U.C.A. AG

Earnings Release • Mar 20, 2002

News Details

Corporate | 20 March 2002 20:02

U.C.A. AG english

U.C.A. AG: Tentative overall result for 2001 based on IAS Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Tentative overall result for 2001 based on IAS: In the business year 2001, U.C.A. achieved revenues of 9.1 million Euro from the sale of shares and from the sale of non-listed holdings. After special depreciations on the book value of holdings amounting to 6.3 million Euro, the result is a negative EBT of about 5.6 million Euro. This positive deviation from the original EBT forecast was made possible by an adjustment of the balance sheet as of 31 December 2000, approved by the supervisory board and the auditor KPMG in accordance with the increased tax value principle. This caused a retroactive increase of 11.8 million in the depreciations on holdings to 33.6 million Euro, decreasing the EBT for the business year 2000 from 13.6 million Euro to 1.8 million Euro. The companies in the portfolio holdings are still valued at a total of 5.3 million Euro after the adjustments for depreciations of 2000 and 2001. After the portfolio adjustment and with bank liabilities of 4.0 million Euro, U.C.A. currently has liquid cash deposits of about 25 million Euro and an operative cost structure of below 2 million Euro per year. In view of the unchanged unstable capital markets, the management is expecting at best a stable result for the year 2002. As an investment house and M&A consultant in this uncertain environment, U.C.A. is focusing on selected projects with mid- sized technological companies. IR Oliver Schulte, Tel.: +49 (0) 89 99 31 94-25, e-Mail: investor.relations@uca.de end of announcement (c)DGAP 20.03.2002 ——————————————————————————– WKN: 701200; ISIN: DE0007012007; Index: Listed: Freiverkehr in Berlin, Düsseldorf, Frankfurt, Hamburg, München (Prädikatsmarkt) und Stuttgart 202002 Mär 02