AmaTech AG
Ad hoc-Service: AmaTech AG english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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AmaTech: New authorized corporate finance officer – annual financial statements
2000
Gernot Lempert appointed new authorized corporate finance officer – sharp
markdown in the EBIT to Euro – 5.8 mio due to provisions for risks – annual
deficit of Euro 8.8 mio – increase in sales by 88 per cent to Euro 20.5 mio –
restructuring has started
D-Pfronten, 30/04/01 – With effect from 03/05/01, Gernot Lempert has been
appointed authorized corporate finance officer of AmaTech AG Security Code
Number 519 280. The previous board member finance, Stephan Hautkappe, has
resigned from his office with immediate effect.Compared with the previous year,
AmaTech AG completed the fiscal year 2000 with a strong 88 per cent sales growth
to Euro 20.5 mio (1999: Euro 10.9 mio). Due to final provisions for risks and
for pending transactions valued at Euro 1.8 mio, the earnings before interest
and tax (EBIT) amounted to Euro -5.8 mio compared with Euro -2.9 mio last year
and thus are below the provisional Euro -4.0 mio previously announced. The
annual deficit for the year under review is reported to be Euro -8.8 mio (1999:
Euro -3.2 mio). The result per share is -0.83, while it was -0.40 in the same
period last year. Liquid assets amounted to Euro 23.8 mio as from the balance
sheet date. The deterioration of the result is basically due to the higher costs
for the expansion of the research and development capacities as well as higher
expenses for a massive market penetration for the opening up of new sales
potentials in the market for contactless smart cards in order to position the
company well for the future in this market. Over and above that, the result was
burdened by the additional costs incurred in connection with the acquisitions
made in 2000. Chairman of the Board David Finn has initiated a comprehensive
restructuring programme which will ease AmaTech’s burden on the expense side and
shall increase the efficiency in production. David Finn as well as the new
authorized corporate finance officer will announce this futureoriented strategy
and the specific catalogue of measures at the press conference/presentation of
the financial statements in Munich on 8 May 2001.
Further information, AmaTech AG, Dr. Claudia Henne Phone. +49-8363-91050
end of ad hoc announcement, (c) DGAP 30.04.2001
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WKN: 519280; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
302127 Apr 01
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