euro adhoc: Jetter AG
Earnings Forecast
The recession forces Jetter to
adjust the 2009 outlook - adhoc announcement §15 WpHG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
16.12.2008
Ludwigsburg, 16 December 2008. Based on the current order intake and information from customers, Jetter AG (ISIN: DE0006264005) expects the recession to have an impact on sales and result for the next 3-5 quarters.
For the current fiscal year ending on 31 March 2009, a double-digit sales growth is no longer expected; sales should nevertheless be higher than in the previous year. The result will be solidly positive, though lower than the year before.
In the following fiscal year, sales will probably decline. Based on secured contracts with stable new customers, management expects a return to the growth path of previous years in the fiscal year 2010/11, as well as sales above the current year. It has therefore decided not to extend already initiated cost-saving measures to lay-offs or short-time work, so as not to jeopardize long-term positive developments. EBIT for the year 2009/10 is expected to be low, but positive. Earnings expectations for 2010/11 are again significantly higher.
For additional information, please contact: Jetter AG, Günter Eckert, CFO Tel.: +49 7141-2550-514 Fax.: +49 7141-2550-555 Email: geckert@jetter.de
end of announcement euro adhoc
Further inquiry note:
Günter Eckert
Telefon: +49-7141-2550-514
E-Mail: geckert@jetter.de
Branche: Semiconductors & active components
ISIN: DE0006264005
WKN: 626400
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade