DCI AG

Earnings Release • Feb 28, 2002

News Details

Corporate | 28 February 2002 14:37

DCI Database english

DCI AG: Successful implementation of cost-saving measures Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– DCI AG: Successful implementation of cost-saving measures funds ongoing business activities Starnberg, Germany – February 27, 2002. Since the beginning of 2001, DCI AG has been implementing far-reaching restructuring and cost-cutting measures with a view to realigning the company’s cost structure with today’s market conditions. These measures served to progressively reduce DCI’s cash burn-rate in each quarter of last year. The 2001 annual statement of accounts currently under review would appear to indicate that the cash-burn rate in the fourth quarter of 2001 is below that of the third quarter. The initial months of 2002 are likely also to see a significant reduction in the spending of liquid funds. The improved cost situation has stabilized DCI AG’s liquidity reserves. Sufficient reserves, coupled with the fact that DCI is not financed through loans, ensure the continued existence of the company and its ability to maintain regular business operations. DCI AG will present the final figures at its press conference for the 2001 annual report on March 20, 2002. end of message, (c)DGAP 28.02.2002