DCI AG

Earnings Release • Mar 24, 2004

News Details

Ad-hoc | 24 March 2004 08:30

DCI AG publishes 2003 business figures

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DCI AG publishes 2003 business figures Substantial loss reduction Starnberg, 24 March 2004. DCI AG has today announced its result for the 2003 financial year. The Group’s consolidated net result amounted to a loss of EUR 2,372,000. However, this was significantly reduced by 81% against the previous year (EUR 12,344,000). This was primarily due to two factors: The insolvent subsidiary MuK (Berlin) no longer impacted the result in the reporting year. Furthermore, the Company was able to reduce its operating expenses considerably on the back of cost cutting measures. However, these measures will take full effect in 2004. Consolidated sales of EUR 3,554,00 were down 71% year-on-year (2002: EUR 12,344,000), for which MuK was also largely responsible. After becoming insolvent, this company was deconsolidated at the end of 2002. Sales at DCI AG alone declined by only 8.5% year-on-year to EUR 3,370,000 (2002: EUR 3,645,000), as a result of the poor condition of the economy as a whole in the reporting year. The consolidated operating result was minus EUR 2,993,000 (2002: minus EUR 13,632,000). The outflow of cash and cash equivalents decreased to EUR 4,003,000 (2002: EUR 6,804,000). As of 31 December 2003, DCI had consolidated cash and cash equivalents of EUR 3,146,000. Additionally we refer to the ad hoc disclosure dated 12 March 2004: DCI AG finally wins MuK dispute. This means that the provision of EUR 600,000 plus interest set up for this dispute can be released to income. The Annual Report 2003 will be published at the end of March 2004. end of ad-hoc-announcement (c)DGAP 24.03.2004 ——————————————————————————– WKN: 529 530; ISIN: DE0005295307; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 240830 Mär 04