NETRADA Holding GmbH
d+s online AG english
d+s online AG: unexpectedly weak half-year/ positive cash flow in Q IV
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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d+s online AG: unexpectedly weak half-year / positive cash flow in Q IV
Hamburg, August 14, 2002. d+s online AG (ISIN: DE0005336804) recorded an
unexpectedly weak first semester in 2002. In the first six months of the year
the company only managed to boost Group revenue by as little as 10 per cent
year-on-year, to EUR 19.1 million (previous year: EUR 17.4 million) and thus
fell short of the companys planned figures. The loss in the first half of the
year, at Group EBIT of EUR -7.3 million, was only slightly better than in the
unsatisfactory period a year earlier (EUR -7.6 million). On a quarterly basis,
in Q2 a decline in revenue by 15 per cent was recorded in relation to the first
quarter, to EUR 8.8 million. Second-quarter EBIT came to EUR -4.7 million,
compared with EUR -2.6 million registered in the first quarter. Owing to this
poor performance attributable above all to cyclical factors, the company is
tightening its restructuring program considerably to enable a positive cash flow
to be reached as early as in the fourth quarter. The restructuring costs will
reflect a short-term burden of EUR 1.0 million on earnings. By taking over
conTakt GmbH & Co. KG, which is operating profitably (revenue in 2001: EUR 15.9
million) not only has d+s Online AG reached the volume of business operations
planned for the second semester; it is also in a position to offset the week
business trend recorded in the first half of the year. Above all, in terms of
its strategic partnership d+s Online AG is reinforcing its long-term market
position and broadening its spectrum of services considerably. Including the
revenue generated by conTakt as of July 1, 2002, it will be possible to reach
the volume of revenue originally planned for the second half of the year.
Accordingly, the company will record a positive cash flow on revenue of EUR 13
million as early as in the fourth quarter. Following its takeover of conTakt,
d+s online AG has revised its planning as a whole for the year 2002. The company
assumes Group sales revenue will amount to EUR 43 million and Group EBIT will
stand at EUR -12 million. The company will announce its key financials for the
year 2003 once the restructuring measures have been completed. d+s online AG
will publish its full quarterly report on August 15, 2002.
Contact: d+s online AG, Investor Relations, Dr.Jörg Schillinger (Tel. +49-(0)40-
4114-3900
end of ad-hoc-announcement (c)DGAP 14.08.2002
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WKN: 533 680; ISIN: DE0005336804; Index:
Listed: Neuer Markt in Frankfurt/M. und im Freiverkehr in Berlin, Bremen,
Düsseldorf, Hamburg, Hannover, München und Stuttgart
141831 Aug 02
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