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Abonner Jetter AG

Jetter AG

euro adhoc: Jetter AG
Quarterly or Semiannual Financial Statements
Jetter Sales remain low - cost cutting measures show effect (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Ludwigsburg, 27 February 2002 - Sales of Jetter AG, which had slumped
at the beginning of the fiscal year due to the semiconductor crisis
and the economic recession, remained low during the third quarter, as
expected. From April through December 2001, sales dropped by 43,4%
from EUR 18.0 Mio to EUR 10,2 Mio. EBIT for the three quarters was
EUR -4.8 Mio (previous year: EUR 0.0 Mio) and the consolidated result
was EUR -5.1 Mio (previous year: EUR -0.2 Mio).
Third quarter sales diminished by 47.9% to EUR 3.2 Mio, compared to
the same quarter of the previous year (EUR 6.1 Mio). This decrease is
partly due to an excessive semiconductor boom in last year’s quarter.
As a consequence, the drop was sharpest in Asia (-92%) and America
(-75%). In the third fiscal quarter of 2001/02, Jetter registered an
EBIT of EUR -1.5 Mio (previous year: EUR -0.5 Mio) and a consolidated
loss of EUR -1.5 Mio (previous year: EUR -0.7 Mio). Earnings per
share according to DVFA/SG were EUR -0.66 (previous year: EUR -0.31).
In the reporting quarter, a range of new JetWeb-related products was
developed to marketability; a complete modular system is now
available, which will generate significant sales in the upcoming
fiscal year, though under the general conditions of the semiconductor
industry and the economic environment, which are not expected to
change before mid-2002. The initiated cost-cutting measures are
already producing considerable effects, which will increase in the
following quarters. Jetter is therefore confident that the liquidity
of EUR 6.4 Mio will guarantee the market entry of JetWeb technology,
and that Jetter will consequently return to the profit zone.
The complete quarterly report can be viewed at www.jetter.de.
For further information please contact: 
Jetter AG, Martin Jetter, CEO, 
Tel.: +49 7141-2550-410   e-mail:  mjetter@jetter.de
end of announcement        euro adhoc 27.02.2002

Further inquiry note:

Günter Eckert

Branche: Semiconductors & active components
ISIN: DE0006264005
WKN: 626400
Börsen: Baden-Württembergische Wertpapierbörse, Börse
Düsseldorf, Hamburger Wertpapierbörse, Handelsüberwachung der
Berliner Wertpapierbörse, Frankfurter Wertpapierbörse