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CEAG AG: "prepared for the future"
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| 05/22/2001 |
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| CEAG AG: "prepared for the future" |
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Bad Homburg v. d. Hoehe, May 22nd, 2001
After the record year 2000 CEAG AG, holding company of the FRIWO Group – a
worldwide leading producer of power supplies and chargers – is confirmed in its
strategy of concentrating not only on the bulk business, but also to set goals on
new markets and innovations.
On Tuesday in Bad Homburg v. d. Hoehe at the general meeting of the CEAG
group the executive board was very contented concerning the passed year. Not
least because of the worldwide mobile telephone boom the CEAG group could
credit a record sales volume of 261 million euros. which represents an increase
in turnover of 52 per cent. The pre-tax profit of 21.6 million euros was even
increased by 114 per cent compared to the previous year. Main sales volume
carrier with 205.6 million euros was the sector of telecommunications.
The divisions of the non-telecommunication sector like information technology,
medical technology, mobile tools, measuring and weighing or security
technology has improved with a sales volume of 55 million euros by 24 per cent.
According to the executive board chairman Rolf Endress, strategic efforts, which
were started last year, were clearly noticeable for the expansion of the
customers and product portfolio as well as the initiated measures for the advised
cost leadership. With this it was possible to raise the sales volume yield from
5.9 to 8.3 per cent despite the strongly increasing downward pressure of prices.
Shareholders also participate in the most successful year in the enterprise's
history. For the passed year 2000, CEAG AG will distribute 0.55 euros for each
individual share certificate. This represents an increase of 77 per cent in dividend
versus the previous year.
The framework conditions primarily in the mobile telephone market are according
to Endress "at present anything but favorable". For the current financial year the
chairman of the executive board expects therefore a lower but still two-digit sales
volume growth between 10 and 15 per cent as well as a moderate improvement
in pre-tax profit in comparison to the previous year.
Despite the currently difficult market environment and the turbulences on the
mobile telephone sector the sales could be increased by 16 per cent to over 26
million units in the first quarter. With the obtained sales volume of 56.9 million
euros the group lies practically on last year's standard. With a pre-tax profit of 4
million euros the group is under the level of last year's time period, however, with
a pre-tax profit yield of 7.1 per cent in a still reasonable corridor.
According to the executive board chairman's statement the CEAG group had
"created internal prerequisites and seized market oriented initiatives on time"
and reacted early to the decrease in the mobile telephone sector's growth rates.
Although he still expects another drop for the second quarter there are,
according to a statement of Rolf Endress, good reasons to be able to look into
the future confidently:
With the creation of the second factory in China as WFOE (Wholly Foreign
Owned Enterprise) a considerable customs and cost advantage is generated
for the customers in China.
With the foundation of an own FRIWO sales corporation in Japan and the
ongoing negotiations about a company formation and sub-contractor
agreement in Brazil the presence on important growth markets in the world will
be increased and a further increase of 22.6 per cent of last year's market share
in battery chargers for mobile telephones will be possible.
The continuous development of the non-telecommunications sector and a
successful start of the POWERLINE technology for private home networking
creates new sales potentials for the group.
In times of growing globalization the CEAG Group is excellently positioned and
regards the difficult market environment as a challenge to be able to react better,
faster, more flexible and more efficient on increased customer demands in future.
Short portraits
CEAG AG
With the brand FRIWO and a market share of over 22 per cent, the CEAG AG, a
holding of FRIWO Group headquartered in Bad Homburg v. d. Hoehe in
Ostbevern/Westphalia, Germany, is a worldwide leading supplier of chargers and
power supplies for mobile telephones. Moreover individual chargers and power
supplies are manufactured for small power supplies and applications in the
electronic industry, information technology, medicine technology as well as in
door and lock technology. The group's turnover amounted to 260.8 million euros
in the financial year 2000. Worldwide more than 8,000 people were employed.
CEAG AG has manufacturing facilities in Europe, America and Asia. Main
shareholder is DELTON AG with almost 77 per cent of the capital stock.
DELTON AG
The DELTON AG, in Bad Homburg v. d. Hoehe, bundles entrepreneurial
investments of its sole shareholder Stefan Quandt. In the financial year 2000 the
group obtained a sales volume of approximately 730 million euros and employed
worldwide more than 10,000 people. As a strategic management holding
DELTON leads apart of the CEAG AG (power supply) value creating
entrepreneurial activities in business sectors logistics, drugs, household
products and fashion. Thus the enterprise commits itself in clearly defined
segments of future oriented growth markets, in which on a global scale a market
leading position is already taken or striven for
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FRIWO