All Stories
Follow
Subscribe to PVA TePla AG

PVA TePla AG

ots Ad hoc-Service: TePla AG <DE0007461006> Sales in 2000 increased significantly

Feldkirchen (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Sales in 2000 increased
significantly
In the financial year 2000 TePla AG increased preliminary sales by
68 percent to approximately DM 31.0m. This includes fourth quarter
sales of MetroLine Industries Inc., USA, which was acquired in
October 2000. While the TePla Group (including TePla Inc. and TePla
France) exceeded sales projections at DM 26.4m (+43 percent compared
to previous year) by DM 1.0m, revenues at MetroLine Industries Inc.
were slightly below expectations. This was attributable to the
deferment of a large order to the first quarter of 2001.
According to the individual financial statements (HGB), operating
profit (EBIT) of TePla showed a positive development of DM 1.2m in
2000. On a consolidated basis the result suffered from integration
and start up costs of MetroLine Industries, TePla France as well as
TePla Inc.. In addition EBIT was reduced by R&D expenses, which
amounted to DM 3.3m representing a 120 percent increase compared to
the previous year. In total the TePla Group posted an EBIT of
approximately DM -0.5m in 2000 (1999: DM 0.2m).
The positive development of orders in hand in the first months of
2001 indicates further dynamic sales growth and a significant
increase in profitability. Due to the restructuring measures
introduced at MetroLine and the successful development of TePla
France and TePla Inc., the company expects positive results for all
subsidiaries in 2001. For 2001 the Group projects sales of DM 50.0m
and an EBIT of approximately DM 2.0m.
The detailed consolidated financial statements of TePla AG for the
financial year 2000 will be released on March 29, 2001. The figures
are presented at the annual press conference on April 2, 2001 in
Munich.
WKN: 746100; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr
in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und
Stuttgart
End
Internet: http://recherche.newsaktuell.de

Original content of: PVA TePla AG, transmitted by news aktuell