Jetter AG

euro adhoc: Jetter AG
Layoffs & Downsizing
Jetter adopts far-reaching cost-cutting measures (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Ludwigsburg, 12. August 2002 - Jetter AG (Neuer Markt: JTT), a leading supplier of industrial automation solutions, has adopted a substantial package of cost-cutting measures. They concern mainly personnel, whose costs will be reduced by about one fourth. Additional measures shall cut expected losses in foreign subsidiaries by more than half. 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 result for the quarter ended 30 June 2002 is in line with expectations and largely on the same scale as the previous year’s quarter. The complete interim report will be published on 26 August 2002.

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

end of announcement            euro adhoc 12.08.2002

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

Weitere Meldungen: Jetter AG

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