029 Group SE

Earnings Release • Oct 2, 2001

News Details

Ad-hoc | 2 October 2001 21:18

Digital Advertising AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– digital advertising AG Introduces a Far-reaching Set of Measures to Achieve Positive EBIT in Q4 of the Current Fiscal Year Unterhaching, October 2, 2001. Changing conditions have had a major impact on the market, and digital advertising AG is also feeling the repercussions. In an effort to achieve profitability goals, digital advertising AG announced that it will introduce comprehensive restructuring measures at all enterprise levels. Called fit-for-the-future, this program calls for extensive cost-cutting measures, including personnel cutbacks, savings in material costs, and a restrictive investment policy. In the course of the third quarter of 2001/02, digital advertising will downsize the company, reducing the headcount by about 20 percent. Two thirds of these cutbacks affect administrative personnel. The program also mandates that marketing activities will be reoriented and intensified, and that organizational changes will be made. Though the present market environment precludes reliable performance forecasts, management expects the company to achieve a positive result in the fourth quarter of the current fiscal year. Contact: Denise Sinnhuber Phone: +49 (89) 61 534-160 Elisabeth Gröschel Phone: +49 (89) 61 534-161 digital advertising AG Biberger Straße 93 D- 82008 Unterhaching Fax: +49 (89) 61 534-101 E-mail: aktie@da-ag.com The Executive Board end of ad-hoc-announcement (c)DGAP 02.10.2001 ——————————————————————————– WKN: 513820; Index: Listed: Neuer Markt in Frankfurt/M.; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 022118 Okt 01