PresseBox
Press release BoxID: 656057 (Jetter AG)
  • Jetter AG
  • Gräterstraße 2
  • 71642 Ludwigsburg
  • http://www.jetter.de
  • Contact person
  • Günter Eckert
  • +49 (7141) 2550-514

Jetter AG suffers a quarterly loss and will leave the stock exchange

(PresseBox) (Ludwigsburg, ) Jetter AG, Ludwigsburg, (ISIN: DE0006264005) publishes preliminary figures for the fiscal quarter ended 31 December 2013. In the nine months ended 31 December 2013, the Jetter group reached sales of 30.1 Mio. Euro, KEUR 806 less than in the previous year (31.2 Mio. Euro). A product recall in the quarter led to once-off costs of KEUR 482. Two major trade fairs and consultancy costs further burdened the quarter, driving EBIT to KEUR -911 for the quarter and KEUR -708 for the nine months. Deferred taxes led to an expense of KEUR 666. Earnings per share were EUR -0.49 for the quarter and -0.44 for the nine months (previous year: EUR 0.05 and -0.06).

These effects will not be set off in the last fiscal quarter until 31 March 2014. Management expects stable sales and a small profit in the fourth quarter. The initial targets for the year, however, will not be attained.

The listing of Jetter shares in the regulated market will end on 30 April 2014. Contrary to previous intentions, management has today decided not to apply for listing in the Entry Standard. From May 2014, Jetter shares will no longer be traded in the regulated market on the stock exchange.

The complete quarterly report will be published on 14 February 2014 and will be available at the websites of Jetter (http://www.jetter.de) and Deutsche Börse (http://deutsche-boerse.com).

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