March 02, 2015 4:45 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Jetter AG

Company Overview

Jetter AG provides control solutions for various applications in machine and plant engineering, and mobile automation primarily in Germany. It offers automation solutions consisting of controllers; peripheral devices, such as modules and submodules; motion systems, including amplifiers, servo amplifiers, and servo motors; alphanumeric and full-graphics HMIs; and industrial computers, as well as programming and visualization software. The company also provides mobile automation products comprising controllers, peripheral devices, drives, HMIs, special function modules, software, and special solutions. It also has operations in China, Switzerland, and the United States. The company was founded...

Graeterstrasse 2

Ludwigsburg,  71642

Germany

Founded in 1980

Phone:

49 71 412 5500

Fax:

49 71 412 5504 25

Key Executives for Jetter AG

Chairman of Management Board, Chief Executive Officer and President
Age: 51
Founder and Member of Supervisory Board
Age: 58
Chief Financial Officer and Member of the Management Board
Compensation as of Fiscal Year 2014.

Jetter AG Key Developments

Jetter AG Announces Earnings Results for Fiscal Quarter and Nine Months Ended December 31,2013; Provides Earnings Guidance for Fourth Quarter of Fiscal Year 2014

Jetter AG, announced earnings results for fiscal quarter and nine months ended December 31,2013. For the quarter, the company reported loss per share were EUR 0.49 compared to earnings per share of EUR 0.05 for the same period last year. Two major trade fairs and consultancy costs further burdened the quarter, was driving LBIT to EUR 911,000. For the nine months, the company reported sales of EUR 30.1 million, EUR 806,000 less than compared to EUR 31.2 million in the previous year, loss per share of 0.44 compared to loss per share of 0.06 for the same period last year. Two major trade fairs and consultancy costs further burdened the period, driving LBIT to EUR 708,000. These effects will not be set off in the last fiscal quarter until March 31, 2014. The company expected stable sales and a small profit in the fourth quarter. The initial targets for the year, however, will not be attained.

Jetter AG Announces Management Changes, Effective 31 December 2013

Bucher Beteiligungsverwaltung AG decided to tender a voluntary public takeover offer to the shareholders of Jetter AG for their shares against a consideration of EUR 7.00 per share. The supervisory and management boards of Jetter AG support the takeover offer. Mr. Martin Jetter plans to resign from the management board of Jetter AG as of 31 December 2013 and to switch subsequently to the supervisory board. Mr. Christian Benz, member of the management board since 1 April 2013, shall succeed him as CEO.

Jetter AG Announces Sales Results for the Fourth Quarter and Full Year Ended March 31, 2013; Announces Earnings Guidance for the Fourth Quarter and Full Year Ended March 31, 2013

Jetter AG announced sales results for the fourth quarter and full year ended March 31, 2013. The company suffered a setback of sales, mainly through deferment of major projects and the bankruptcy of a major customer. Sales were EUR 9 million for the first quarter of 2013. For the year, the company reported sales of EUR 40 million. The company announced preliminary earnings results for the fourth quarter and full year ended March 31, 2013. At present, a loss of EUR 1 million is expected. For the year, the company is expecting a loss of EUR 1.2 million.

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