Ad-hoc | 16 October 2008 08:16
technotrans AG / Restructure of Company
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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In response to the downturn in the global economy, the Board of Management
of technotrans AG has approved an extensive package of cost-cutting
measures in consultation with the Supervisory Board. These efficiency
measures are designed to prepare the company promptly for what is likely to
be a sustained period of economic slowdown or even a deterioration in the
economy. The aim is to continue to operate successfully even in difficult
market conditions and at the same time to maintain the traditional level of
profitability. To achieve that goal, the cost reduction program introduced
with the half-year financial report has been increased from € 3 million to
some € 8 million worldwide, with reduced personnel expenditure accounting
for over half of the saving. As well as the capacity adjustments that have
already been made during the course of 2008, there are plans to reduce the
workforce step by step by up to 15 percent; this measure is not likely to
cost more than € 1 million and will be completed mainly during the current
financial year. The Board of Management is convinced that its actions will
prepare the ground for technotrans yet again to perform better than the
industry as a whole next year, even in the event of revenue falling to a
yet lower level.
Contact: technotrans AG, Investor Relations, Thessa Roderig Tel. +49 2583
301 1887
16.10.2008 Financial News transmitted by DGAP
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Language: English
Issuer: technotrans AG
Robert-Linnemann-Str. 17
48336 Sassenberg
Deutschland
Phone: +49 (0)2583 - 301 - 1000
Fax: +49 (0)2583 - 301 - 1030
E-mail: info@technotrans.de
Internet: http://www.technotrans.de
ISIN: DE0007449001
WKN: 744900
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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