Press Release
Great interest by analysts in euromicron at the Small & Mid Cap Conference
- Recent studies inspire speculative hopes for shares in the network technology specialist:
- SES Research: euromicron: "buy", upside price target €26.00
- Independent Research: euromicron: "accumulate", upside price target €25.00
Frankfurt, April 6, 2006 - Around 50 institutional investors,
analysts and interested persons keenly followed the latest corporate presentation
"Network Competence" by Dr. Willibald Späth, Chairman of
euromicron AG’s Executive Board, at the Small & Mid Cap Conference
in Frankfurt on April 5, 2006.
"The response to our presentation was huge and the feedback highly
positive," is how Späth sums up the subsequent one-on-one talks
with international, institutional investors. "We fully achieved our
objective of illustrating our excellent positioning in the German growth
market of optical network technology, as well as our expansion strategy
abroad, to all interested parties."
The interest in euromicron AG was bolstered in recent studies by SES Research and Independent Research. The analysts of SES Research headed their analysis of the company with "euromicron: buy. Upside price target €26.00 – the company is making faster inroads with its focus on network and fiber optics." By concentrating on optical networks, euromicron boasted a broad application profile – from manufacture of sophisticated components to complex solutions. Following the change in shareholder structure (the former major shareholder sold its 80.22 stake in December 2005, increasing the free float to more than 90%), the company had the liquidity for further acquisitions to boost its value, in the assessment of the stock experts.
"Accumulate – continuation of the buy-and-build strategy" is how Independent Research titles its latest study. The conclusion: "Shares in euromicron have performed very well in the past weeks of trading (+19% relative to the SDAX 6M). At present, there is an upside potential of 9% on our price target of €22.50. Our vote is there "Accumulate" (formerly: buy)."
The two studies can be downloaded from www.euromicron.de/investor_relations/studien (in german).
euromicron AG (www.euromicron.de) is one of the leading manufacturers and solution providers in network and fiber optics technology. In fiscal 2004, the company generated sales of €110.8 million and posted a profit per share of €0.86 on a consolidated EBIT (earnings before interest and taxes) of €9.7 million.
If you have any questions, please contact:
| Dr. Willibald Späth
|
euromicron AG Speicherstr. 1 60327 Frankfurt am Main Tel.: +49 (0)69 / 631583-0 Fax: +49 (0)69 / 631583-20 E-Mail: |
During CeBIT 2006, you can contact Dr. Edgar Bernardi, member of the Executive Board, at the trade fair under the phone number +49 (0)172 / 29 00 289.