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Frankfurt am Main (ots Ad hoc-Service) -
euromicron AG reached a successful conclusion to the 1999
financial year with a 42.7% increase in net income for the year from
DM 9 million to DM 12.9 million. The Chief Financial Officer, Mr.
Peter Rau, expressed his great satisfaction at today's accounts press
conference with the following comments: "By focussing on the
technologies of the future in fibre optics and energy management, we
have continued our successful course and exceeded our projections".
Earnings per share, based on annual financial statements which
were prepared for the first time in accordance with US-GAAP
accounting standards, increased by 34.5% from DM 2.06 to DM 2.77 per
share. At DM 283 million, Group sales were up 4.6% on the previous
year. The Chief Operating Officer, Karl-Heinz Däumler, made the
following comment on the publication of the 1999 figures: "We have
succeeded in securing leading technological positions in the growing
markets of fibre optics and energy management".
euromicron AG was able to consolidate its market position in 1999
through strategic acquisitions and was able to exploit a high level
of synergies within the Group.
The acquisition of LOKAN data networks in Hanover and the
establishment of the "euromicron systems" brand enabled euromicron AG
to substantially strengthen its position in the field of Fibre Optics
and Security Technology. The company generated sales of DM 86.5
million in this area, which represents a 46% increase on the previous
year. At the same time, the EBIT for this period increased by 37.9%
to DM 10.3 million.
Due to restraint in investment expenditures at the beginning of
1999 and delays in the invoicing and revenue recognition of major
projects, sales in the Power Supply and Energy Management business
unit fell slightly by 6% to DM 100.1 million. However, the fourth
quarter of 1999 saw a record level of incoming orders. At the
beginning of 1999, orders in hand were 122.8% up on the previous year
at a level of DM 63.0 million. Results in this business unit did not
fall to the same extent as sales. At DM 11.8 million, the EBIT was
only 2.5% down on the previous year.
The acquisition of COM/Energy Technologies, Inc. (CET), in
particular, has secured a leading technological position for
euromicron in the area of Metering, Billing and Information Systems
(MBIS) in the energy management market.
Despite an 8% drop in sales in the Testing and Control Engineering
business unit, there was a 5.9% increase in profits in the last
year to DM 15.4 million. With a 16% profit to sales ratio, the
niche- market strategy in the area of Testing and Control Engineering
is an important source of earnings within the Group and plays an
extremely important role in financing growth in euromicron's
industries of the future.
The two Management Board members of euromicron, Mr. Rau and Mr.
Däumler, are convinced that the positive trend of the previous
financial year will be continued in the year 2000. As a result of
greater concentration on the industries of the future, through
further acquisitions and partnerships, through greater foreign
expansion and consolidation of the companyns technological leadership
in energy management systems, euromicron is well positioned to
achieve further growth. For the year 2000, the Management Board
anticipates further sales and income growth of around 20% on the
For further questions please contact:
euromicron AG Karl-Heinz Däumler Peter Rau Kennedyallee 97 a 60596
Tel.:n069 / 631583-0 Fax:n069 / 631583-20 E-Mail:
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