Winter AG
Winter AG english
Ad Hoc Release according to section 15 of the Securities Trading Act
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Despite revised sales expectations, Winter AG adheres to earnings’ forecast;
Good progress made in restructuring
Olching near Munich, 1 July 2003
Frankfurt Prime Standard listed chipcard manufacturer Winter AG today revised
its figure for budgeted sales. The Company now expects sales of Euro 37 million
for the 2003 financial year. Winter AG had originally planned Euro 44.2
million. The decrease is attributable to an extremely strained market
environment, particularly in the Card Services division. Nevertheless, Winter
AG is adhering to its earnings’ forecast of minus 2 million Euro for the year.
The main reason for adherence to forecast earnings is the good progress being
made with restructuring initiated by management at the end of 2002. Reductions
in personnel costs have turned out to exceed expectations, in particular.
Moreover, production has meanwhile clearly proved to be more cost-effective.
Winter AG
WKN: 555 560
Contact:
Winter AG
Susan Hoffmeister-Byrne
Marketing & Investor Relations
Hermann-Boecker Str. 19-25
82140 Neu-Esting/Munich
Tel.: 08142 303 285
Fax: 08142 303 173
Email: susan.hoffmeister@winter-ag.com
http://www.winter-ag.com
end of ad-hoc-announcement (c)DGAP 01.07.2003
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WKN: 555560; ISIN: DE0005555601; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
010759 Jul 03
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