Ad Hoc disclosures 2001 of transtec AG
transtec decides upon cash-capital increase of 1.3 Mio EUR
Tübingen, December 12th 2001.
transtec increases capital. The board and supervisory body of the transtec AG
have decided on friday (Dec. 07, 2001) on a cash capital increase from
authorized capital under exclusion of the purchase rights. 255.645 new shares
will be issued to the named owners of no-par shares with a registered capital
share of 3 EUR.
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Tübingen, December 12th 2001.
transtec increases capital. The board and supervisory body of the transtec AG
have decided on friday (Dec. 07, 2001) on a cash capital increase from
authorized capital under exclusion of the purchase rights. 255.645 new shares
will be issued to the named owners of no-par shares with a registered capital
share of 3 EUR.
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Operative loss considerably reduced in the third quarter
Tübingen, November 6th 2001.
By introducing an immediate cost-cutting strategy within the transtec Group, the company has managed to considerably reduce the operative loss in the third quarter. The operative result for this quarter amounted to -0.8 million EUR. This is approx. 69 per-cent below last year's figure of -2.6 million EUR. -0.7 Mio. EUR retraced to one-time particular effects in Sweden. That matters, that operative Result of transtec is -0.1 Mio. EUR.
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Tübingen, November 6th 2001.
By introducing an immediate cost-cutting strategy within the transtec Group, the company has managed to considerably reduce the operative loss in the third quarter. The operative result for this quarter amounted to -0.8 million EUR. This is approx. 69 per-cent below last year's figure of -2.6 million EUR. -0.7 Mio. EUR retraced to one-time particular effects in Sweden. That matters, that operative Result of transtec is -0.1 Mio. EUR.
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Decline in the IT sector has also been felt by transtec AG
Tübingen, October 5th 2001.
Prompted by the events in the USA, the IT sector has experienced a considerable drop in sales over the last three weeks. This decline has also been felt by transtec AG. This has intensified the strain on the industry, which was already suffering under difficult conditions before this crisis. Capital expenditure on equipment has been frozen by many companies. The expected sales of the transtec group for the 3rd quarter are now predicted to be around 38 million Euro (10 percent below last years figures), which falls below company expectations. The weak margin of abandoned distribution business is also reflected in these figures.
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Tübingen, October 5th 2001.
Prompted by the events in the USA, the IT sector has experienced a considerable drop in sales over the last three weeks. This decline has also been felt by transtec AG. This has intensified the strain on the industry, which was already suffering under difficult conditions before this crisis. Capital expenditure on equipment has been frozen by many companies. The expected sales of the transtec group for the 3rd quarter are now predicted to be around 38 million Euro (10 percent below last years figures), which falls below company expectations. The weak margin of abandoned distribution business is also reflected in these figures.
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Go-ahead for company restructuring
Tübingen, August 7th 2001.
The stronger focusing on self-manufactured systems and solutions, as well as the consequent abandonment of low-marginal sales (distribution), but also the global economic slump are reflected in the sales which, at 72.9 million Euro, are 18.7 percent below the figures from the previous year (89.7 million Euro). At minus 2.5 million Euro, the earnings from ordinary operations are approximately 0.3 million Euro below the previous year's result (minus 14.7 percent).
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Tübingen, August 7th 2001.
The stronger focusing on self-manufactured systems and solutions, as well as the consequent abandonment of low-marginal sales (distribution), but also the global economic slump are reflected in the sales which, at 72.9 million Euro, are 18.7 percent below the figures from the previous year (89.7 million Euro). At minus 2.5 million Euro, the earnings from ordinary operations are approximately 0.3 million Euro below the previous year's result (minus 14.7 percent).
