FORTEC Elektronik Aktiengesellschaft: Reversal of Economic Trend in 1st Quarter 2010

FORTEC Elektronik Aktiengesellschaft / Quarter Results/Development of Sales20.05.2010 08:01Dissemination of a Corporate News, transmitted byDGAP - a company of EquityStory AG.The issuer / publisher is solely responsible for the content of this announcement.---------------------------------------------------------------------------FORTEC Elektronik AG now existing for more than 25 years and continuouslyworking without any losses, again achieved profit during the first 9 monthsof BY 2009/10.Turnover of 25.4 million EUR at an EBIT of 0.5 million EUR indeed was belowprevious year's figures of 33.3 million EUR of turnover and 2 million EURof EBIT. However, turnover in 3rd quarter (January to March 2010) of 9.9million EUR (prev.year 11.6 million EUR) and EBIT of 0.4 million EUR(prev.year 0.8 million EUR) confirmed the reversal of the economic trendduring this cycle.The worst market brake after the war should thus be over. The improveddevices combined with the increasing customers' projects indicate arecovery in the market.The company capital is 80 % of the balance sum, no bank obligations and acash-on-hand of 6 million EUR will provide definite competitive advantageagain in 2010.20.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      FORTEC Elektronik Aktiengesellschaft              Lechwiesenstrasse 9              86899 Landsberg/Lech              DeutschlandPhone:        +49 (0)8191 91 172-0Fax:          +49 (0)8191 91 172-22E-mail:       aktie@fortecag.deInternet:     www.fortecag.deISIN:         DE0005774103WKN:          577410Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart End of News                                     DGAP News-Service ---------------------------------------------------------------------------