Kontron AG (formerly S&T AG)

Earnings Release • Mar 3, 2004

News Details

Ad-hoc | 3 March 2004 14:10

GERICOM AG – preliminary figures for fiscal year 2003

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Revenues about 445 mio EUR – EBIT about -21 mio EUR Linz, March 3rd 2004. According to preliminary figures SDAX quoted GERICOM AG reached revenues of about 445 mio EUR in 2003 (prev.: 544.07 mio EUR) and thus did not accomplish the target of 460 to 490 mio EUR. The reason for this was largely against the background of the week economic environment unfruitful Christmas trades in the core market Germany. Successful campaigns in the European area and a good start of the product pipeline in Home Entertainment (DVD Players, LCD-TV and Plasma-TV) could only compensate this partially. High volatility in the development of the US Dollar led to high losses in currency hedging and necessary financial depreciation of the inventory, which is valued in US Dollar, by the end of the year. Furthermore against the industry forecasts week Christmas trades led to increased inventory levels with contract partners and resulted in order cancellations and further shortfall of revenues. These circumstances burdened the results of operations and caused an EBIT of about -21 mio EUR (prev.: +23.79 mio EUR). Still the board of GERICOM AG believes devoutly in being able to lead the company back to profit within the year 2004. As a sign of his commitment, from today on and at his own request CEO Hermann Oberlehner abstains from his own salary payments until financial break even of the company. Audited figures for fiscal year 2003, the annual report and an outlook on 2004 will be released by GERICOM at the press conference on March 25th 2004. end of ad-hoc-announcement (c)DGAP 03.03.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: For further information please contact: GERICOM AG Ingo Middelmenne Dipl.-Betriebswirt (BA) Head of Investor Relations & Corporate Communication Industriezeile 35 A-4021 Linz Phone: +43-732-7664-9113 Fax: +43-732-7664-113 email: middelmenne@gericom.com www.gericom.com ——————————————————————————– WKN: 565773; ISIN: AT0000729108; Index: SDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 031410 Mär 04