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Fortec Elektronic AG

ots Ad hoc-Service: Fortec Electronik <DE0005774103> FORTEC clearly exceeds plans in First Half of Fiscal Year 2000/2001

Aschheim n. Munich (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
- Order entry, backlog of orders, sales and profit are all above
planned figures and previous year - Sales grow by 56 % to 28,7 Mio.
DM - Profit before tax grows even stronger, increasing by 64% to
1,860 Mio. DM
FORTEC Elektronik AG, Aschheim, is showing unbroken growth during
the first half of the current FY 2000/2001 (July 1 until December 31,
2000). All key figures are above plan and previous years figures.
Sales grew by 56%, increasing from 18,4 Mio. DM to 28,7 Mio. DM.
With an increase from 20,5 Mio. DM to 31,6 Mio. DM, order entry was
similarly strong. Increase in profits, however, is showing the
strongest dynamics once more, with earnings before tax growing by 64
% to 1,860 Mio. DM. This solid over-plan profit performance makes
FORTEC one of the companies on the Neuer Markt with the strongest
profit growth dynamics.
The strong growth in sales was based on a continuing robust market
for investment into industrial equipment that all spheres of the
FORTEC business could take further market share from. The core
business Embedded Solutions grew from 16,0 Mio. DM to 24,9 Mio. DM,
which power supplies could contribute the largest share to with a
sales increase of 75% to 14,6 Mio. DM. The other part of the core,
displays and embedded computers increased by 2,6 Mio. DM to 10,3 Mio.
DM. The other area of business, chip brokerage, has also developed
favorably, increasing by 1,4 Mio. DM to 3,8 Mio. DM. Here alone,
order entry was 4.1 Mio. DM which gives reason to expect a
continuation of the positive trend in FORTEC's chip brokerage
business.
FORTEC continues to be optimistic for the core business and
expects the second half of FY 2000/2001 (ending on June 30, 2001) to
bring about a substantial increase in comparison to the first half.
WKN: 577410; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in
Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End
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