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transtec increases core business
Tübingen, May 8th 2001.
transtec AG has started off the year 2001 by focusing even more on self-manufactured systems in the Linux/Unix, Microsoft and storage solution areas, underlining the trend reversal already in the first 3 months. The consolidated group turnover in the first quarter amounted to 38.6 million EUR (previous year 44.1 million EUR). Adjusted by special factors of approx. 9 million EUR, separation from non-profitable product segments, the transtec core business recorded an increase of 18 percent. The profit and loss on ordinary activities lies within our expectations at minus 1.18 million EUR (previous year 0.4 million EUR). Here start up costs for the tec2b subsidiary have just as much of an effect as the costs of concentrating logistics in the group headquarters at Tuebingen. The deficit amounts to 1.26 million EUR. This is equivalent to a period deficit per share of EUR 0.36 (previous year EUR 0.16). Overall transtec is within our expectations with the results of the first quarter.
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Tübingen, May 8th 2001.
transtec AG has started off the year 2001 by focusing even more on self-manufactured systems in the Linux/Unix, Microsoft and storage solution areas, underlining the trend reversal already in the first 3 months. The consolidated group turnover in the first quarter amounted to 38.6 million EUR (previous year 44.1 million EUR). Adjusted by special factors of approx. 9 million EUR, separation from non-profitable product segments, the transtec core business recorded an increase of 18 percent. The profit and loss on ordinary activities lies within our expectations at minus 1.18 million EUR (previous year 0.4 million EUR). Here start up costs for the tec2b subsidiary have just as much of an effect as the costs of concentrating logistics in the group headquarters at Tuebingen. The deficit amounts to 1.26 million EUR. This is equivalent to a period deficit per share of EUR 0.36 (previous year EUR 0.16). Overall transtec is within our expectations with the results of the first quarter.
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transtec maintains its hold in a difficult market environment 2001: Further specialisation ensures profitable core business
tec2b: Cost leadership strived for with standard products
Tübingen, March 27th 2001.
transtec AG still maintained its good hold on the difficult IT market of year 2000 with its core business. Despite the low dynamics in the computer industry the Tuebingen-based IT specialist managed to increase turnover by 5.8 percent from 175 million Euro to 185.2 million Euro in 2000. Unique and unusually high restructuring costs in Switzerland as well as high investments in the tec2b AG subsidiary and the international country
corporations in Belgium, Sweden and Denmark were a burden on the result. In
accordance with IAS the result of the ordinary business activity amounted to minus 6.1 million Euro (previous year: plus 6.8 million Euro). The net loss for the year was 4.0 million Euro following a net profit for the year of 4.1 million Euro in 1999. On the balance sheet date the liquid funds amounted to 3.8 million Euro (previous year 4.3 million Euro). The measures resulting from business operations were consistently implemented by transtec. These include the concentration of logistics, focusing via the creation of strategic business units as well as the elimination of distribution turnovers with low margins. Restructuring measures in the first three quarters have borne fruit. Thus, transtec introduced a trend reversal in the core business in the final quarter
and achieved a balanced quarterly result.
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tec2b: Cost leadership strived for with standard products
Tübingen, March 27th 2001.
transtec AG still maintained its good hold on the difficult IT market of year 2000 with its core business. Despite the low dynamics in the computer industry the Tuebingen-based IT specialist managed to increase turnover by 5.8 percent from 175 million Euro to 185.2 million Euro in 2000. Unique and unusually high restructuring costs in Switzerland as well as high investments in the tec2b AG subsidiary and the international country
corporations in Belgium, Sweden and Denmark were a burden on the result. In
accordance with IAS the result of the ordinary business activity amounted to minus 6.1 million Euro (previous year: plus 6.8 million Euro). The net loss for the year was 4.0 million Euro following a net profit for the year of 4.1 million Euro in 1999. On the balance sheet date the liquid funds amounted to 3.8 million Euro (previous year 4.3 million Euro). The measures resulting from business operations were consistently implemented by transtec. These include the concentration of logistics, focusing via the creation of strategic business units as well as the elimination of distribution turnovers with low margins. Restructuring measures in the first three quarters have borne fruit. Thus, transtec introduced a trend reversal in the core business in the final quarter
and achieved a balanced quarterly result.
read more