029 Group SE

Earnings Release • Aug 14, 2003

News Details

Ad-hoc | 14 August 2003 08:30

Phoenix AG english

Phoenix records a profit for first-half 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– At EUR 573.9 million, revenues for the first six months of the current financial year were virtually the same as the EUR 573.7 million reported for first-half 2002. Earnings before interest and taxes came to EUR 17.8 million, which was the same as the comparable 2002 figure. The EBIT margin for the period came to 3.1%, as was the case a year earlier. Phoenix ended the first half of 2003 with a profit of EUR 3.0 million following a loss of EUR 6.7 million a year earlier. Segmental Information: Comfort Systems: Revenues EUR 273.5 million (+0.9 %), EBIT EUR 7.6 million (-5.0 %) of which Comfort Systems Automotive: Revenues EUR 230.2 million (-0.2 %) of which Comfort Systems Traffic Technology: Revenues EUR 43.3 million (+6.9 %). Fluid Handling: Revenues EUR 164.6 million (-1.8 %), EBIT EUR 15.1 million (+9.4 %) of which Fluid Handling Automotive: Revenues EUR 113.8 million (+5.6 %) of which Fluid Handling Industry: Revenues EUR 50.8 million (-15.2 %). Conveyor Belt Systems: Revenues EUR 67.3 million (-3.0 %), EBIT EUR 3.0 million (-28.6 %). Other Business Units: Revenues EUR 68.5 million (+4.6 %). EBIT EUR -0.4 million Outlook: Seven months into the current financial year, Phoenix AG continues to expect to achieve its revenue target of EUR 1,140 million for the year 2003. The company also expects operating EBIT for the second quarter to exceed the figure for the comparable period a year earlier. end of ad-hoc-announcement (c)DGAP 14.08.2003 ——————————————————————————– WKN: 603100; ISIN: DE0006031008; Index: SDAX Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg und München; Freiverkehr in Stuttgart 140830 Aug 03