adesso SE

Earnings Release • Nov 25, 2002

News Details

Ad-hoc | 25 November 2002 09:06

BOV AG english

BOV improves results in Q3 by EURO 0.5 million Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– BOV improves results in Q3 by EURO 0.5 million Stable trend in revenues despite adverse market situation In the third quarter of 2002, the BOV Group has recorded a total operating performance of EURO 5.8 million with a cumulative operating performance for the first nine months of the 2002 financial year of EURO 18.4 million. This means that the overall performance for the third quarter, still characterised in the months of July and August by the lower seasonal capacity utilisation, was at the same level on average as in the two previous quarters. Adjusted to remove the sales revenues of the BFK/Intermoves Group which is no longer included in the consolidation as of 30 June 2002, the total operating performance amounted to EURO 5.4 million in the first quarter (Q1) and EURO 6.1 million in Q2. As a consequence of this stable trend in sales revenues, the cost adjustments already attained within the scope of the consolidation process are reflected in further improvement in the earnings of the BOV Group as expected. The EBITDA figure increased by EURO 0.5 million to EURO -0.45 million in comparison with the preceding quarter. Against the backdrop of a solid volume of orders in hand and by rigorously pursuing the process of cost adjustment, the BOV Group is still standing by its forecast of being able to attain break-even in the fourth quarter on the basis of this EBITDA. end of ad-hoc-announcement (c)DGAP 25.11.2002 ——————————————————————————– WKN: 549 370; ISIN: DE0005493704; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München , Stuttgart, Hannover 250906 Nov 02