Tecnomen holding corp. stock exchange release

INTERIM REPORT 1 JANUARY - 30 JUNE 2001 - Tecnomen Corporation's former parent company Kyro Corporation demerged on 31 March 2001 into Tecnomen Holding Corporation and the new Kyro Corporation. - As a result of the demerger, Tecnomen Holding Corporation became Tecnomen Corporation's parent company. - The net sales of Tecnomen Holding Group in the period 31 March to 30 June 2001 consisted of the net sales of Tecnomen Group and amounted to EUR 10.1 million. Pro forma net sales for January-June 2001 were EUR 25.1 million. - The Tecnomen Holding Group's pro forma operating result for January- June 2001 was EUR -5.4 million and was mainly affected by the loss incurred by Tecnomen Group. - The order book of Tecnomen Holding Group and Tecnomen Group grew from EUR 4.6 million at 31 March 2001 to EUR 7.6 million at 30 June 2001. - NET SALES AND OPERATING RESULT The first official financial period of Tecnomen Holding Corporation, set up as a result of the demerger of Kyro Corporation on 31 March 2001, is 31 March to 31 December 2001, and this is why the interim report shows the most important figures for the second quarter without the comparative data for 2000. Also shown in the interim report is the pro forma data of the income statement of the currently prevailing group structure of the Tecnomen Holding Group covering the period 1 January to 30 June 2001, as well as comparative figures for the Tecnomen Group covering the period 1 January to 30 June 2000. The pro forma net sales of the Tecnomen Holding Group during the period January-June amounted to EUR 25.1 million, which corresponds to the net sales of Tecnomen Group, as during this interim period the Tecnomen Holding Group was not engaged in operations that would have produced any actual net sales of its own. The Tecnomen Holding Group's pro forma operating result for January-June was EUR -5.4 million. The result was affected by Tecnomen Group's loss, which resulted from a slowing of the company's net sales growth and increased operating expenses. The pro forma result before extraordinary items of the Tecnomen Holding Group for the period 1 January to 30 June 2001 was EUR -5.0 million. The result per share of the Tecnomen Holding Group was EUR -0.10 and equity per share at the end of the interim period was EUR 1.45. The parent company Tecnomen Holding Corporation had no net sales of its own and its operating result was EUR -0.5 million, due mainly to non- recurring items resulting from preparations for the merger of Tecnomen Holding Corporation and Tecnomen Corporation. Tecnomen Holding Corporation's result before extraordinary items and taxes was EUR 0.8 million. Tecnomen Holding Corporation's dividend income from the year 2000 dividend distribution of Tecnomen Corporation was EUR 0.9 million. This has been eliminated from the income statement of the Tecnomen Holding Group. The net sales of Tecnomen Group for January-June 2001 amounted to EUR 25.1 million (24.0) and the operating result for January-June 2001 was EUR -4.9 million (-1.6). The result before extraordinary items for the interim period was EUR -4.5 million (-1.9). Earnings per share were EUR -0.10 (-0,02). Equity per share stood at EUR 1.54 (1.51). The order book of Tecnomen Group and of the Tecnomen Holding Group underwent positive development during the period April to June. At 30 June 2001 it was valued at EUR 7.6 million (10.2) compared with EUR 4.6 million at the end of the first quarter. ------------------------------------------------------------ Lisätietoja saat osoitteesta http://www.waymaker.fi Seuraavat tiedostot ovat ladattavissa: http://www.waymaker.net/bitonline/2001/08/16/20010816BIT00110/bit0001.doc The full report http://www.waymaker.net/bitonline/2001/08/16/20010816BIT00110/bit0001.pdf The full report