AUGSBURG, Germany, April 14, 2003 (PRIMEZONE) -- BOWE SYSTEC AG (OtherOTC:BOEWF)(WKN 523 970), ends the 2002 business year with a new high in pre-tax results dividend increase to 1.25 Euro.
At today's press conference on financial statements of the specialists for high-performance inserting systems, the Board reported on a positive conclusion to what, overall, had been a difficult year. In a world market marked by clear investment reticence, sales fell 7% short of the peak results of the previous financial year. Despite the decline in sales, the BOWE SYSTEC group improved the result in ordinary business by 3% to a new high in the company history. A decisive step in reaching world market leadership was the acquisition of a 50% share in the US business of the former competitor Bell + Howell, which was successfully completed in December 2002.
For more details please see attached press release. http://reports.huginonline.com/899293/115995.pdf