ots Ad hoc-Service: ADVA AG <DE0005103006> ADVA Optical Networking Reports Record 1999 Results, 2000 Forecasts and 5-for-1 Stock Split
1999 Sales up 106%, Operating Income up 201%, Net Profit up 316%
Für den Inhalt ist allein der Emittent verantwortlich
Martinsried/Munich, Germany; Ramsey, New Jersey (ots Ad hoc-Service) -
Financial Highlights
1999 1998 1999 1998
(Euro) (Euro) (USD) (USD)
Sales 23,558 11,441 22,908 11,125
Operating income 1,925 639 1,872 621
(EBIT)Profit before tax 2,184 596 2,124 580 (EBT)
Net profit 2,165 521 2,105 507 Diluted earnings 0.42 0.10 0.41 0.10 per share (EPS) Number of 132 75 132 75 employees
Total assets 40,351 5,435 39,237 5,285 Total 33,412 725 32,490 705 shareholders'
equity
*audited according to U.S. GAAP for years ending December 31 *thousands of Euro and USD, except per share amounts and number of employees
ADVA's complete financial statements and annual report for 1999 can be found on its website at www.advaoptical.com. The annual shareholder's meeting will take place on May 24, 2000 at the Hilton Park Hotel in Munich, Germany.
About ADVA Optical Networking ADVA Optical Networking is a global leader in optical networking. Since its foundation in 1994, ADVA has specialized in the design, development and delivery of cost-effective optical networking solutions. Its products are implemented in both private and public networks, including Data Centers, Storage Area Networks (SAN), and Metropolitan Area Networks (MAN) for fiber-based data services to the enterprise. Products and services are distributed via a global network of strategic business partners. The company currently has an installed base of more than 200 service providers and private enterprise customers. ADVA is headquartered in Munich, Germany, with a production and R&D facility in Meiningen and sales offices in Bristol, United Kingdom; Paris, France; Ramsey, New Jersey, USA; and Tokyo, Japan. Visit www.advaoptical.com for more information about ADVA Optical Networking.
The statements contained in this press release that are not purely historical are forward-looking statements. Such forward- looking statements include, but are not limited to, the statements regarding the likelihood of the closing of the acquisition of Storage Area Networks Ltd. and Cellware GmbH, and the accuracy of ADVA's, SAN's, and Cellware's forecasted 2000 and 2001 financial results. Such forward-looking statements involve risks that could cause actual results to differ significantly from anticipated results. Risks that could cause actual results to differ significantly from such forward-looking statements include, but are not limited to, those contained in ADVA's 1999 annual report.
Published by: ADVA Optical Networking AG, Martinsried/Munich and Meiningen, Germany ADVA Optical Networking Inc., Ramsey, New Jersey, USA
For Investors: For U.S. Media and Industry Analysts: ADVA AG Optical Networking Interprose PR Alexa M. Schmidt Kristin Duskin-Gadd Tel.: +49 / 89 / 89 577 577 Tel.: +1 / 703 / 359 0305 Email: investor-relations@advaoptical.de Email: kduskin-gadd@interprosepr.com
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280916 Mär 00
Original content of: ADVA Optical Networking SE, transmitted by news aktuell