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Bucher Automation AG Thomas-Alva-Edison-Ring 10 71672 Marbach am Neckar, Germany https://www.bucherautomation.com
Contact Mr Günter Eckert +49 7141 2550514

The recession forces Jetter to adjust the 2009 outlook

(PresseBox) (Ludwigsburg, )
Based on the current order intake and information from customers, Jetter AG (ISIN: DE0006264005) expects the recession to have an impact on sales and result for the next 3-5 quarters.

For the current fiscal year ending on 31 March 2009, a double-digit sales growth is no longer expected; sales should nevertheless be higher than in the previous year. The result will be solidly positive, though lower than the year before.

In the following fiscal year, sales will probably decline. Based on secured contracts with stable new customers, management expects a return to the growth path of previous years in the fiscal year 2010/11, as well as sales above the current year. It has therefore decided not to extend already initiated cost-saving measures to lay-offs or short-time work, so as not to jeopardize long-term positive developments. EBIT for the year 2009/10 is expected to be low, but positive. Earnings expectations for 2010/11 are again significantly higher.
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.