Ad Hoc disclosures 2002 of transtec AG
transtec AG applies for inclusion in the Prime Segment
Tübingen, 20th December 2002.
The Supervisory Board from transtec AG, located in Tuebingen, Germany, has unanimously decided to apply to the Deutsche Börse AG for the inclusion of transtec shares in the Prime Segment and terminate their membership in the Neuer Markt.
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Tübingen, 20th December 2002.
The Supervisory Board from transtec AG, located in Tuebingen, Germany, has unanimously decided to apply to the Deutsche Börse AG for the inclusion of transtec shares in the Prime Segment and terminate their membership in the Neuer Markt.
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Earnings after Taxes Increase 102.6 %
transtec AG Breaks Even
Tübingen, 5th November 2002.
transtec AG ended the 3rd quarter of 2002 with earnings of 0.014 million euros after taxes (-0.548 million euros in the previous year), a 102.6% improvement. The deficit dropped 66.6 percent to -0.881 million euros for the entire fiscal year up to 30.09.2002, as compared to -2.639 million euros at the same time last year. This third quarter upswing is most manifest in the operative business, the operating result rising 154.1% to 0.425 million euros (-0.785 million euros last year). The positive close of the 3rd quarter 2002 positions the company within its expected targets, despite lacking stimulus in the economy coupled with the simultaneous weakness of the IT market. Turnover in the first nine months was 85.62 million euros (110.99 million euros in 2001), as anticipated. The 22.9% reduction in turnover is to be attributed to the deliberate reorientation of the product portfolio, reducing the high-volume, but low-margin distribution business in favour of business with higher-margin server and
storage solutions.
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transtec AG Breaks Even
Tübingen, 5th November 2002.
transtec AG ended the 3rd quarter of 2002 with earnings of 0.014 million euros after taxes (-0.548 million euros in the previous year), a 102.6% improvement. The deficit dropped 66.6 percent to -0.881 million euros for the entire fiscal year up to 30.09.2002, as compared to -2.639 million euros at the same time last year. This third quarter upswing is most manifest in the operative business, the operating result rising 154.1% to 0.425 million euros (-0.785 million euros last year). The positive close of the 3rd quarter 2002 positions the company within its expected targets, despite lacking stimulus in the economy coupled with the simultaneous weakness of the IT market. Turnover in the first nine months was 85.62 million euros (110.99 million euros in 2001), as anticipated. The 22.9% reduction in turnover is to be attributed to the deliberate reorientation of the product portfolio, reducing the high-volume, but low-margin distribution business in favour of business with higher-margin server and
storage solutions.
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First Half-Year Result for 2002:
Despite Slump in the IT Sector, Results Remain In Accordance With Expectations
Tübingen, July 25th 2002.
transtec AG has completed the first six months in 2002 with a deficit of – 0.89 million euros (previous year: -2.09 million euros). In view of the current stagnation in the economy and the coinciding slump on the IT market, these results indicate that the company is on course to meet the predicted expectations. The company turnover reached 57.94 million euros (previous year: 72.94 million euros) whereby the management board expects an even group result for the entire year.
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Despite Slump in the IT Sector, Results Remain In Accordance With Expectations
Tübingen, July 25th 2002.
transtec AG has completed the first six months in 2002 with a deficit of – 0.89 million euros (previous year: -2.09 million euros). In view of the current stagnation in the economy and the coinciding slump on the IT market, these results indicate that the company is on course to meet the predicted expectations. The company turnover reached 57.94 million euros (previous year: 72.94 million euros) whereby the management board expects an even group result for the entire year.
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Positive Core Business at transtec
Significant Improvement in First Quarter Results
Tübingen, May 6th 2002.
transtec has completed the first quarter in 2002 with an even operating result (EBIT). As our ITP subsidiary was forced to postpone deliveries until the second quarter, the group recorded a deficit of - 0.38 million euros (previous year: - 1.02 million euros). As a result of the company's focus on high-yield products and the simultaneous reduction in low-marginal distribution sales, the turnover for this quarter dropped by 25.4 percent to 28.85 million euros (previous year: 38.64 million euros). This result has enabled transtec to establish a comfortable position during the first quarter of 2002, which has, on the contrary, proved to be unstable for the rest of the IT sector.
