By comparison with the first quarter of last business year this
marks a decided reversal of negative trends. Investments totaled EUR 1.8 million
(previous year: EUR 8.0 million), and depreciations totaling EUR 9.9 million
(previous year: EUR 10.5 million). Orders at hand are recorded at EUR 353.1
million (previous year: EUR 369.4 million). With regard to the further course of
the ongoing 2002/2003 business year VOGT electronic does not anticipate any
appreciable market upswing. The company continues to advance the restructuring
measures at a brisk pace, and this also applies to relocation to other VOGT
electronic manufacturing sites in Germany and abroad. The resulting savings
potentials will be increasingly felt in the upcoming quarters. VOGT electronic
continues to be affected by the tough competitive environment and stagnating
demand. The developments in the first quarter, however, document that VOGT
electronic is on the best way to mastering the present challenges.
The detailed report on the first quarter of the 2002/2003 business year (PDF) is
available from our home page at http://www.vogt-electronic.com, Investor
Relations, Downloads, Quartalsberichte zum Download. Contact: VOGT electronic
AG, Hr. Hein, Tel.: 08591/ 937 180, Mail: ir@vogt-electronic.com
end of ad-hoc-announcement (c)DGAP 19.02.2003
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WKN: 765933; ISIN: DE0007659336; Index:
Listed: Amtlicher Markt in Frankfurt (General Standard) und München; Freiverkehr
in Bremen, Düsseldorf, Hamburg und Stuttgart
190829 Feb 03
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