Analytik Jena AG
Analytik Jena increases Group sales with strong project business
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Analytik Jena increases Group sales with strong project business
o Profitability significantly improved
o Liquidity increased and equity base strengthened
o With growing instrument business same profit level targeted, despite lower
project business sales
As 2003/2004 financial year which was concluded on 30 September, total sales
for the Analytik Jena Group rose by 5.6% to EUR 89.177 million (PY: EUR 84.467
million). This year, operating income more than doubled to EUR 2.524 million
(PY: EUR 0.983 million).
For project business, the Group posted a sales increase of 8.4% to EUR 62.023
million (PY: EUR 57.208 million). At EUR 27.154 million, sales for the
instrument business roughly matched those for the previous year (EUR 27.259
million).
Gross profit rose 7.6% to EUR 24.130 million (PY: EUR 22.427million). Even
though the gross margin for project business declined slightly from 15.1% in
the previous year to 14.7% in the current year, the margin on instrument
business improved from 50.6% to 55.4% as a result of measures taken to reduce
manufacturing costs.
In the case of operating expenses, selling expenses increased by 4.4% to EUR
12.412 million (PY: EUR 11.893 million) – a lower rate than for the increase
in sales. Administrative expenses declined by 13.6%, amounting to EUR 3.205
million (PY: EUR 3.708 million) in the past financial year. Research and
development costs reached a relatively stable level as against the previous
year at EUR 4.377 million (PY: EUR 4.251 million).
With respect to earnings performance, Analytik Jena was able to build on the
positive trend following the turnaround of the previous year. EBIT rose to EUR
2.524 million (PY: EUR 0.983 million). This corresponds to an increase in
operative earnings of 156.8 %. The Group’s net income for the year amounted to
EUR 0.955 million (PY: EUR 0.376 million), resulting in earnings per share of
EUR 0.25 (PY: EUR 0.10).
Cash and cash equivalents in the Group improved by EUR 3.417 million during
the financial year due to in-flows from operating business. They totalled EUR
10.216 million as of the balance sheet date (PY: EUR 6.799 million).
The decrease in total assets from EUR 52.470 million in the previous year to
EUR 41.527 million was a consequence of a reduction in project business
assets, due to the settlement of accounts for large orders. This resulted in
an improved equity ratio of currently 52.9% (previous year 40.0%).
For the current financial year, the Company is forecasting total sales of
around EUR 70 million. Although the Executive Board is planning growth of 8% –
12% in the instrument business, sales in project business will amount to
approx. EUR40 million. The decrease in sales in comparison with the previous
year arises from the settlement periods for the individual projects, as well
as from a backlog of orders to be handled with the existing capacity. The
sales and project implementation resulting from the receipt of these orders is
large in terms of figures and will only be realised next year.
The target for operating earnings for the Group as a whole is between EUR 2.0
million and EUR 2.5 million. The Executive Board is assuming that the increase
in sales triggered by the launch of new products will lead in turn, to a
notable rise in business volume from the second half of the year. For the
first quarter of 2004/2005, sales of approx. EUR 15 million with operating
earnings of around EUR 0.5 million are forecast.
For further Information
Thomas Fritsche, Analytik Jena AG, Investor Relations, Konrad Zuse Str. 1,
D-07745 Jena, Tel.: +49 (0)3641 / 77 – 92 81, Fax: +49 (0)3641 / 77 – 99 88,
t.fritsche@analytik-jena.de, http://www.analytik-jena.de
end of message, (c)DGAP 14.12.2004
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WKN: 521350; ISIN: DE0005213508; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
140725 Dez 04
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