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Significant Improvement in First Quarter Results
Tübingen, May 6th 2002.
transtec has completed the first quarter in 2002 with an even operating result (EBIT). As our ITP subsidiary was forced to postpone deliveries until the second quarter, the group recorded a deficit of - 0.38 million euros (previous year: - 1.02 million euros). As a result of the company's focus on high-yield products and the simultaneous reduction in low-marginal distribution sales, the turnover for this quarter dropped by 25.4 percent to 28.85 million euros (previous year: 38.64 million euros). This result has enabled transtec to establish a comfortable position during the first quarter of 2002, which has, on the contrary, proved to be unstable for the rest of the IT sector.
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Dieter Weißhaar New Chairman of the Management Board
Chairman of the Management Board Bruscha Moves to the Supervisory Board
Tübingen, April 30th 2002.
It has been announced that Bernhard Bruscha, Chairman of the Management Board of transtec AG, Tuebingen, will stand for election into the Supervisory Board at the general meeting to be held on June 20, 2002. The Chairman of the Supervisory Board, Michael Osterwind, has decided to stand down from his current post. Mr. Bruscha's successor as the head of the European IT manufacturer's Management Board will be Dieter Weißhaar who has been a member of the Management Board since January 1, 2002.
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Chairman of the Management Board Bruscha Moves to the Supervisory Board
Tübingen, April 30th 2002.
It has been announced that Bernhard Bruscha, Chairman of the Management Board of transtec AG, Tuebingen, will stand for election into the Supervisory Board at the general meeting to be held on June 20, 2002. The Chairman of the Supervisory Board, Michael Osterwind, has decided to stand down from his current post. Mr. Bruscha's successor as the head of the European IT manufacturer's Management Board will be Dieter Weißhaar who has been a member of the Management Board since January 1, 2002.
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transtec AG improves result
Positive trend despite weak economy
Tübingen, March 26th 2002.
The Tuebingen-based company of transtec AG completed 2001 with a deficit of 1.3 million euro. That means a perceptible improvement of 67.5 percent in the result in comparison with that of the previous year (- 4.0 million euro). The annual turnover sank by 19.0 percent to 150.1 million euro (previous year: 185.2 million euro). The basis for the positive development in the result was predominantly provided by the final quarter of 2001. Following six consecutive loss quarters the final quarter was again positive, with a result of 0.5 million euro.
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Positive trend despite weak economy
Tübingen, March 26th 2002.
The Tuebingen-based company of transtec AG completed 2001 with a deficit of 1.3 million euro. That means a perceptible improvement of 67.5 percent in the result in comparison with that of the previous year (- 4.0 million euro). The annual turnover sank by 19.0 percent to 150.1 million euro (previous year: 185.2 million euro). The basis for the positive development in the result was predominantly provided by the final quarter of 2001. Following six consecutive loss quarters the final quarter was again positive, with a result of 0.5 million euro.
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transtec with positive result in the last quarter
Tübingen, February 21rst 2002.
transtec AG, the European IT manufacturer, ended the last quarter of 2001 with a positive result of 0.5 million euro following 6 negative quarters.
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Tübingen, February 21rst 2002.
transtec AG, the European IT manufacturer, ended the last quarter of 2001 with a positive result of 0.5 million euro following 6 negative quarters.
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transtec strengthened their management board
Tübingen, January 2nd 2002.
As of Jan. 1. 2002 Dieter Weißhaar (37) has been nominated member of the board of the transtec AG, Tuebingen. He is responsible for Sales and Marketing.
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Tübingen, January 2nd 2002.
As of Jan. 1. 2002 Dieter Weißhaar (37) has been nominated member of the board of the transtec AG, Tuebingen. He is responsible for Sales and Marketing.
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