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Earnings Release • Nov 20, 2003

News Details

Ad-hoc | 20 November 2003 07:00

BOV publishes figures for 3rd quarter and first nine months of 2003

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– BOV publishes figures for 3rd quarter and first nine months of 2003 In the first nine months of 2003 BOV Aktiengesellschaft managed to further improve its earnings as compared with same period last year despite the low level of revenues. Because of the summer holiday period sales revenues and earnings for the third quarter lagged behind the figures for the second quarter. In the third quarter of 2003 the BOV Group recorded a total operating performance of EUR 4.3 million. As expected, this figure was lower than for the second quarter. In the first nine months of 2003 a total operating performance of EUR 14.3 million was generated. The EBITDA earnings for the third quarter of 2003 at – EUR 654 thousand were below the level of earnings in the second quarter due to the effects of the holiday period but still represent an improvement of 45% in comparison with the same quarter last year. Earnings for the first nine months in EBITDA terms amounted to – EUR 1,227 thousand, i.e. 55% higher than in the previous year. The trend in improved earnings was obtained despite lower sales revenues. An increase in total operating performance and operational earnings can be expected in all business units for the fourth quarter as compared with the figures for the preceding quarter. The positive effects of the improvement in the cost structures in all sectors ought to be having an even more intensive impact by then. end of ad-hoc-announcement (c)DGAP 20.11.2003 ——————————————————————————– WKN: 549370; ISIN: DE0005493704; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 200700 Nov 03