Fortec Elektronic AG

ots Ad hoc-Service: Fortec Elektronik Fortec AG with continued growth in first three months of Fiscal Year 2000/2001

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    Aschheim (ots Ad hoc-Service) -      

    - QI 2000/2001: Sales plus 48% to DEM 13 million (mn.)     - QI 2000/2001: EBT plus 64 % to DEM 0.93 mn.     - Fortec raises sales forecast of FY 2000/2001 to DEM 63.5 mn.

    Aschheim, November 15, 2000. FORTEC Elektronik AG, Aschheim near Munich, in first quarter of Fiscal Year 2000/2001 (30.06.2001) outperformed its 40% growth forecast in sales and earnings. From July 1st to September 30, 2000, the High-Tech Electronic company for Embedded Solutions increased sales to DEM 12.95 mn and by 48% compared to the first quarter of previous fiscal year. Earnings before tax (EBT) increased even more by 64% from DEM 0.568 mn to DEM 0.93 mn. Incoming orders went up by 40% to DEM 15.3 mn., orders on hand were up 54% and reached DEM 13.8 mn. on September 30, 2000.

    FORTEC's core business Embedded Solutions increased 42% in the first three months and with DEM 10.95 mn. contributed 85% to the group's sales. Within embedded solutions, power supplies increased over 50% to DEM 6.25 mn., displays and embedded computers increased 30% to DEM 4.7 mn. In QI semiconductor-brokerage doubled sales to DEM 2 mn. at a considerably higher contribution to the groups earnings.

    For the current Fiscal Year 2000/2001 FORTEC raises ist sales forecast from DEM 60 mn. to DEM 63.5 mn.

    FORTEC will present the balance sheet of fiscal year 1999/2000 (30.06.2000) to the media in Munich today.

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