Deutsche Effecten- und Wechsel- Beteiligungsges. AG

Earnings Release • Nov 30, 2001

News Details

Ad-hoc | 30 November 2001 08:29

DEWB AG english

DEWB posts an operating result of 22.6 million euros in the first nine months Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB posts an operating result of 22.6 million euros in the first nine months Value of the investment portfolio increased to 111 million euros DEWB AG (Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft) recorded an operating result (EBIT) of 22.6 million euros in the first nine months of 2001 (EBIT) and a net income of 18.1 million euros. The figures were announced by the company in its nine-month report. Sales totalled 38.2 million euros and as such were more than 70% lower compared with the figure for the period in the previous year. The EBIT fell by 56% (previous year: 51.43 million euros) and the net income by 28 percent (previous year: 25 million euros). These figures already take into account value adjustments in the sum of around nine million euros, representing approx. eight percent of the total investment book values. The strong yield by comparison with the rest of the sector and a sound cash flow position enabled DEWB to continue taking advantage of attractive acquisition opportunities and consequently keep to its long term strategy. During the course of the current year DEWB has invested a total of 41.7 million euros in shareholdings and securities. The invested capital, which comprises the book values of the Venture Capital shareholdings and the securities in the quoted companies, increased by 29.5% by comparison with the figure as at 31.12.2000 to 111.3 million euros. Despite the relatively good results in the first nine months, DEWB does no longer expect to post an EBIT of around 28 million euros for the full year 2001 as had still been forecast at the time the half-year report was published. The basis for the forecast business development at that time – a stable capital market during the 3rd quarter 2001 – was not created. Nevertheless, the company is confident that the result of 22 million euros achieved so far will be maintained for the full 2001 business year providing the current level of the capital market continues to remain stable. Contact: Steffen Schneider, DEWB AG, Investor Relations Telephone / Telefax: ++49 3641 65 22 90 / 65 21 57 E-Mail: steffen.schneider@dewb-vc.com, Internet: www.dewb-vc.com end of ad-hoc-announcement (c)DGAP 30.11.2001 ——————————————————————————– WKN: 804100; Index: Listed: Amtlicher Handel in Berlin und Frankfurt 300829 Nov 01