Jetter AG
Ad hoc-Service: Jetter AG JTT 1.QU2000/01engl
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Jetter reaches its targets; quarterly sales increase by 21.7%
over the previous year
Ludwigsburg, 17 August 2000 – Jetter AG, a leading supplier of
industrial automation products, has increased its sales in the
first quarter of the fiscal year 2000/2001 by 21.7% to DM 8.8
Mio. over the respective period of the previous year. Jetter
earned an EBIT of DM -0.6 Mio. for the quarter (previous year
period: DM -0.3 Mio), thus meeting its targets for both sales
revenues and earnings. The result from operations was
significantly influenced by the further increase in
development costs, which amounted to DM 1.8 Mio. for the
quarter, DM 0.9 Mio. thereof for the JetWeb technology. The
result for the quarter was DM -0.5 Mio. (Previous year period:
DM -1.0 Mio). Earnings per share according to DVFA/SG were DM
-0.26, compared to DM -0.31 for the previous year quarter.
These figures are in line with the company’s budget.
Sales and results of Ebelt GmbH, which was acquired
retroactively as at 1 May 2000, are not yet reflected in these
figures.
In pursuit of its internationalisation strategy, Jetter AG has
founded a further distribution subsidiary on 30 June 2000.
Starting with 5 employees, Jetter USA Inc. will tend to the
American market, where Jetter expects sales of DM 2.0 Mio. for
the fiscal year 2000/2001.
Jetter AG – Consolidated Income Statement (IAS) (in KDM)
1. Quarter FY 2000/2001 / 1. Quarter FY 1999/2000
Sales Revenues: 8,758 / 7,195; Total Output: 9,083 / 7,267;
EBIT: (634) / (277); Result of Ordinary Activities: (544) /
(347); Extraordinary Expenses: 0 / 585; Consolidated Loss net
of Minority Interest: (597) / (1,042).
For further information, please contact:
Jetter AG, Andreas Gatter, CFO
Tel.: +49 (7141) 2550-465 Fax.: +49 (7141) 2550-555
e-mail: agatter@jetter.de
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