technotrans AG

ots Ad hoc-Service: technotrans AG technotrans adjusts plans for the year upwards following excellent start to 2000 Sharp rise in first-quarter sales and results

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    (ots Ad hoc-Service) -      

    added boost will result from Ryco acquisition / CD/DVD reports doubling of sales and five-fold increase in profit / significant upward adjustment in forecasts for 2000

    technotrans, a leading systems supplier of equipment for the manufacture of print and optical storage media, reports a 26 percent rise in sales for the first three months of the new financial year, to EUR 22.4 million, contrasting with the original forecast of a rise of 10 percent; the profit for the divisions rose by 21.2 percent to EUR 3.1 million. The net profit for the period did not merely emulate the figure for the prior-year quarter; it actually rose by 19 percent to EUR 1.529 million. This corresponds to a result per share of EUR 0.76 (previous year: EUR 0.64). All segments contributed towards this result.

    The Board of Management is therefore revising its plans for the 2000 financial year upwards. technotrans is consequently set to break through the sales barrier of EUR 100 million for the first time this year; this will represent a year-on-year increase of 36 percent. Despite the costs of its latest acquisition and the higher spending necessitated by the DRUPA, the sector's leading exhibition, the net profit for the year is expected to rise by around 25 percent to between EUR 5.0 and 5.3 million. In addition to the successful start to the financial year, other reasons for this upward revision include the recent acquisition of the American company Ryco and high growth in the CD/DVD segment, which reported a 90 percent rise in sales in the first quarter to EUR 2 million, and a leap in the result of over 400 percent to EUR 651,000. The management moreover anticipates that the DRUPA will generate further interest in the company's products and prompt a surge in demand.

    Further information will be available at Friday's Annual Shareholders' Meeting or via the Internet on or mobile: +49 171 310 82 98

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