DCI AG

Earnings Release • Aug 14, 2003

News Details

Ad-hoc | 14 August 2003 08:31

DCI Database english

DCI AG releases figures for the second quarter of 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Starnberg, August 14, 2003. DCI AG today announced its results for the second quarter of 2003. On a quarterly basis, consolidated revenues totaled 869,000 Euro compared with 3,673 million Euro in the equivalent quarter last year. Sales revenues amounted to 1.859 million Euro in the first six months of 2003, compared with 7.254 million Euro in the first half of 2002. The decline can for the most part be attributed to the fact that revenues recorded by the MuK GmbH subsidiary deconsolidated at October 31, 2002 were still included in the consolidated financial statements in the prior year period. The operating result improved to minus 877,000 Euro from minus 2.247 million Euro in the second quarter of 2002 (minus 2.259 million Euro in the first half of 2003 versus minus 4.940 million Euro in the first half of 2002). The consolidated income amounted to minus 733,000 Euro for the period from April to June 2003 (versus minus 2.674 million Euro in Q2/2002) and minus 2.041 million Euro for the first six months of 2003 (versus minus 5.645 million Euro in the same period last year). At June 30, 2003, the corporate group had liquid assets totaling 4.364 million Euro. The DCI Group managed to depress expenditures still further in the second quarter of 2003 on the back of systematic cost-cutting measures. A sharp decline in marketing expenses coupled with a smaller workforce helped to reduce sales costs to 590,000 Euro from 1.144 million Euro in the second quarter of 2002, for instance. The deconsolidation of MuK GmbH has also resulted in a significant reduction in production costs, with the total falling to 579,000 Euro from 2.297 million Euro in Q2, 2002. Further cost-cutting and restructuring measures will be implemented during the rest of 2003, particularly since the business involving electronic product catalogs, which is still in the process of being set up, is not yet living up to expectations. Furthermore, activities at the DCI Medien business unit are being stepped up and a new, attractive business design is being introduced for the TradeManager. The complete interim report has been posted on the Internet at www.dci.de, where it can be reviewed and downloaded. end of ad-hoc-announcement (c)DGAP 14.08.2003 ——————————————————————————– WKN: 529 530; ISIN: DE0005295307; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 140831 Aug 03