U.C.A. AG

Earnings Release • Jun 27, 2002

News Details

Corporate | 27 June 2002 20:30

U.C.A. AG english

U.C.A. AG: Final Results 2001 and 2000 according to IAS Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Final Results 2001 and 2000 according to IAS: In the business year 2001, the U. C. A. Group attained consolidated sales proceeds amounting to Euro 8.8 million through sales of quoted shares and tradesales of unquoted shares. After write-offs in the portfolio amounting to Euro 5.7 million, U.C.A. shows a negative EBT of Euro 1.9 million. Due to necessary changes in the balance sheet for the business year 2000, arising from hidden facts concerning the value of several investments, the write-offs for 2000 subsequently increased by Euro 15.4 million to Euro 37.4 million. As a consequence the EBT 2000 has been tax-effectivly reduced from Euro 13.6 million to a negative Euro 1.6 million. The remaining companies in the investment portfolio of U.C.A. are valued at Euro 5.3 million as per end of fiscal year 2001. Total portfolio-write-offs for 2000 and 2001 amounted to Euro 43.1 million. After the ongoing completion of the restructuring of the investment portfolio, U.C.A. is still invested in 15 shareholdings. For the year 2002, U.C.A., as investment house and M&A – companion for small technology companies, still expects a negative result in the face of the continuous weakness of the capital market. IR Oliver Schulte Tel.: +49 (0) 89 – 9931 94-25 e-mail: investor.relations@uca.de end of announcement (c)DGAP 27.06.2002 ——————————————————————————– WKN: 701200; ISIN: DE0007012007; Index: Listed: Freiverkehr in Berlin, Düsseldorf, Frankfurt, Hamburg, München (Prädikatsmarkt) und Stuttgart 272030 Jun 02