Deutsche Effecten- und Wechsel- Beteiligungsges. AG

Earnings Release • Jul 29, 2003

News Details

Ad-hoc | 29 July 2003 07:39

DEWB AG english

DEWB AG: Report for the first half of 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB AG: Report for the first half of 2003 DEWB achieves a positive result in the first half of 2003 Operating result (EBIT) 1.7 million euros. Sales of shares in the sum of 11 million euros generated despite the difficult framework conditions. 6.7 million euros invested in the first half of the year. The DEWB Group (Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft) successfully completed a number of sales from its investment portfolio in the first half of 2003. Sales in the first six months of 2003 increased by comparison with the previous year to 11.1 million euros (prev. year: 0.7 million euros). The increase in sales is primarily attributable to the sale of the Herrenknecht shareholding. In addition, the Group disposed of a number of items from the portfolio of optic – optical technology investments ag which has been consolidated since the beginning of the year. On the basis of the marked increase in sales DEWB posted an EBIT of 1.7 million euros (prev. year: minus 6.2 million euros). The result for the period also showed a marked improvement to 0.6 million euros (prev. year: minus 8.1 million euros). During the first six months of the business year the DEWB Group invested a total of 6.7 million euros (prev. year: 10.3 million euros) in its existing portfolio and new investment holdings. The volume of investment, comprising the book values of the investment holdings and securities, is 93.1 million euros as at the end of the first half of the year. As at 30th June 2003 the DEWB Group holds investments in 44 companies from its target sectors of optoelectronics, biotechnology and TC/IT. DEWB aims at expanding its position as one of the leading investment companies in Germany. The company remains convinced of the future potential offered by optical technologies and is putting its faith in applications for these key technologies in its focal sectors of optoelectronics and biotechnology which today together already account for more than 70% of the invested capital. DEWB will continue to invest in these areas in order to actively exploit in this way the continuing, existing opportunities in the investment market. Contact: Steffen Schneider, DEWB AG, Investor Relations Phone / Fax: ++49 3641 65 2290 / 65 2157 E-Mail: steffen.schneider@dewb-vc.com, Internet: http://www.dewb-vc.com end of ad-hoc-announcement (c)DGAP 29.07.2003 ——————————————————————————– WKN: 804100; ISIN: DE0008041005; Index: Listed: Amtlicher Markt in Berlin-Bremen und Frankfurt (Prime Standard) 290739 Jul 03