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euromicron AG

Ad hoc-Service: euromicron AG <DE0005660005> Group sales up 49.2 per cent, EBT up 6.9 per cent Reorganisation of Group activities, aggressive market development

Frankfurt (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
euromicron AG - 1st Quarter 2000
euromicron AG, the innovative
supplier of fibre optic technology and energy management systems,
increased Group sales in the first quarter of the financial year 2000
by 49.2% compared to the same period of the previous year, taking it
to a total of DM 83.1 million. This increase was driven by strategic
acquisitions and dynamic growth in the company's core business areas.
Despite high market development costs, pre-tax earnings (EBT)
increased by 6.9% to DM 3.1 million.  Earnings per share (EPS) were
DM 0.24.
In the fibre optic technology division, the EBT improved by 9.5%
to DM 2.3 million.  The completion of the value creation chain as a
result of the acquisitions made in the fourth quarter of 1999 should
already have a positive impact on results in the current financial
year.
Substantial expenditure on personnel and on building up the sales
and marketing function to exploit the US market for energy management
systems resulted in a loss of DM 0.7 million in the energy management
division.  The company anticipates reaching the break-even point in
this important segment during the course of the current year.
Dr. Willibald Späth, who took over the position of Chief Executive
Officer of euromicron AG in April, considers his main priority to be
the continued expansion of the company as a high-tech Group with
strong earnings and strong growth.  As well as an active M&A
strategy, proceeding to schedule, and intensive communications with
the financial community, this also involves realising the potential
synergies that exist within the Group. In order to improve
transparency for investors and to document the new corporate
strategy, the activities in the fibre optic technology and energy
management divisions as well as in the Group's various shareholdings
have been reclassified.
For further Information, please contact:
euromicron AG
Dr. Willibald Späth
Kennedyallee 97a, 60596 Frankfurt
Tel. 069/6315830, Fax 069/63158320
E-mail: info@euromicron.de
End
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Original-Content von: euromicron AG, übermittelt durch news aktuell

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