Viasystems Group, Inc. Updates Guidance

    ST. LOUIS--Jan. 30, 2001--Viasystems Group, Inc. today provided guidance on the company's financial performance for the first quarter of 2001.
    The Company stated that it anticipates revenue for the quarter to total approximately $425 million with earnings, after adjustments for amortization ("EBG"), of between $0.07 and $0.10 per share. Results for the first quarter will reflect weaker demand for printed circuit boards (PCB) from certain of the company's core North American telecommunications equipment customers, primarily as a result of the these customers own inventory adjustments. As a result, Viasystems will take immediate steps to reduce the cost structure of its North American PCB fabrication facilities. These steps will likely result in a one-time restructuring charge of between $10 million and $20 million being recorded in the first quarter. The restructuring charge would consist of both cash and non-cash components.
    This press release contains forward-looking statements as defined by the federal securities laws, and these statements are based upon Viasystems' current expectations and assumptions, which are inherently subject to various risks and uncertainties that could cause actual results to differ from those anticipated, projected, or implied. Certain factors that could cause actual results to differ include fluctuations in operating results and customer orders, a competitive environment, reliance on large customers, risks associated with international operations, ability to protect patents and trade secrets, environmental laws and regulations, relationship with unionized employees, risks associated with acquisitions, substantial indebtedness, control by large stockholders and other factors described in Viasystems' filings with the Securities and Exchange Commission.
    Viasystems Group, Inc. is a leading global EMS provider with more than 26,000 employees and 33 manufacturing facilities in nine countries, supplying customers in the telecommunications, networking, automotive and consumer electronics industries. Viasystems is listed on the New York Stock Exchange, trading under the symbol "VG."