Sales of the Jetter group (ISIN: DE0006264005) rose by 20 % in the first fiscal semester, from KEUR 16,453 to KEUR 19,692. Due to orders that had been anticipated to the first quarter, second quarter sales were only KEUR 8,438 (previous year: KEUR 8,421).
EBIT for the semester was KEUR 1,357, 25 % more than the year before (KEUR 1,082). EBIT for the second quarter was KEUR -125 (previous year: KEUR 475).
EBIT was burdened by once-off special effects such as the strong increase in finished and unfinished goods of KEUR 759 (previous year: KEUR 8), which had an averse effect on material cost. Tax reform further burdened quarterly earnings with once-off accounting losses from deferred tax assets of KEUR 249. The consolidated result was KEUR -144 for the quarter and KEUR 1,043 for the semester (previous year: KEUR 504 and KEUR 1,093).
Order intake and October sales let management expect a marked improvement in the third and especially the fourth quarter. The original guidance of double-digit growth with a 10 % EBIT target is therefore upheld.
The quarterly financial report will be published on 09 November 2007 and will be available on the websites of Jetter (http://www.jetter.de) und Deutsche Börse
(http://deutsche-boerse.com) from then.
EBIT for the semester was KEUR 1,357, 25 % more than the year before (KEUR 1,082). EBIT for the second quarter was KEUR -125 (previous year: KEUR 475).
EBIT was burdened by once-off special effects such as the strong increase in finished and unfinished goods of KEUR 759 (previous year: KEUR 8), which had an averse effect on material cost. Tax reform further burdened quarterly earnings with once-off accounting losses from deferred tax assets of KEUR 249. The consolidated result was KEUR -144 for the quarter and KEUR 1,043 for the semester (previous year: KEUR 504 and KEUR 1,093).
Order intake and October sales let management expect a marked improvement in the third and especially the fourth quarter. The original guidance of double-digit growth with a 10 % EBIT target is therefore upheld.
The quarterly financial report will be published on 09 November 2007 and will be available on the websites of Jetter (http://www.jetter.de) und Deutsche Börse
(http://deutsche-boerse.com) from then.
