ots Ad hoc-Service: euromicron AG <DE0005660005> english
Frankfurt (ots Ad hoc-Service) -
Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement.
The euromicron Groups sales increased by 16.6% year-on-year from EUR 144.7 million to EUR 168.7 million. euromicron AGs financial statements show an increase in investment income of almost 10% from EUR 14.7 million in the previous year to EUR 16.1 million in the year under review. The operating strength of the euromicron Group continues to be reflected in its cash flow from operating activities, which more than quadrupled from EUR 6.9 million to EUR 29.2 million despite the special effects in 2000, leading to cash and cash equivalents amounting to EUR 16.5 million.
As announced at the time of publication of the financial statements for Q3, this outstanding operating growth was utilized in full for adjustments to the Groups structure, reorganization and restructuring measures and in particular for the companys new strategy. In addition, further writedowns were made, meaning that euromicron recorded a net loss for the period of EUR 5.1 million (previous year: net income for the period of EUR 6.6 million). Excluding these one-off special effects, euromicron recorded a consolidated operating result before income taxes of EUR 14.9 million in 2000, compared with EUR 12.5 million the previous year.
The restructuring of the Group and the recognition of this in the balance sheet for 2000 have paved the way for the speedy and professional implementation of euromicrons new growth strategy, which focuses on the fiber optics market. The positive development of sales, earnings and incoming orders in the first two months of 2001, combined with the advanced stage of the Groups reorientation (acquisition of MultimediaMontage GmbH), all point towards a successful fiscal year 2001.
euromicron AGs financials press conference will be held on March 30, 2001 in Frankfurt / Main.
Issuer's information/explanation remarks concerning this ad hoc announcement:
For further information, please contact: euromicron AG Dr. Willibald Späth Chairman of the Managing Board Simone Blank Investor / Public Relations Kennedyallee 97 a 60596 Frankfurt Germany
Tel: +49 (0)69 / 631583-15 Fax: +49 (0)69 / 631583-20 E-Mail: blank@euromicron.de http://www.euromicron.de
WKN: 566000; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of message Internet: http://recherche.newsaktuell.de
Original-Content von: euromicron AG, übermittelt durch news aktuell