Advanced Photonics Technologies AG
Advanced Photonics AG english
AdPhos AG completes by its acquisition of Eltosch a strategic realignment
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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AdPhos AG completes by its acquisition of Eltosch a comprehensive strategic
realignment
Predicted results for 2001/2002 for the Group after consolidation
Bruckmühl, 6th November 2001. In the build-up to the Extraordinary General
Meeting of AdPhos AG on the 8th November 2001, which is to decide on the
acquisition of Eltosch Torsten Schmidt GmbH, the Board of Management and the
Supervisory Board have accomplished the strategic realignment of the specialists
in drying equipment, and set course for the integration of Eltosch. After the
acquisition has been completed, the core competences of the two companies will
be combined to establish the new AdPhos Group as a profitable systems provider –
an improvement that will already be consolidated in financial year 2002.
Revenue from sales by the AdPhos Group for the whole of 2001, including Eltosch
from 01.09.2001, is expected to come to 10.6 million Euros. The EBIT of the
group will amount to – 7.0 million Euros. Looking forward to the 2002 financial
year, the AdPhos Group is working on the basis of a conservative estimate for
sales of 26.6 million Euros, and a positive result amounting to 0.2 million
Euros (EBIT: 0.4 million Euros).
The newly aligned global systems provider will benefit from many synergies. The
additional sales base will open up new market potential for NIR technology.
Eltosch should achieve further market penetration, particularly in the fields of
printing and paper, as its products and process engineering skills are superior
to those of the competition
The Board of Management of AdPhos AG has also been expanded to facilitate the
rapid integration of Eltosch. Andreas Geitner, Director of Finance & Controlling
for many years, has been appointed to the Board of Management and entrusted
with the areas of financial control, cost accounting and the integration of
Eltosch. Frank Tom Schoeck will in future concentrate on the areas of marketing,
legislation and taxation, and will be responsible for the Investor Relations
Department, along with Dr. Rainer Gaus.
Contact:
AdPhos AG
Dr. Rainer Gaus, Frank Tom Schoeck
Tel.: +49 (0)8061-395100, Fax: +49 (0)8061-395110
rainer.gaus@adphos.com, frank.schoeck@adphos.com
end of ad-hoc-announcement (c)DGAP 06.11.2001
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WKN: 828820; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Stuttgart, München, Berlin,
Bremen, Hamburg, Hannover, Düsseldorf
060715 Nov 01
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