Jetter AG

euro adhoc: Jetter AG
Quarterly or Semiannual Financial Statements
Jetter result for the quarter on previous year level, as expected (E)

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Ludwigsburg, 26. August 2002 - The result of Jetter AG (Neuer Markt: JTT) for the first fiscal quarter is in line with the previous year, as announced earlier. Jetter keeps acting in a difficult economic environment, which is marked by the investment stop of semiconductor manufacturers. During the first quarter of the current fiscal year (April - June 2002), Jetter sold goods and services for 3.4 Mio. Euro, 5% less than in the same period of the previous year. Since large portions of JetWeb development are meanwhile finished and the products being marketed, development cost is no longer capitalised to a significant extent. As a consequence, total output sank from 4.3 Mio. Euro in the previous year to 3.4 Mio. Euro. This decline could be absorbed by cost-cutting in the personnel and general areas, so EBIT remained all but unchanged at -1.8 Mio. Euro. As announced on 12 August 2002, Jetter has in the face of this development initiated far-reaching cost-cutting measures, which shall further reduce personnel cost by one fourth and heavily restructure foreign subsidiaries. The restructuring implied in this cuts package will ensure the translation of the company’s technological advantage into economic success in a continuously difficult world-wide market situation. The complete interim report in electronic form is available at the websites of Jetter (http://www.jetter.de) and Deutsche Börse (http://deutsche-boerse.com).

For additional information please contact: Jetter AG, Günter Eckert, CFO Tel.: +49 7141-2550-514    Fax.: +49 7141-2550-555 E-Mail: geckert@jetter.de

end of announcement            euro adhoc 26.08.2002
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Further inquiry note: Günter Eckert

Branche: Semiconductors & active components
ISIN:      DE0006264005
WKN:        626400
Index:    CDAX Gesamtindex, CDAX Technology, Nemax All Share, Nemax Technology
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Hamburger Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / Neuer Markt



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