Ad-hoc | 8 November 2001 07:45

technotrans AG english

technotrans digests effects on earnings of new subsidiaries Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– technotrans digests effects on earnings of new subsidiaries The revenue rose by 27.1 percent to EUR 96.8 million in the first nine months of the year (without acquisitions: + 16.7 percent). The postponement of deliveries in the CD/DVD division as a result of the bankruptcy of Toolex and the generally unsettled market meant that revenue in the third quarter rose to only EUR 30.6 (previous year: EUR 29.2) million. The two acquisitions that were made this year (technotrans america west and Alpha Plating) represent a considerable financial burden, which is evident primarily in this quarter: scaled down revenue targets for the CD/DVD division, value adjustments on receivables and extraordinary depreciation on goodwill and intangible assets. As revenues have not risen as expected, they have contributed less to results. In operating terms, the technotrans Group’s business is as successful and profitable as ever. A margin improvement of 0.5 percent in the third quarter to 33.2% (gross profit) was more than balanced out by the operating loss of EUR 1.6 million by the new US-subsidiary. The result for the segment of EUR 7.2 million (previous year: EUR 8.1 million) reflects this loss, as well as value-adjusted receivables totalling EUR 725,000 (including EUR 400,000 from Toolex). Also the entire goodwill of the Internet portal globalprint (EUR 0.3 million) has been depreciated. For the acquisition of Alpha Plating (CD/DVD) the purchase price was reduced retrospectively by EUR 2 million, additionally the remaining assets were reduced by EUR 0.7 million. This results in net income for the period of EUR 1.6 million (previous year: EUR 3.4 million). Without these effects, the figure would be in excess of EUR 5.1 million. In view of the economic environment revenue for 2001 may, as a result of the situation in America and in the market for optical storage media (CD/DVD), fall short of the original predictions of EUR 135 million by as much as 6 percent (EUR 8 million). The result will probably be in the order of EUR 2 – 2.5 million (previous year: EUR 5.4 million). The company nevertheless intends to pay a dividend that suitably reflects performance in the 2001 financial year (previous year: EUR 1.25 per share). While anticipating moderate growth in revenue in 2002 the management is focusing its attention on profitability by implementing the “Value+” campaign which will initially bring savings of EUR 5 million in 2002. end of ad-hoc-announcement (c)DGAP 08.11.2001 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The full Interim Report is available for download at the company’s website http://www.technotrans.de, Investor Relations. Key Data for the technotrans Group acc. to IAS in TEUR 1.1.-30.9.2000 1.1.-20.9.2001 Veränderung Revenue 76.185 96.828 +27,1% Segment result 8.120 7.170 -11,7% Net profit for the period 3.445 1.637 -52,5% as % of revenue 4,5 1,7 Issued capital 6.180 6.600 +6,8% Equity 34.664 51.137 +47,5% Equity ratio 45,9% 52,3% Return on equity 9,9% 3,2% Balance sheet total 75.503 97.838 +29,6% Number of employees 505 662 +31,1% Personal expenditures 17.168 25.552 +48,8% as % of revenue 22,5% 26,4% Revenue per employee 151 146 -3,0% ——————————————————————————– WKN: 744900; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 080745 Nov 01