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

Jetter concludes a year of restructuring
Ludwigsburg, 26 June 2003 - Jetter AG (Prime Standard: JTT) today
publish their business report as of 31 March 2003. The year has been
marked by far-reaching restructuring and cost-cutting measures. Due
to lead times, restructuring costs and write-downs, though, effects
in the year were circumscribed. Consolidated loss is 6.9 Mio. Euro
after 6.3 Mio. Euro in the previous year, with sales at 13.3 Mio.
Euro (less 5.6 %). One should bear in mind that under the company’s
conservative accounting policy, capitalisation of development cost
was near nil (previous year: 1.5 Mio. Euro). The result also includes
1.0 Mio. Euro of one-time restructuring costs and about 1 Mio. Euro
amortisation of goodwill and development cost, which had no impact on
cash-flow.
The co-operation with Lumberg Automation GmbH & Co. KG, signed early
2003, has been successfully implemented on the ground. The sales
forces of both companies are already operating under the umbrella of
Lumberg-Jetter GmbH & Co. KG. Jointly developed products will be
available from Q3/2003.
For the new fiscal year 2003/04, Jetter expects sales to grow by
15-20 %, notwithstanding a flat economy, due to new JetWeb customers,
at neutral EBITDA. In the first quarter (30 June), cash-flow could
already be minimised.
The complete 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 26.06.2003

Further inquiry note:

Günter Eckert

Branche: Semiconductors & active components
ISIN: DE0006264005
WKN: 626400
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade