Elcoteq - zahlen, wie findet ihr sie? - 500 Beiträge pro Seite

[soccerholicnr1]

wie findet ihr die zahlen und den ausblick für die folgenden jahre?


Elcoteq Network Corporation’s Financial Statements Bulletin January 1 - December 31, 2000

- Net sales almost tripled to MEUR 2 213.5 (752.5)

- Operating profit quadrupled to MEUR 66.4 (14.5)

- EPS increased six-fold to EUR 1.38 (0.21)

- Return on capital employed 20.4 % (8.2 %)

- The Board proposes a dividend of FIM 2.25, i.e. approx. EUR 0.38 per share (FIM 0.65 i.e. approx. EUR 0.11)

- Net sales in 2001 will increase, result expected to be clearly positive.



Market conditions

Manufacturers of electronic end-products (OEMs) continued to outsource their production during 2000 and demand for electronics manufacturing services (EMS) showed further rapid growth. At the same time many European companies that had hitherto handled their own production, modified their manufacturing strategies to include outsourcing. Outsourcing has increased most rapidly in Elcoteq’s main market, communications electronics. Growth in the mobile phone markets was fast once again and an increasing proportion of these products were made by EMS companies. In the future construction of new wireless communications networks will accelerate, which will mean rapid outsourcing of these products as well.

Demand for electronics manufacturing services will continue to grow at an average rate of 28 % a year until 2004 according to Technology Forecasters, Inc. Outsourcing is expected to be most pronounced among companies engineering and manufacturing communications electronics equipment, which indicates that EMS companies serving this segment of the market will grow considerably faster than market growth on average. This is precisely the customer segment best served by Elcoteq’s expertise and production capacity.

Vigorous consolidation within the EMS sector through acquisitions and mergers was once again well in evidence during 2000. Heavy investments were also made in expanding EMS plant networks in different geographical regions.

Based on interim reports published by EMS companies during the year Elcoteq became one of the world’s ten largest EMS companies in 2000. Its global network of manufacturing plants, built up between 1998 and 1999, has mutually consistent systems, processes and operating procedures and the network offers modern and competitive capacity on three continents. Most of Elcoteq’s capacity is situated in Estonia, Hungary, Mexico and China, all countries that are highly cost-competitive.

The tight situation in the component markets early in the year began to ease gradually during the third quarter. The availability of many radio frequency components improved as these manufacturers brought new capacity investments into production. The availability of semi-conductors and passive components, however, remained tight to the end of the year. Component availability is expected to return to normal during 2001.



Net sales and performance

Consolidated net sales almost tripled during 2000 as planned, increasing 194 % to MEUR 2,213.5 (752.5). Most of the growth in net sales during 2000 was attributable to the increase in Elcoteq’s production capacity, notably at the plants in Tallinn, Hungary, Mexico and China.

Elcoteq’s principal customers were companies belonging to the ABB, Danfoss, Ericsson, Kone, Nokia and Philips groups. Ericsson and Nokia companies contributed altogether 92 % (87 %) of Elcoteq’s net sales. Mobile phones and their accessories accounted for 75 % (75 %) of net sales; communications network equipment for 7 % (8 %), industrial electronics for 4 % (8 %), and other electronics manufacturing for 14 % (9%).

The Group’s profits and its profitability, measured in terms of return on capital employed, both showed a distinct improvement. The consolidated operating profit rose on the previous year by 358 % to MEUR 66.4 (14.5) and represented 3.0 % (1.9 %) of the year’s consolidated net sales. Return on capital employed (ROCE), a central measure of the company’s profitability, was 20.4 % (8.2 %) at the year end and return on shareholders’ equity was 19.3 % (5.4 %). Earnings per share increased to EUR 1.38 (0.21). The operating margin (operating profit as a percentage of net sales) was steady throughout the year and the improvement on the previous year was mainly attributable to higher capacity utilization.

The consolidated profit before extraordinary items and taxes was MEUR 54.4 (9.8). Net financial expenses totaled MEUR 12.1 (4.6). The main reasons underlying the increase in net financial expenses were the growth in working capital arising from the company’s expanded business volume, the expenses associated with the share issue in May, and a general increase in interest rates.

The company posted a net profit after taxes and minority interest of MEUR 37.2 (5.0). Income tax during the year totaled MEUR 15.6 (3.6).

The heavy expansion in manufacturing capacity raised depreciation by 94 % on the previous year to MEUR 34.7 (17.9).

The balance sheet total rose 83 % to MEUR 801.4 (438.1). Capital expenditure raised fixed assets to MEUR 182.2 (98.7) at the year end. Accounts payable at the close of the period were MEUR 295.7 (190.3) and stocks were MEUR 300.5 (142.4), which included component stocks totaling MEUR 265.6 (128.0). Accounts receivable totaled MEUR 239.4 (162.9).

The Group had 11,371 employees at the end of the year. Personnel expenses increased 107 % on the previous year to MEUR 107.9 (52.1). Most of the increase took place in Hungary, China and Mexico.

Capital expenditure

Gross capital expenditure totaled MEUR 125.7 (50.2), in addition to which the company concluded new operating lease contracts amounting to MEUR 26.6 (5.4). The bulk of investments applied to the plants in Hungary and Beijing, China.

The global plant network

As a result of Elcoteq’s globalization program in 1998-1999 the company’s plant network now covers three continents – Asia, Europe and America – enabling the company to offer its services in all the main markets of its customers. At the end of 2000 Elcoteq had more than twice as much plant floor area in use or under construction than one year earlier. Manufacturing floor area at Elcoteq’s disposal at the end of 2000 totaled approximately 150,000 (69,000) square meters.

The expansions at the Tallinn and Lohja plants – 7,100 square meters and 2,200 square meters respectively – were completed during the second half of 2000. In July Elcoteq decided to build a new 6 300-square-meter plant in Tallinn to manufacture communications network equipment. This plant is part of the company’s plan to strengthen its position as an EMS company in the communications network electronics sector. The new plant will be brought into production during the first quarter of 2001. Elcoteq has already taken a decision to expand this plant to cover altogether 15,000 square meters.

In April Elcoteq acquired the operation in Vaasa, Finland, assembling electronic modules for medium-voltage protection relays from ABB Substation Automation Oy. Elcoteq is now responsible for all electronics manufacturing related to these ABB products.

The plant in St. Petersburg, Russia, manufactures mainly industrial electronics and mobile phone accessories. Elcoteq will continue to evaluate the feasibility of expansion in St. Petersburg.

On January 1, 2000 Elcoteq took over the operations of the German EMS company Stephan Elektronik as well as this company’s plants in Überlingen, Germany, and Wroclaw, Poland, as well as a customer service center in Beringen, Switzerland. This transaction strengthened Elcoteq’s position in Europe and especially in Germany, where companies are just beginning to outsource electronics manufacturing.

Elcoteq has decided to build a new plant in Wroclaw, Poland, with a floor area of about 11,000 square meters to increase its capacity to manufacture communications network equipment electronics and industrial electronics.

Elcoteq acquired a 35,000-square-meter PC display manufacturing plant in Pécs, Hungary, from Nokia Display Products at the beginning of January 2000. This deal is helping Elcoteq to respond to growing demand for electronics manufacturing services in central Europe. Display manufacturing at the plant was discontinued, as planned, at the end of 2000 and the plant now concentrates on producing mobile phones and their accessories.

The Monterrey plant in Mexico, expanded in 2000, has over 18,000 square meters of floor area.

In July Elcoteq was the first international EMS company to start production in the capital of China. The company leased 12,000 square meters of plant space, where it manufactures subassemblies for mobile phones and communications network equipment for customers including Ericsson and Nokia. The plant in Dongguan was expanded by 4,000 square meters during 2000. These expansions more than doubled Elcoteq’s manufacturing floor area for the Chinese mobile phone market, one of the largest and fastest growing in the world. Elcoteq now has altogether 24,000 square meters of plant floor area in China, half of which is in Beijing and half in Dongguan. The company also has a unit in Hong Kong focusing on customer service, material flow and repair.

New operating model

In November Elcoteq’s Board of Directors decided to split the company’s operations into three business areas: Terminal Products, Communications Network Equipment and Industrial Electronics. The principal goal of this change is to increase Elcoteq’s closeness to its customers and operational flexibility. It also enables Elcoteq to develop its services in a more focused way to meet the varied requirements of its different customer segments.

Financing

The Group’s liquidity remained strong throughout the period. The solvency ratio was 35.1 % (31.7 %) at the end of the period, having been boosted during the year by share issues and good profitability.

The Group’s cash reserves on the balance sheet date were MEUR 31.8 (20.5), in addition to which the company had unused credit lines totaling MEUR 155.7 (114.6).

Interest-bearing debt totaled MEUR 182.3 at the year end, 78 % of which comprised variable interest loans. Interest-bearing debt carried average interest of 5.4 % at the year end.

In February 2000 Elcoteq decided to exercise its right to redeem the FIM 110 million convertible capital notes, issued in December 1996, ahead of schedule. All the note holders decided to convert the notes into Series A shares instead of taking repayment, which raised the number of Elcoteq A shares by 1,366,452.

The Group’s operations are international and therefore sensitive to exchange rate risks. The Group’s policy is to hedge its major open foreign exchange exposure. On the balance sheet date the balance sheet contained certain unhedged translation risks related to foreign subsidiaries. The foreign exchange exposure of these items is not expected to be significant, however. The purchasing and sales positions are hedged using mainly forward foreign exchange and option contracts with a maturity of at most four months. Loans raised in foreign currencies are generally hedged using swap contracts.

Share issues, shares and shareholders

On May 25, 2000 Elcoteq’s Board of Directors decided, as authorized by the Annual General Meeting, to raise the Company’s share capital by 7,600,000 Finnish markka (MEUR 1.3) by issuing 3,800,000 new Series A shares. The share price was EUR 21 per share. The lead managers of the share issue subsequently exercised their right to increase the number of new Series A shares offered for subscription by 330,000 shares. Consequently, altogether 4,130,000 new A shares were issued.

Following the share issue in May-June, the authorization granted to Elcoteq’s Board of Directors by the AGM still covered an increase in share capital by a further 533,000 Series A shares. These shares were sold to international and Finnish institutional investors for EUR 35 per share on September 7, 2000. At the same time Elcoteq’s three principal shareholders sold altogether 600,000 of their A shares.

The subscription period for the ”A” warrants of the 1997 Bond with Warrants began on September 1, 2000. By the end of the year, a total of 143,950 new A shares had been registered with these warrants raising Elcoteq’s share capital by FIM 287,900.

Elcoteq Network Corporation had 7,957 registered shareholders at the end of 2000.
There were altogether 8,308,576 nominee-registered or foreign-registered A shares, i.e. 28.2 % of the shares and 6.7 % of the voting rights.

The Year 2000 project

The company carried through its Year 2000 project as planned and the company’s operations were unaffected by the change of millennium.

Group structure

The Group’s parent company is Elcoteq Network Oyj (Elcoteq Network Corporation in English). During the review year Elcoteq established Beijing Elcoteq Electronics Co. Ltd. It acquired Stephan Elektronik Sp Z.o.o. in Poland and renamed this company Elcoteq Poland Sp Z.o.o. In Hungary Elcoteq acquired a PC display manufacturing plant (Elcoteq EMS Hungary Electronics Ltd) from Nokia Display Products and this company was merged with Elcoteq Hungary Electronics Ltd at the end of 2000.

At the end of the year all the Group’s subsidiaries were wholly owned by the parent company, Elcoteq Network Corporation, or its subsidiaries, except Dongguan Elcoteq Electronics Co. Ltd in which Elcoteq’s local partner holds a 30 % minority stake.

Board of Directors and President

The Annual General Meeting of Elcoteq Network Corporation was held in Helsinki on March 22, 2000. The number of Board members was raised to six, having previously been five. The Meeting elected the following to the Board until the close of the following AGM: Mr Martti Ahtisaari, Mr Antti Piippo, Mr Heikki Horstia, Mr Henry Sjöman, Mr Juha Toivola and Mr Jorma Vanhanen. The Board elected Antti Piippo as the executive chairman and Juha Toivola as deputy chairman. Martti Ahtisaari, Antti Piippo, Heikki Horstia and Juha Toivola constitute the Board’s Review and Compensation Committee. In the autumn of 2000 a Working Committee was established consisting of Antti Piippo, Henry Sjöman, Jorma Vanhanen and Tuomo Lähdesmäki.

The parent company’s president for the whole year was Mr Tuomo Lähdesmäki MSc (Eng.), MBA.

Auditors

The company’s auditors are the firm of authorized public accountants KPMG Wideri Oy Ab under the supervision of principal auditor Mr Birger Haglund, APA.

Personnel

Elcoteq’s personnel increased during 2000 by 5,224 employees, making a total of 11,371 at the year end: 1,416 in Finland and 9,955 outside Finland. The number of employees almost doubled compared to the end of 1999 when the company had altogether 6,147 employees. The Group had 9,630 (4,733) employees on average during the year.

Subsequent events

Following the announcement on January 26, 2001 by Ericsson, a major Elcoteq customer, concerning the restructuring of Ericsson’s mobile phone operations, Elcoteq and Ericsson reached agreement on January 31, 2001 to continue and increase their close manufacturing co-operation whereby Elcoteq will take a substantially larger role in providing electronics manufacturing services for Ericsson’s mobile systems products. This agreement will increase the proportion of the rapidly growing communications network system business in Elcoteq’s operations. The shift in direction will reduce the volume of business activity between the two companies during the first half of 2001 but business volumes will begin to increase again clearly towards the end of the year. Elcoteq has also started to sell its newly released manufacturing capacity to other customers. At the same time the company is making preparations to adjust its capacity to the temporary reduction in demand.


