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GROUP Technologies AG

euro adhoc: GROUP Technologies AG
Quarterly or Semiannual Financial Statements
Preliminary figures of third quarter 2002 of GROUP Technologies AG (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
· Sales and earnings development below expected plannings  
· Full year planning is going to be reduced
· Improvement in 2003 expected due to cost cutting program
GROUP Technologies AG, Karlsruhe, recorded according to first and
preliminary figures for the third quarter 2002 again a clear
reduction in sales and earnings development. Sales for the period
July to September 2002 resulted in round about EUR 1.7 mill and
therefore the cumulated figure for the first nine months totalled to
round about EUR 5.9 mill. The declining sales development (- 8%)
compared to the previous year (EUR 6.5 mill) is clearly below the
expected growth perspectives of the board.
Main reasons were the unexpected strong decrease in capital
expenditures in general as a result of the weak development of the
economy and the con-tinued unsecurity of our customers about the
bankruptcy of Ceyoniq AG and their consequences for GROUP
Technologies AG. First positive effects from the restructuring
measures within the sales department and from the cost cutting
program, initiated in Q3, couldn`t compensate for this untill now. 
Especially for the personnel costs is a marked improvement to be
expected not before 2003.
EBIT for the third quarter 2002 resulted at around EUR  - 1.4 mill
(previous year EUR 271,000) and for the first nine months 2002
cumulated at around EUR  - 2.7 mill (previous year EUR 426,000).
The executive board of GROUP Technologies AG is going to present a 
revised full year planning in the near future which is going to
result in a clear cut in sales and EBIT.
Definite and detailed figures for the third quarter 2002 of GROUP
Technologies AG are going to be disclosed on November 28th, 2002.
For additional information please contact:
GROUP Technologies AG
Investor Relations
Birgitta Weisshaar-Schmid
Ottostrasse 4
D - 76227 Karlsruhe
Phone:	+49 - (0) 721 - 490 11 - 84
Fax:	+49 - (0) 721 - 490 11 - 914
mailto: 	bws@group-technologies.com
Internet:	www.group-technologies.com
end of announcement        euro adhoc 21.11.2002

Further inquiry note:

Birgitta Weißhaar IR Tel.: +49(0)721 4901 184 E-mail: bws@group-technologies.com

Branche: Software
ISIN: DE0005556112
WKN: 555611
Index: Nemax All Share
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Frankfurter Wertpapierbörse / Neuer Markt

Plus de actualités: GROUP Technologies AG
Plus de actualités: GROUP Technologies AG
  • 14.11.2002 – 18:50

    euro adhoc: GROUP Technologies AG / GROUP Technologies AG (E)

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. · GROUP Technologies AG applied for a segment change into "Geregelter Markt" at Deutsche Boerse AG · Last quotation on "Neuer Markt" is expected to be in December 2002 · Consistent continuation of implemented cost cutting The executive board of GROUP Technologies AG, Karlsruhe, (hitherto "Neuer Markt", ...