TTL Beteiligungs- und Grundbesitz-AG
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Turnover up in the year’s 3rd quarter
TTL Information Technology AG, Munich, a supplier of
integrated IT services, has increased its consolidated
turnover by 60.4 % to reach 73 million DM during the first
nine months of this year. For 2000 as a whole, turnover is
budgeted to total 102 million DM, breaking the 100-million
barrier for the first time.
During the first 3 quarters of the year, both Project
Business, the group’s core operation, and its Trading
Division, showed continuously improved performance. In the
Project Business Division, against the background of
substantial capital investment over recent years, turnover
was up by 20.9 %, at 44 million DM. Revenues in the Trading
Division, at 28.9 million DM, have been more than tripled
over the preceding year, once the contribution in 2000 from
1st DATA Solution Vertriebs GmbH, acquired at the beginning
of this year, has also been included. Turnover from TTL AG’s
brokerage operation, however, has fallen short of the
original expectations.
1st DATA Solution Vertriebs GmbH reported turnover of 26.8
million DM in the first none months of this year, signifying
growth of 85 %, and putting the company firmly in the black
overall.
Consolidated profits from business operation in the year’s
3rd quarter before writedowns on goodwill (EBITDA) come to
4.8 million DM (preceding year: 7.1). Earnings after taxes
total 881,000 DM (preceding year: 3.3 million).
These results reflect substantial investment in corporate
infrastructure, particularly for human resources procurement
and skilling, plus the increased level of depreciation
entailed by capital investment over recent years. For the
year 2000, the EBITDA has been forecast at 6.1 million DM,
and profits after taxes budgeted at 1.1 million DM for the
year as a whole.
The recently acquired TTL Consult IT GmbH has been
successfully integrated, and will achieve turnover of 2.5
million DM and pretax earnings of 0.4 million DM in 2000. TTL
Consult IT GmbH is the future vehicle for expanding the TTL
Group’s service and consulting operations.
Further information can be found in the quarterly report on
our homepage www.TTL-AG.de.
Munich, 27 November 2000
Ende der Mitteilung
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