DCI AG

Earnings Release • Aug 14, 2002

News Details

Ad-hoc | 14 August 2002 08:00

DCI Database english

DCI AG publishes figures for the second quarter of 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DCI AG publishes figures for the second quarter of 2002 Significant improvement in results in the first six months Starnberg, Germany – 14 August 2002. Despite the unfavourable market conditions, DCI AG posted sales of KEUR 7,254 for the first six months of 2002. This represents an increase of 8.1% on last years’ figure (KEUR 6,712). The operating result, in particular, showed positive developments. At minus KEUR 4,940, EBIT was up 67.1% compared with minus KEUR 15,011 for the same period last year. EBITDA losses were down 73% from minus KEUR 11,188 in the first six months of 2001 to minus KEUR 3,011 in the first six months of 2002. The quarterly cash- burn rate was also considerably reduced over the last three months. At EUR 1.8 million, this figure was down 35.7% on that posted for the first quarter of 2002 (EUR 2.8 million). On 30 June 2002, cash amounted to KEUR 9,319. The operating result was primarily boosted by DCI’s rigorous cost management strategy. Focused payroll cuts and a considerably leaner marketing budget reduced selling and marketing expenses by 72.9% from KEUR 4,219 (Q2/2001) to KEUR 1,144 (Q2/2002). At KEUR 1,806, administrative costs were also down by 31% on last year’s figure (Q2/2001: KEUR 2,614). In the second quarter, the company’s concentrated marketing efforts in the area of “catalogue-based procurement” achieved its first successes: several industry leaders in the B2B sector opted for DCI’s MultiCrossCatalog. This innovative marketing concept is based on DCI’s TradeManager and helps suppliers to acquire new customers as well as enhance existing customer relationships. The concept has also generated a positive response among retail mail order catalogue houses. DCI will continue to align its cost management strategy with the challenging market situation. The company anticipates a considerable boost in sales due to increased cooperation with its business lines, such as the collection and maintenance of product data for DCI’s MultiCrossCatalog by the Romanian-based Data Service Factory. With liquid assets to the tune of EUR 9.3 million, DCI AG is confident it will reach the break-even point in the near future. end of ad-hoc-announcement (c)DGAP 14.08.2002 ——————————————————————————– WKN: 529 530; ISIN: DE0005295307; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 140800 Aug 02