ISRA VISION Parsytec AG
Parsytec AG: Annual forecasts for 2006 revised
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Annual forecasts for 2006 revised
Net return on revenue (EAT) continues positive trend
Q3 below expectations, promising developments in Q4
Aachen – 13 October 2006. Parsytec AG (ISIN DE000A0JQ4J9), the world’s
leading producer of surface inspection systems for strip products, has
revised its forecast for the 2006 financial year. Revenues are now expected
to be in a corridor of EUR 23.5 – 25.5 million, incoming orders in a range
of EUR 22.0 – 25.0 million. The achievement of the targeted return on net
revenue (EAT) will to some extent depend on the actual revenue figure for
the year: if the upper range of the revenue corridor is reached, the aim
will be to slightly exceed the previously forecasted target value of 7.5%
EAT, while if revenues come in towards the lower end of the corridor, the
aim will nonetheless still be to post an improvement on the prior-year
value.
The changes to the forecast were necessitated by the course of the third
quarter. Impairments in incoming orders and revenues – not solely
attributable to established seasonal factors – had to be accepted, which
the company will not be able to offset in full in the fourth quarter.
Incoming orders of just under EUR 3 million and revenue of just under EUR 5
million were recorded for the third quarter. Despite this, on the basis of
information currently available, the company expects to post a further
positive net return on revenue in this quarter. The weakness in incoming
orders was seen in both the steel and paper markets and predominantly
manifested itself in delays in placing orders, which is why the company
only regards this weakness as a temporary development.
In the context of the above annual forecast for incoming orders and
revenue, the company expects to see a significant increase in business in
the fourth quarter. The net return on revenue (EAT) is also forecasted to
rise significantly once again.
The first estimates for 2007 will be published in December.
(c)DGAP 13.10.2006
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Language: English
Issuer: Parsytec AG
Auf der Hüls 183
52086 Aachen Deutschland
Phone: +49 (0)2419696-200
Fax: +49 (0)241 9696-500
E-mail: ir@parsytec.de
WWW: www.parsytec.de
ISIN: DE000A0JQ4J9
WKN: A0JQ4J
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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