euro adhoc: Jetter AG / Quarterly or Semiannual Financial Statements / Jetter further improves result from operations (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

Ludwigsburg, 25 November 2002 - Jetter AG (Neuer Markt: JTT) notes the ongoing success of its cost-savings. The quarter at 30 September, which is being reported today, had to absorb restructuring costs of KEUR 850, however. But this is a one-time effect and only partially cash-relevant and will lead to sustainable savings of considerable impact. Without these costs, result for the six months would have been in line with the same period of the previous year. Considering that in the previous year, Jetter had capitalised about EUR 1 Mio. of development cost, the improvement in the cost structure can clearly be seen. Development cost is no longer capitalised in the current year, because large portions of JetWeb development are meanwhile finished and the products being marketed. As of 2003, the savings from the restructuring will further improve the profit situation significantly.

Due to the economy, sales remain lacklustre and on last year’s level. In the first six months of the fiscal year, Jetter recorded sales of KEUR 6,897. EBIT for the six months is KEUR -2,434, including one-time restructuring costs of KEUR 850.

The complete interim report in electronic form is available at the websites of Jetter (http://www.jetter.de) and Deutsche Börse (http://deutsche-boerse.com).

For additional information please contact:
Jetter AG, Günter Eckert, CFO
Tel.: +49 7141-2550-514 Fax.: +49 7141-2550-555
E-Mail: geckert@jetter.de

Further inquiry note:
Günter Eckert
Tel: +49(0)7141 2550 0
FAX: +49(0)7141 2550 555
Email: info@jetter.de

end of announcement euro adhoc

Emittent: Jetter AG
Gräterstrasse 2
DE-71642 Ludwigsburg
Tel: +49(0)7141 2550 0
FAX: +49(0)7141 2550 555
Email: info@jetter.de
WWW: www.jetter.de
ISIN: DE0006264005
WKN: 626400
Indizes: CDAX Gesamtindex, CDAX Technology, Nemax All Share, Nemax Technology
Börsen: free trade Baden-Württembergische Wertpapierbörse, Berliner Wertpapierbörse, Börse Düsseldorf, Hamburger Wertpapierbörse; Neuer Markt Frankfurter Wertpapierbörse
Branche: Semiconductors & active components
Sprache: Englisch

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