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Abonner HTI High Tech Industries AG

HTI High Tech Industries AG

euro adhoc: HTP High Tech Plastics AG
Earnings Forecast
Third quarter: Revenues in line with forecasts, earnings below expectations on account of weak capacity utilization in the Mold Service division (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Neudörfl, Austria, November 12, 2002. HTP High Tech Plastics AG is
revising its forecasts for 2002 to allow for the fact that general
economic conditions have worsened contrary to original expectations. 
Preliminary figures for the third quarter reveal only marginal EBIT
(before restructuring charges) of EUR 0.3 million on revenues of EUR
56.3 million. Restructuring charges in the first nine months of the
year came to roughly EUR 0.6 million. 
These figures are due to project postponements on the part of HTP
customers, who have put off the launch of new products by 3-4 months
on account of the sustained weak economy and muted consumer spending.
For this fiscal year as a whole, HTP AG now only expects an EBIT
margin close to zero and, hence, a small consolidated loss. The weak
state of the economy is necessitating extensions to the cost-cutting
program. HTP will be adjusting capacity in its Mold Service division
and forecasts minimum revenues of EUR 82 million in tandem with a
substantial profit in 2003.
end of announcement        euro adhoc 12.11.2002

Further inquiry note:

HTP High Tech Plastics AG Mag. Isolde Kühhas Tel.: 0664/3262647 Fax: 02253/20167
mailto:ikuehhas@htp.at

Branche: Synthetics & Plastics
ISIN: AT0000764600
WKN: 928963
Index: SMAX
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / official dealing

Plus de actualités: HTI High Tech Industries AG
Plus de actualités: HTI High Tech Industries AG