Jetter AG (ISIN DE0006264005) has closed the second fiscal quarter at 30 September 2009. With sales of 8 Mio. Euro and a loss of about 200 KEUR, the second quarter was markedly better than the first, yet below the quarter in the previous year (sales of 9.5 Mio. Euro and 236 KEUR profit). The improvement over the preceding quarter was due to cost saving measures such as short-time work, which was introduced at the Ludwigsburg facility in July 2009.
Sales for the semester were 15 Mio. Euro, with a loss of 1.4 Mio. Euro. In the previous year, sales had been 22.7 Mio. Euro with a profit of 1.7 Mio. Euro.
Based on the persistently difficult conditions in the machinery business, management considers the improvement in the past quarter to be temporary. Oscillating sales and negative results are expected to be around for another six to nine months. Management expects the tension to ease only from mid-2010, when serial sales of new products from the mobile automation range shall begin. Furthermore, there are timid signs of existing customers' order books improving in the second half of 2010. Until then, the main focus is on the preservation of liquidity and on the organisational preparation for the expected upturn.
The complete interim report will be published on 11 November 2009 and will be available at the websites of Jetter (http://www.jetter.de) and Deutsche Börse (http://deutsche-boerse.com).
Sales for the semester were 15 Mio. Euro, with a loss of 1.4 Mio. Euro. In the previous year, sales had been 22.7 Mio. Euro with a profit of 1.7 Mio. Euro.
Based on the persistently difficult conditions in the machinery business, management considers the improvement in the past quarter to be temporary. Oscillating sales and negative results are expected to be around for another six to nine months. Management expects the tension to ease only from mid-2010, when serial sales of new products from the mobile automation range shall begin. Furthermore, there are timid signs of existing customers' order books improving in the second half of 2010. Until then, the main focus is on the preservation of liquidity and on the organisational preparation for the expected upturn.
The complete interim report will be published on 11 November 2009 and will be available at the websites of Jetter (http://www.jetter.de) and Deutsche Börse (http://deutsche-boerse.com).
