Ad-hoc | 28 February 2002 12:33

technotrans AG english

2001 Annual Report Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 2001 Annual Report technotrans, a leading systems supplier of plant for the production of print and optical storage media, has easily exceeded the target figures for the 2001 financial year. Revenue rose to EUR 131 million (+ 25 percent), but earnings according to International Accounting Standards fell to EUR 3.4 million (- 37 percent). This represents earnings per share of 1.58 EUR. The target had been downscaled latterly to only EUR 127 million revenue and a profit of EUR 2 to 2.5 million. Shareholders can still look forward to a dividend payment of EUR 0.70 per share (previous year: EUR 1.25). On 31.12.01, the group had 698 employees (+ 20 percent). Revenue for the Print segment rose to EUR 98.7 million. The result for the segment – following amortisation of goodwill – was EUR 4.1 million (previous year: EUR 4.3 million) and was diminished by various factors including the operating loss of EUR 2.4 million by the new subsidiary technotrans america west.- Following its revenue total of EUR 11.8 million in the previous year, the CD/DVD segment generated EUR 11.5 million in revenue; after elimination of the acquisition, this is in line with the targets. The result after amortisation of goodwill amounted to only EUR 625 thousand (previous year: EUR 2.3 million). Following the insolvency of Toolex in September 2001 – theoretically the largest customer of the CD/DVD division – the prospect of an additional EUR 8 million in revenue vanished, along with the profit this would have generated. – The Services segment enjoyed growth in revenue to EUR 20.7 million (+ 26%). The earnings for the division rose by a very disproportionate 75.5 percent to EUR 4 million. The company is planning to boost earnings by around 50 percent in the current financial year, to EUR 5 – 5.5 million. In view of the scenarios in the markets and the general mood of economic uncertainty a highly conservative approach was adopted for the 2002 targets. Therefore revenue is anticipated to reach the level that had been planned for last year of EUR 128 million. Efficient cost control measures and the Value+ scheme already implemented are designed to bring sustained, high-quality growth in 2002. Further information is available on the Internet at http://www.technotrans.de end of ad-hoc-announcement (c)DGAP 28.02.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: technotrans Key Figures acc. to IAS in TEUR 1999 2000 2001 Change Earnings Revenue 73,373 104,927 130,990 +24.8% Segment result 8,247 9,676 9,130 -5.6% Net profit 4,246 5,405 3,421 -36.7% As % of revenue 5.8 5.2 2.6 Consolidated Balance Sheet Issued capital 6,000 6,180 6,600 +6.8% Equity 29,059 36,778 54,756 +48.9% Equity ratio 72.5 49.6 55.3 Return on equit 14.6 14.7 6.2 Balance sheet total 40,073 74,195 99,042 +33.5% Employees Total employees 411 543 687 +26.5% Personnel costs 17,147 24,632 33,634 +36.5% As % of revenue 23.4 23.5 25.7 Revenue per employee 179 193 191 -1.3% ——————————————————————————– WKN: 744900; ISIN: DE0007449001; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 281233 Feb 02