Ad-hoc announcement
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| 08/16/2001 |
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| Ad-hoc announcement |
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Ad-hoc announcement according to § 15 of the
German Securities Trading Law
CEAG AG
Security Identification Code 620110
CEAG presents semi-annual business report: Better than the
sector-specific average; mobile phone market still on
downswing
Bad Homburg v. d. Hoehe, 16 August 2001
CEAG AG, holding of the FRIWO Group and with the brand
FRIWO worldwide leading supplier of chargers for mobile
phones, has been quoted on the SDAX since 31 July, 2001.
Confidence dominates scepticism in the semi-annual business report
of CEAG AG.
The core business of telecommunications experienced another strong
downswing in the second quarter regarding the mobile phone market.
Massive cutbacks in personnel by the leading suppliers, high
inventories and modest sales forecasts increased, among others, the
margin pressure on the suppliers, affecting the CEAG AG/FRIWO
Group as well.
Nevertheless, the enterprise gained market share even in this sector
and increased their sales, versus the previous year, by 14 percent.
Compared to the record year 2000, a drop in turnover of 6 percent
(from 114.1 mill. Euro to 107.2 mill. Euro) had to be coped with in the
first half of 2001.
With 40 percent, the German market has played a major part in this
development. In comparison, the turnover of all non-domestic
important world markets has been increased by almost 32 percent.
Main sales volume performer remains the telecommunications sector
with 81.7 mill. euros (previous year 87.7 mill. euros) whose share in
the total turnover reached last year's level of 76 percent.
The EBIT (earnings before interest and tax) was below last year's
figures (11.2 mill. euros). Accordingly the EBIT yield was therefore
only 4.6 percent in the first six months compared to previous year's
9.8 percent.
Though a considerable recovery of the market can be expected at the
earliest in the 4th quarter, CEAG' last year's record figures can not be
repeated.
Despite the difficult market environment the EBIT yield will probably be
between three and five percent.
Nevertheless: Due to the portfolio expansion with new applications,
the penetration of new markets and an efficient cost management,
CEAG AG is looking optimistically into the future.
The sector-exceeding results of the first six months are based on an
excellent positioning on the worldwide market and a timely and flexible
reaction to changing scenarios.
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