Prospects for 2001

The electronics manufacturing services markets, and in particular outsourcing of mobile phone and communications network equipment manufacture, will continue to show further strong growth.

The structure of Elcoteq’s business operations will change with the effect that the company expects manufacturing of electronics for communications network systems to increase during 2001 and especially during 2002. Net sales during the first half of 2001 are likely to remain on the same level as in the corresponding period last year, which will temporarily weaken profitability. The company’s full-year net sales will increase, however, and the Group’s result of operations in 2001 will be clearly positive.

Board’s dividend proposal

The Board of Directors bases its annual dividend proposal on the company’s dividend policy, the Group’s performance and its development needs.

The Group’s distributable funds on the balance sheet date totaled FIM 320,843,484 (EUR 53,962,000). The parent company recorded a net profit of FIM 183,764,483 markkaa (EUR 30,906,967). Retained earnings from previous years totaled FIM 100,174,171 (EUR 16,848,086).

The Board will propose to the Annual General Meeting that the parent company pay a dividend of FIM 2.25, i.e. approx. EUR 0.38 per share (FIM 0.65, i.e. approx EUR 0.11), making a total dividend of FIM 66,356,217, i.e. EUR 11,160,315. After this the parent company’s distributable funds will total FIM 217,582,437, i.e. EUR 36,593,739.


The full report including tables is available to download from the enclosed link.


ELCOTEQ NETWORK CORPORATION’S


Helsinki, February 1, 2001

Board of Directors

Conversion rates:

The following average conversion rates are used in this interim report:
1 EUR = FIM 5.94573
1 EUR = USD 0.9305
1 USD = FIM 6.389823


ELCOTEQ NETWORK CORPORATION

Osmo Kammonen
Group Vice President, Communications and Investor Relations

Further information:
Mr Tuomo Lähdesmäki. President, [phone]
Mr Osmo Kammonen, Group Vice President, [phone]

Press and media conference at 12.00 (EET) on February 2, 2001

Elcoteq will hold a press conference for media representatives in the World Trade Center (cabinets 7-8, 3rd floor) in Helsinki starting at 12.00 Eastern European Time on Friday February 2, 2001.

Press conference and conference call in English for analysts and fund managers at 2.00 pm EET on February 2, 2001

A separate conference and conference call will be held in English for analysts and fund managers in the World Trade Center (cabinets 7-8, 3rd floor), Aleksanterinkatu 17, Helsinki, starting at 2.00 pm Eastern European Time (12.00 UK time) on February 2, 2001. To participate by phone, please call [phone], code Elcoteq. A taped recording of the teleconference will be available for three days after the call on [phone], code 640312.

Elcoteq Network Corporation’s Financial Statements Bulletin January 1 - December 31, 2000



laut elcoteq.com gibts auch bald optionsscheine....

[reichinrente]

Die Zahlen von 2000 sind Klasse: Umsatz verdreifacht - Profit versechsfacht.
Ausblick: Vorsichtig optimistisch ist eigentlich negativ - positiv ist jedoch das die Planzahlen deutlich übererfüllt wurden und das man das daher auch für die Zukunft erwarten kann.
Mein Fazit: Guter Kauf - nicht ganz so spannend wie LBC aber bestimmt eine Schlafgutaktie mit Potential für + 40 bis 50 %.
RiR

[Webboris]

Die Experten des Berliner Börsenbriefes halten die Elcoteq Aktie für eine 100% Chance.

Die Nachricht, derzufolge Ericsson seine Handyproduktion in die Hände der Firma Flextronics geben würde, habe den Kurs der Elcoteq halbiert.

Elcoteq und Ericsson seien jedoch übereingekommen, dass Elcoteq künftig nicht mehr Handys, sondern Mobilfunksysteme im Rahmen des Infrastrukturgeschäftes von Ericsson produzieren werde. Zwar werde das Volumen geringer ausfallen als bei den Handys, jedoch dürfe die Gewinnqualität deutlich besser ausfallen, da bekanntermassen das Infrastrukturgeschäft von Ericsson hochprofitabel sei. Zudem sei auf lange Sicht (UMTS) mit höherem Produktionsvolumen zu rechnen.

Ausserdem seien die gerade verkündeten Geschäftszahlen für 2000 sehr gut ausgefallen: Verdreifachung des Umsatzes (2,2Mrd Euro) und Versiebenfachung des Gewinns (37,2 mio Euro). Zwar erwarte man für das erste Halbjahr 2001 wie die gesamte Branche Stagnation beim Umsatz und geringe Profitabilität; auf das Gesamtjahr gesehen rechne man jedoch mit einem Wachstum bei Umsatz und Gewinn.




06.02.01 17:29 -mr-
Kurzzusammenfassung des Pressestatements
Quelle: Berliner Boersenbrief Rating: 100% Chance
Kursziel: k.A. KGV 01e: 5,24
Besprechungskurs: 14,60 Euro WKN: 910489


cu Webbie

[soccerholicnr1]

was ist los? warum dieser einbruch..?
gibts nachrichten?

[soccerholicnr1]

seit der nachricht gehts bergab....ist aber eigentl. eine positive..verbunden mit der kaufempfehlung sollte es eigentl. schnell wieder raufgehn.

Wirtschaft in Kürze
vom Montag, 5. Februar 2001
ABB verkauft Produktionseinheit für Industrieelektronik

Zürich - Der Technologiekonzern ABB verkauft die Schweizer Produktionseinheit für Industrieelektronik in Turgi (AG) an die finnische Elcoteq. Elcoteq übernimmt sämtliche 300 Mitarbeiter. Mit dem Verkauf will sich ABB verstärkt auf den Automatisierungsbereich konzentrieren. Angaben zum Preis wurden nicht gemacht. Das Werk Turgi erwirtschaftete 2000 einen Umsatz von über 98 Millionen Franken. (AP)

quelle ist yahoo.de

[tradit]

hab heute nachgekauft, auf lange frist kann sich das schweizer engagement nur auszahlen (diversifizierung), übrigens ist es meist so, dass die kurse des käufers am tage der aquisition fallen, ausserdem war die komplette finnische telekom-sparte heute dick im minus. mein urteil: strong buy

[ecc83]

Ebenso ! VIEL BESSER ALS z.B. NOKIA !!

[ecc83]

Jetzt sollte der Tiefpunkt erreicht sein.
Heute steigt sie schon wieder !!
Viel Erfolg !

[tradit]

Elcoteq`s Board of Directors will propose to the Annual General
Meeting on April 13, 2001 that the AGM decides on initiating a new
stock options scheme, authorizes the Board to raise the share capital
through a rights issue, authorizes the Board to purchase and dispose
of the Company`s own shares, and restates the share capital in
euros.


ELCOTEQ NETWORK CORPORATION`S NEW STOCK OPTIONS 2001

The Board of Directors of Elcoteq Network Corporation resolved in its
meeting on February 13, 2001 to propose to the Annual General Meeting
of Shareholders to be held on March 14, 2001 that warrants be issued
to the key personnel of the Elcoteq Network Group and to a
wholly-owned subsidiary of Elcoteq Network Corporation. The number of
warrants issued will be 2,685,000. At most 537,000 new Series A
shares could be subscribed annually under these warrants in five
successive years commencing on April 1, 2002. The warrants will cease
to be valid on April 30, 2007. The share subscription price for all
warrants shall be the trade volume weighted average quotation of the
Elcoteq Network Corporation A-share on the Helsinki Exchanges between
March 1 and March 31, 2001.

The purpose of the warrants is to encourage the key personnel to work
on a long-term basis in order to increase the shareholder value. The
purpose of the warrants is also to commit key personnel to the
employer; employees whose employment with the Company ends before
April 1, 2006 for reasons other than retirement or death will be
required to offer back to the Company without consideration those
warrants whose subscription period has not commenced.

The Board`s proposal, the terms and conditions of the stock option
scheme and the auditor`s statement on this matter are attached as
appendices to this bulletin.

AUTHORIZATION TO ISSUE SHARES

The Board of Directors proposes that an authorization be granted by
the Annual General Meeting to float one or several convertible bond
loans and/or to issue stock options and/or to raise the share capital
through a rights issue.

The Board`s proposal is as follows:
The Board of Directors is authorized to float one or several
convertible bond loans and/or to issue stock options and/or to raise
the share capital in one or several installments through a rights
issue. When issuing convertible bonds, stock options or new shares
the Board shall be entitled to issue at most 5,898,330 new series "A"
shares for subscription. However, the valid and unexercised
authorizations of the Board of Directors concerning the total number
of share capital increases and the votes carried by the new shares
issued shall not exceed one-fifth of the Company`s total registered
share capital and aggregate number of votes carried by the shares at
the time of the authorization and the Board`s decision to raise the
share capital. The Company`s share capital may be increased by at
most EUR 2,359,332 under this authorization.

The authorization contains the right to disapply the pre-emptive
rights of shareholders, referred to in Chapter 4 §2 of the Finnish
Companies Act, to subscribe for new shares, convertible bonds or
stock options, as well as the right to decide on the prices of such
subscriptions, those entitled to make subscriptions, the terms and
conditions of subscription, and the terms and conditions of the
convertible bonds and stock options. The Board is permitted to
disapply shareholders` pre-emptive subscription rights on condition
that the company has sound financial grounds for doing so, such as
financing an acquisition, other development of the company`s business
operations or capital financing arrangements, or incentive schemes
for personnel. Should the share capital be raised by the issue of new
shares, the Board of Directors shall be entitled to decide that the
shares may also be subscribed through payment of consideration in
kind or on other specific conditions. The Board may not exercise this
authorization in the interests of a member of the Company`s inner
circle.

PURCHASE AND DISPOSAL OF OWN SHARES

The Board proposes that the AGM authorize the Board for one year from
the close of the AGM to purchase the Company`s own Series A shares in
one or more installments using the Company`s distributable funds,
otherwise than in proportion to shareholders` holdings, and in public
trading at the price prevailing at the time of purchase. The
aggregate nominal value of the purchased shares, and the votes
carried by them, may not exceed five (5) percent of the Company`s
total share capital and number of votes. Shares may be purchased for
use as consideration in possible corporate acquisitions or other
corporate arrangements. Holders of Series K shares have given their
consent to the Board`s proposal.

The Board proposes that the AGM authorize the Board for one year from
the close of the AGM to dispose of the Company`s own Series A shares
purchased under the above-mentioned authorization in one or more
installments, disapplying the pre-emptive rights of shareholders. The
aggregate nominal value of the surrendered shares, and the votes
carried by them, may not exceed five (5) percent of the Company`s
total share capital and number of votes. Shares may be surrendered
for use as consideration in possible corporate acquisitions or other
corporate arrangements, or they may be sold in public trading. In
public trading, the shares shall be surrendered at the price
prevailing in each case.

RESTATING OF THE SHARE CAPITAL IN EUROS

The Board proposes to the AGM on March 14, 2001 that the Company`s
share capital and the nominal value of the shares be restated in
euros through a share capital increase totaling EUR 1,878,267.66. The
new share capital will total EUR 11,808,520.80 divided into
29,521,302 shares with a nominal value of EUR 0.4 per share.
Following the increase in share capital, the Company`s share capital
will be minimum five million (5,000,000) euros and maximum twenty
million (20,000,000) euros.

Furthermore, the Board proposes that articles 3, 4, 14, 15, and 17 of
the Articles of Association applying to the share capital and nominal
value of the shares be amended to correspond with the said euro
changes and the provisions of the Finnish Companies Act.


hat jemand ne ahnung wie sich diese kapitalerhöhung auf den kurs auswirken wird?

[olivetty]

Hab auch noch 200 stk im Depot
Die Kapitalerhöhung ist meines Erachtens ein Mitarbeiterprogramm, sofern ich das Englisch richtig interprediert habe.
Gabs bei SAP auch schon mal.
Die MA von Elcoteq können günstig Aktienoptionen erwerben und die sind 7 Jahre gesperrt.
Es werden bei guten Gewinnlagen die MA entsprechend beteiligt, was sich etwas bremsend auf den Kurs auswirken kann, da Teile der Gewinne an die MA gehen. Andereerseits sind solche Programme zum Anspon für gute Leistungen und Erkennung von Einsparungspotenzial gedacht. Ist auch net übel wenn die MA mitdenken und unternehmerisch handeln.

Oli

[Jefferson1]

Kostolany rät in seinem Buch: nach einen "Börsenkrach"
empfiehlt es sich eher die kleinen Unternehmen zu kaufen,
die sehr stark verkauft wurden und fast nichts mehr
wert sind... Das sei besser als Optionen...
Diese Werte sollten aber auch überzeugen und gut gemanagt sein...
Ich glaube Kostolany würde bei Elcoteq einsteigen...
Eigentlich ist ja alles so, wie´s aus seiner Sicht
seien sollte, oder?


Aktuelle Daten 01.03.2001

Aktueller Kurs 10,45

KGVe (Kurs auf Vortagesbasis)
(Jahresbasis) 7,83
(2001

[tradit]

was geht denn heute ab? mit den divi-zahlungen und einsparungen von nokia bei den zulieferen kann das alleine nicht zu erklären sein. weiss jemand was?

[Hopi1]

Mahlzeit,

mein allererster Eintrag hier im Board (lese aber schon seit über zwei Jahren regelmäßig).

Kurz zum Thema:

ich bin von Elcoteq auch ziemlich begeistert und denke, dass sie sich auch in den kommenden Jahren gut entwickeln werden. Allein die Kennzahlen sprechen schon für sich:
KUV: 0,15
KGV: ca. 5 (auch wenn der Gewinn im kommenden Jahr nicht sehr stark wachsen wird, sind diese Zahlen i.V. zu anderen Werten wie z.B. Balda unübertroffen günstig)

Es können eigentlich nur zwei Dinge passieren:

1. Die anderen Werte wie Balda werden sich (leider) in ihrer Bewertung nach unten anpassen.

2. Elcoteq wird sich in seiner Bewertung nach oben hin anpassen.

ich denke mal, wir werden einen mittelweg zwischen beiden möglichkeiten sehen. wie dem auch sei, bei ca. 8,5 werde ich mir meine 500 Elcoteq ins Depot legen und a la Kostolany erst mal nicht mehr drauf schaun.



Gruß, Hopi1

[ecc83]

Ganz meine Meinung !
Ein Geheimtip ! Habe auch gerade nachgekauft !

Viel Erfolg !

[Webboris]

Keskiviikko, 28.03.01 15:06

ELCOTEQ TO MANUFACTURE CELLPORT SYSTEMS’

004829Elcoteq Network Corporation Press Release March 28, 2001


ELCOTEQ TO MANUFACTURE CELLPORT SYSTEMS’ PATENTED UNIVERSAL
HANDS-FREE SYSTEM

Contract calls for multi-year outsourced manufacturing in
Elcoteq’s Monterrey, Mexico facility

Elcoteq Network Corporation has entered into a multi-year
agreement with Boulder, Colo.-based Cellport Systems to
manufacture the company’s patented universal hands-free
system for mobile phones.

Elcoteq’s Monterrey, Mexico facility is the sole manufacturer
of the Cellport 3000 system, which uses a phone-specific
Pocket Adapter and Universal Docking Station to accommodate
different manufacturers and models of phones in one vehicle.
Cellport Systems is one of the leading providers of in-
vehicle wireless communications and telematics systems.

“We chose Elcoteq to manufacture Cellport 3000 because of the
company’s broad, global experience in building sophisticated
and diverse wireless products,ö said Cellport Chairman and
CEO Pat Kennedy. “Elcoteq’s sophisticated manufacturing
processes will be a successful match for our aggressive
product rollout.ö

Cellport joins Elcoteq’s impressive client list, including
ABB, Benefon, Ericsson, Motorola, Nokia and Philips.

Cellport will use Elcoteq’s dedicated, customer-specific
project management team tasked with handling pre-
manufacturing services. Elcoteq will also direct materials
sourcing and purchase, logistics and manufacturing services
for the Cellport 3000.

“The market for hands-free systems is expected to grow
rapidly, and Elcoteq is pleased to be working with Cellport
to meet consumer demand,ö said Ilkka Pouttu, president of
Elcoteq Inc. “Elcoteq’s experience in wireless
telecommunications equipment manufacturing, plus our ‘co-
evolution’ philosophy helps customers manage the entire
lifecycle of their products. This approach supports Cellport
Systems in bringing consistently high-quality products to the
public.ö

Kennedy said he predicts the first year of production of the
Cellport 3000 will create $20 to $50 million in product
revenue with significant, incremental increases in subsequent
years. Currently, he said, hands-free systems are a $3
billion market. By 2005, Kennedy said he expects legislation
and automotive companies’ plans to include hands-free
technology as standard equipment in vehicles will boost the
market to $7 to $10 billion a year.

Jonathan Lawrence, a research analyst on automotive
technology with Dain Rauscher Wessels, reports that
approximately 15 million hands-free systems will be sold
worldwide this year. By 2005, he predicts demand will
increase to 30 to 45 million units per year.

Established March 1999, Elcoteq’s over 18,000-square-meter
manufacturing facility in Monterrey, Mexico, delivered the
first Cellport 3000 systems to market in late February 2001.

ELCOTEQ NETWORK CORPORATION

Osmo Kammonen
Group Vice President

[Hopi1]

na also,

die nachricht ist doch schon wieder positiv. ich habe mir von dem geld, dass ich für elco geplant habe erst mal splendid medien gekauft. wenn ich die morgen aber wieder verkaufen muss, sind ein paar elcos zu vielleicht 7,5 ein wirkliches schnäppchen, oder?


PS: KGV lt. BO von 3-4 für das laufende jahr. das kuv tendiert langsam in richtung 0,1.

ich denke, die schere wird sich in den kommenden 6 monaten schließen.


gruß, hopi

[Hasu]

Anscheinend gibt es keine Neuigkeiten mehr bei Elcoteq, oder die Resignation der Boardteilnehmer ist schon so groß, dass man sich an die eigenen positiven Einschätzungen nicht mehr erinnern will. Leute, lasst den Kopf nicht hängen. Elcoteq kommt schon wieder. Irgendwo habe ich gelesen, dass E. die Zusammenarbeit mit Ericsson verstärkt hat. Ob das nun positiv ist weiß ich nicht, aber wenn es Ericsson wieder besser geht, dann kommt auch Elco wieder.
Übrigens, wann gibt es denn Zahlen von Elcoteq?

[tradit]

hab auch keine ahnung wann die zahlen kommen, warte auf die hugin-mail.
irgendwie kommen die nicht richtig zum laufen. jede gute nachricht gab nur vorübergehend auftrieb.
igendwie scheint die fantasie draussen zu sein, vielleicht liegts daran, dass der anteil der margenstarken handheld-produktion im vergleich zur allgemeinen elektronik/systemfertigung gefallen ist.

aber auch das ändert sich wieder.

[ecc83]

Super NEWS !! KURS STEIGT BEREITS GEWALTIG !!

Published: 08:48 04.05.2001 GMT+3 /HUGIN /Source: Elcoteq Network Oyj
/HEX: ELQ /ISIN: FI0009006738

Elcoteq to manufacture Andrews base station antennas in Tallinn,
Estonia



Elcoteq Network Corporation and Andrew Corporation (Illinois, USA)
have signed an agreement concerning the manufacture of Andrew`s
PerforMax(TM) base station antennas and HELIAX cable assemblies in
Elcoteq`s Tallinn plant in Estonia. Manufacturing has started in May
2001.

Andrew PerforMax base station antennas meet the strict specifications
of global operators and base station manufacturers. The latest entry
in the PerforMax family is designed specifically to meet the unique
requirements of third generation (3G) networks. PerforMax is a
trademark and HELIAX is a registered trademark of Andrew Corporation.


"A major target of our PerforMax base station antenna product line is
Europe, where the introduction of 3G mobile communications systems is
growing rapidly,` said Jim Giacobazzi, Vice President Base Station
Antennas, Andrew Corporation. "This move positions bulk antenna
production closer to our customer base which includes major
manufacturers such as Nokia and Ericsson. It means we can get
antennas to our customers quickly and more cost-effectively.`

Andrew researched a number of locations across Europe before
selecting Elcoteq`s Estonian facility. "We were impressed with
Elcoteq`s track record of providing engineering and manufacturing
services and their supply chain management,` added Giacobazzi. "Also,
Elcoteq`s Tallinn facility is just 80 kilometers from Finland and
there are excellent road, rail, and air connections to other European
countries.`

"We are glad that Andrew chose Elcoteq as their manufacturing
partner. The new deal will strengthen Elcoteq`s position as a major
global supplier of demanding mobile infrastructure equipment and
systems, an area where cost effective assembly and testing as well as
thorough product knowledge and RF expertise are required. Elcoteq has
skilled people and modern capacity in the right places. In this case
the services will be provided by our new Tallinn plant, which was
opened during Q1 this year. We believe that our expertise in
manufacturing communications network equipment products as well as in
other wireless communications products will greatly benefit Andrew`,
says Mr Jouni Hartikainen, Group Vice President, Communications
Network Equipment.

Andrew Corporation is a global supplier of communications systems
equipment and services. Major markets are wireless communications -
which include cellular, personal communications services, and land
mobile radio - broadcast, and common carrier. Andrew Corporation`s
common stock trades on The Nasdaq Stock Market .



For more information
Mr Jouni Hartikainen, Group Vice President, Communications Network
Equipment
Tel. [phone]



ELCOTEQ NETWORK CORPORATION

Osmo Kammonen
Group Vice President, Communications and Investor Relations

Elcoteq Network Corporation is a leading European electronics
manufacturing services company providing engineering and
manufacturing services, supply chain management and after-sales
services to international high-tech companies. The company has three
business areas, which are terminal products, communications network
equipment and industrial electronics. Elcoteq has manufacturing
services plants in Finland, Estonia, Russia, Hungary, Poland,
Germany, Switzerland, Mexico and China, as well as customer service
centers in Denmark, Switzerland, the USA, Japan and Hong Kong.
Elcoteq`s consolidated net sales in 2000 totaled over 2,200 MEUR and
the company has 11,000 employees. Elcoteq Network Corporation was
listed on the Helsinki Exchanges (ELQAV) in 1997. More information on
the company at www.elcoteq.com.





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