euro adhoc: Jetter AG
Annual Reports
Jetter sales for the quarter up, loss down (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Ludwigsburg, 17 June 2002 - Jetter AG (Neuer Markt: JTT) could increase its sales in the fourth quarter to 3.9 Mio. EUR (previous quarter: 3.2 Mio. EUR). The initiated cost cutting measures showed first results, with EBIT for the quarter at -1 Mio. EUR (3rd quarter: -1.5 Mio. EUR) and significantly better than in the preceding quarters. Nonetheless sales for the fiscal year (31 March) declined by 40.8% to 14.1 Mio. EUR. EBIT for the year was -5.8 Mio. EUR (previous year: +0.3 Mio. EUR). The consolidated loss amounted to -6.3 Mio. EUR, or -2.69 EUR/share, after +16 KEUR (+0.01 EUR/share) in the previous year. These results are partly due to the economic framework. Jetters most important markets, Asia and North America, and the most significant customer segment, the suppliers of semiconductor manufacturers, suffered a crisis whose importance and duration exceeded all expectations. The main focus of development during the fiscal year was the completion of the JetWeb suite, which has been introduced to the market beginning in March 2002. Cost cutting measures were therefore limited to areas that could not compromise the development or market introduction of these products. At the same time, Jetter used the economic slump to develop, together with their customers, new generations of JetWeb-based machines. Jetter is therefore perfectly positioned for participation in the expected economic recovery.
Management will present the financial statements in detail during the annual press conference on 27 June 2002 in Ludwigsburg.
For further information, please contact: Jetter AG, Günter Eckert, Head of Administration and Finance Tel.: +49 7141-2550-514 Fax.: +49 7141-2550-555 E-Mail: geckert@jetter.de
end of announcement euro adhoc 16.06.2002
Further inquiry note:
Günter Eckert
Branche: Semiconductors & active components
ISIN: DE0006264005
WKN: 626400
Index: CDAX Gesamtindex, CDAX Technology, Nemax All Share, Nemax Technology
Börsen: Deutsche Börse AG Frankfurt / Neuer Markt
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