euro adhoc: Jetter AG / Quarterly or Semiannual Financial Statements / Jetter formalises Lumberg Co-operation, improves result (E)

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

Ludwigsburg, 13 February 2003 - Jetter AG (Neuer Markt: JTT) today reports its third business quarter ended 31 December, registering further results of its cost cutting measures. Although the traditionally weak third quarter brought no significant change in sales, operating loss was 8 % less than in the corresponding quarter of the previous year. Jetter expects another distinct improvement for the last quarter of the business year, because the cost cutting measures taken in the late summer of 2002 will yield their full potential as from January 2003.
In January 2003, the contracts finalising the co-operation with Lumberg Automation Components GmbH & Co. KG, announced in December, have already been signed, including the acquisition by Lumberg of a share in Jetter. The co-operation, which foresees among others a pooling of the respective sales organisations, will provide Jetter with a broadened global market access through a completed product portfolio, especially for JetWeb products, which are meanwhile proven in various projects.
In the first nine months of the business year, Jetter registered sales of KEUR 9,897. EBIT for the nine months was a loss of KEUR -5,566, after one-time restructuring costs of KEUR 850.
The complete interim report in electronic form is available at the websites of Jetter ( and Deutsche Börse (
For additional information please contact:
Jetter AG, Günter Eckert, CFO
Tel.: +49 7141-2550-514 Fax.: +49 7141-2550-555

Further inquiry note:
Günter Eckert
Tel: +49(0)7141 2550 0
FAX: +49(0)7141 2550 555

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
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