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ots Ad hoc-Service: Bertrandt AG <DE0005232805> Bertrandt AG's earnings for the whole of fiscal 1999/2000 weighed down by below-budqet 3rd quarter

Tamm (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Bertrandt AG's earnings for the whole
of fiscal 1999/2000 weighed down by below-budqet 3rd quarter
The unanticipated weak market and project situation, which is
reflected particularly in an inadequate level of utilization of
resources, carried over into the third quarter of the current
financial year as well. Like the 1st half before it, the 3rd quarter
of fiscal 1999/2000 fell well short of expectations both in terms of
revenues and earnings, while earnings on ordinary business activity
were substantially down on the first half because of the loss
sustained in the 3rd quarter. This is due to repeated postponements
of projects by major customers, which resulted in a shortfall in
capacity utilization, and to unanticipated losses in France. In the
nine months to June 30, 2000, revenues came to DM 269,1 million,
equivalent to a roughly 35 % increase (June 30, 1999; DM 200,1
million), Earnings on ordinary business activity amounted to DM 3.2
million (June 30, 1999: DM 21.3 million) and German GAAP (HGB) net
income to DM 842,000, (June 30, 1999: DM 11,2 million). Net income
calculated according to US GAAP stood at DM 881.000 (June 30,1999: DM
12.4 million) and DVFA/SG earnings DM 536,000 (June 30,1999: DM 10.3
million). At this stage, the Bertrandt Group expects to post total
revenues of DM 360 million and balanced earnings on ordinary business
activity at the end of the fiscal year. The Company's consistent
strategic alignment in the light of market requirements will provide
it with considerable potential, allowing it to make use of the
projects expected in the wake of a recovery in the market to bolster
its earnings on a long-term basis in future as well.
Tamm, July 31, 2000
Bertrandt AG The Management Board
End
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