Philipp Holzmann AG i.L.
Philipp Holzmann AG english
Philipp Holzmann: Anticipated annual loss higher than expected
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Philipp Holzmann: Anticipated annual loss higher than expected
According to the data currently available, the net loss of the Philipp Holzmann
Group for fiscal 2001 will be substantially higher than last anticipated due to
unforeseeable special effects. A final figure is not available yet since the
annual financial statements have not been finalized so far.
The main factor influencing the results is the negative trend in the domestic
construction industry. Contrary to the expectations of the entire sector, the
domestic construction market slumped once again in 2001. This had a negative
effect on the operating result of individual locations and resulted in higher
restructuring costs.
Moreover, the sale of real estate assets, which was delayed once again, and
additional expenses related to real estate weighed on the result. This was
attributable to the continued deterioration of the overall economic situation.
Talks between Philipp Holzmann AG and potential candidates for a strategic
partnership are carried on as scheduled.
end of ad-hoc-announcement (c)DGAP 07.03.2002
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WKN: 608200; ISIN: DE0006082001; Index: SDAX
Listed: Amtlicher Handel in Berlin, Düsseldorf, Frankfurt, Hamburg und München;
Freiverkehr in Bremen, Hannover und Stuttgart
071530 Mär 02
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