Press release BoxID: 134053 (Jetter AG)
  • Jetter AG
  • Gräterstraße 2
  • 71642 Ludwigsburg
  • Contact person
  • Günter Eckert
  • +49 (7141) 2550-514

Jetter announces semester with sales + 20 %, EBIT + 25 % - Ad-hoc announcement § 15 WpHG

(PresseBox) (Ludwigsburg, ) Sales of the Jetter group (ISIN: DE0006264005) rose by 20 % in the first fiscal semester, from KEUR 16,453 to KEUR 19,692. Due to orders that had been anticipated to the first quarter, second quarter sales were only KEUR 8,438 (previous year: KEUR 8,421).

EBIT for the semester was KEUR 1,357, 25 % more than the year before (KEUR 1,082). EBIT for the second quarter was KEUR -125 (previous year: KEUR 475).

EBIT was burdened by once-off special effects such as the strong increase in finished and unfinished goods of KEUR 759 (previous year: KEUR 8), which had an averse effect on material cost. Tax reform further burdened quarterly earnings with once-off accounting losses from deferred tax assets of KEUR 249. The consolidated result was KEUR -144 for the quarter and KEUR 1,043 for the semester (previous year: KEUR 504 and KEUR 1,093).

Order intake and October sales let management expect a marked improvement in the third and especially the fourth quarter. The original guidance of double-digit growth with a 10 % EBIT target is therefore upheld.

The quarterly financial report will be published on 09 November 2007 and will be available on the websites of Jetter ( und Deutsche Börse
( from then.