euro adhoc: Jetter AG
Quarterly or Semiannual Financial Statements
/ Jetter cuts losses by half and steadies the cash-flow (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Ludwigsburg, 14 August 2003. Jetter AG (ISIN DE0006264005) is publishing the first quarterly report of the new fiscal year. In the three months ended 30 June 2003, the cost-cutting measures initiated in 2002 could fully unfold their potential. Although sales at KEUR 3.035 were, due to the persistent semiconductor crisis especially in Asia, again slightly lower than in the corresponding quarter of the previous year, consolidated loss of KEUR 890 was only half of last years figure. In April 2003, only KEUR 320 of cash were spent, and since May 2003, the group cash reserves have remained practically stable until today. From the third fiscal quarter at the latest, JetWeb projects already under way shall drive sales and thus contribute to the goal of reaching a balanced EBITDA.
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 Email: geckert@jetter.de
end of announcement euro adhoc 14.08.2003
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