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Fortec Elektronic AG

ots Ad hoc-Service: Fortec Elektronik <DE0005774103> Fortec AG with continued growth in first three months of Fiscal Year 2000/2001

Aschheim (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
- 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.
End
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Original-Content von: Fortec Elektronic AG, übermittelt durch news aktuell

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