aap Implantate AG

Earnings Release • May 30, 2003

News Details

Ad-hoc | 30 May 2003 09:54

aap Implantate AG correction

aap Implantate AG: Correction Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Corrected announcement on behlaf of the issuer: In todays Ad-hoc-announcement, in the first paragraph, instead of:” .. EUR 80,000 … EUR 449,000 … EUR 0.09 .. EUR 144,000..” it must read: “.. minus EUR 80,000 … minus EUR 449,000 … minus EUR 0.09 … minus EUR 144,000..”. In the second paragraph, instead of: ” … EBIT EUR 445,000 … EUR 701,000 … EUR 0.15 … EUR 31,000 …” it must read: ” EBIT minus EUR 445,000 … minus EUR 701,000 … minus EUR 0.15 … minus EUR 31,000 …” The complete corrected announcement is: aap Implantate AG: Publication of figures for first quarter of 2003 Difficult export business keynotes first quarter For aap Implantate AG, a specialist in artificial and biomedical implants for the musculo-skeletal organ system, the first quarter was characterized by difficult export business. Consolidated sales at EUR 2.9 million were approx. 14% down on the year, due mainly to what was highly reserved ordering behavior in the export business in general, and especially in the Asian region, that can surely be attributed in part to the strong euro. Before special factors (acquisition-related depreciations and stock options), the company earned in the first quarter an EBITDA of EUR 299,000 (previous year: EUR 1.178 million). Adjusted accordingly, EBIT was minus EUR 80,000, or less than the previous year’s EUR 895,000. The unadjusted DVFA/SG consolidated result for the review period was minus EUR 449,000 (previous year: EUR 380,000) and DVFA/SG earnings per share were minus EUR 0.09 (previous year: EUR 0,08). Adjusted cash earnings were minus EUR 144,000 (previous year: EUR 535,000). In spite of this unpleasant earnings trend, cash flow at the operating level increased over the review period to EUR 651,000 from EUR 216,000 at the end of 2002. Taking the above-mentioned special factors into account, the figures were as follows: EBITDA was EUR 299,000 (previous year: EUR 1.008 million) and EBIT minus EUR 445,000 (previous year: EUR 361,000). The DVFA/SG consolidated result was minus EUR 701,000 (previous year: EUR 34,000), DVFA/SG earnings per share were minus EUR 0.15 (previous year: EUR 0.01), and DVFA/SG cash earnings amounted to minus EUR 31,000 (previous year: EUR 553,000). In spite of this first-quarter business trend that failed to meet expectations, aap Implantate AG plans to achieve double-digit profitable sales growth this fiscal year without taking acquisition-related depreciations into account. aap mainly anticipates positive growth stimuli from launches of new products such as the two bone crafts Cerabone and Ostim from the orthobiology segment and the innovative VersaBond bone cement as well as the new AEQUOS knee system from the endoprosthethics segment. end of ad-hoc-announcement (c)DGAP 30.05.2003 ——————————————————————————– WKN: 506660; ISIN: DE0005066609; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300954 Mai 03