All Stories
Follow
Subscribe to Bertrandt AG

Bertrandt AG

ots Ad hoc-Service: Bertrandt AG <DE0005232805> Positive sales performance in 1st quarter of fiscal 1999/2000

Tamm (ots Ad hoc-Service) -

Für den Inhalt ist allein der Emittent verantwortlich
Good prospects for annual earnings
despite poor results in the first three months
Continued rapid growth led to a positive sales performance by the
Bertrandt Group in the first quarter of fiscal 1999/2000. Revenues of
DM 88 mn were posted as at 12/31/1999. This is the equivalent of a
62% increase in revenues on the same period one year earlier (1st
quarter of fiscal 1998/99: DM 54,3 mn). Shifts in models made by a
number of customers resulting from a review of market opportunities
for the entire model range and dwindling budgets at year's end, led
to an unpredictable under- utilization of Bertrandt's resources. The
Company consistently continued to increase its workforce for the
outstanding projects, which have merely been postponed. These two
opposing developments had a perceptible effect on earnings in the
first quarter of 1999/2000. Earnings on ordinary activities were
below the amount projected for this period under review. As at
December 31, 1999, the corresponding figure came to DM 4.6 mn, i.e.
below the previous year's level of DM 5.5 mn. HGB-based net income
totaled DM 2.3 mn, slightly down on the previous year's figure of DM
2.6 mn. Net income based on US GAAP stood at DM 2.8 mn as at December
31, 1999, compared to DM 3.5 mn in the previous year. DVFA/SG
earnings amounted to DM 2.3 mn compared to DM 2.4 mn as at December
31, 1998. DVFA/SG earnings per share came to DM 0.70, up from DM 0.81
in the first quarter of the previous year. The calculation per share
for the 1st quarter of 1999/2000 is based on 3,324,600 shares, in
contrast to the previous year, when it was based on an average of
3,075,000 shares. The DVFA figures were determined on the basis of
the revised DVFA/SG rules. Last year's figures were adjusted
accordingly in order to make it possible to compares figures.
Bertrandt continues to see great opportunities for the current
financial year. Due to the large number of projects planned and due
to commence in the coming months the Company anticipates intensive
demand in the 2nd quarter of the current financial year. The original
earnings target of DM 370 mn for the current financial year has thus
been increased to around DM 400 mn, corresponding to year-on-year
growth of 39%. At the same time, the earnings projections already
published are reaffirmed. They are attainable given sufficient
capacity utilization and sustained growth. Earnings on ordinary
activities are expected to amount to DM 37 mn and the target for DVFA
earnings has been set at DM 18.4 mn. DVFA/SG-based cash flow of DM 44
mn is projected. For the next financial year of 2000/2001 the Company
has set a sales target of approximately half a billion DM.
Bertrandt AG The Management Board
End
Internet: http://recherche.newsaktuell.de

Original content of: Bertrandt AG, transmitted by news aktuell

More stories: Bertrandt AG
More stories: Bertrandt AG
  • 01.02.2000 – 07:37

    ots Ad hoc-Service: Bertrandt AG <DE0005232805>

    Tamm (ots Ad hoc-Service) - Engineering services provider Bertrandt now also located in Spain - Bertrandt AG acquires a majority interest in Novel Lahnwerk Engineering S.A. of Spain With the acquisition of a majority holding in engineering services provider Novel Lahnwerk Engineering S.A., the Bertrandt Group is now represented on the Spanish market as well. With this new base, the Company intends to ...

  • 01.02.2000 – 07:35

    ots Ad hoc-Service: Bertrandt AG <DE0005232805>

    Für den Inhalt ist allein der Emittent verantwortlich Tamm (ots Ad hoc-Service) - Ingenieurdienstleister Bertrandt mit neuem Standort in Spanien - Bertrandt AG übernimmt die Mehrheit an der spanischen Novel Lahnwerk Engineering S.A. Mit der Übernahme einer Mehrheitsbeteiligung am Ingenieurdienstleister Novel Lahnwerk Engineering S.A ist die Bertrandt-Gruppe jetzt auch im spanischen Markt vertreten. ...