U.C.A. AG

Earnings Release • Oct 26, 2001

News Details

Corporate | 26 October 2001 20:01

U.C.A. AG english

Sales per 30.09.2001: 8.16 Mio. Euro, EBT: -11.59 Mio. Euro Corpoprate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– -U.C.A. makes further cycle-induced value adjustments to portfolio of 14.5 million Euro -Sales per 30.09.2001: 8.16 Mio. Euro, EBT: -11.59 Mio. Euro Munich, October 26, 2001 U.C.A. Aktiengesellschaft will adjust the current investment portfolio with further going-concern value depreciations of 14.5 million Euro in conformity with IAS, thus opposing earlier plans. Reasons for this decision are the unforeseen extent of continuing price drops on the stock markets, the world-wide recession that apparently will continue longer than expected, the current idle situation for admission of investment firms to the stock exchange and the related continued overall decrease in corporate values for businesses, also in the current U.C.A. portfolio. The executive board believes that this non-liquidity-reducing measure will help to reduce risks and create reserves in addition to increasing transparency, since altogether nearly 75% of the invested capital has been adjusted in terms of going-concern value in the business years 2000 and 2001. Against this background sales per 30.09.2001 amount to 8.16 Mio. Euro and earnings before taxes to -11.59 Mio. Euro. The Executive Board Contact: Investor Relations Daniel Schirok, tel.: +49 (0)89 / 99 31 94-36; e-mail: schirok@uca.de end of announcement (c)DGAP 26.10.2001 ——————————————————————————– WKN: 701200; Index: Listed: Freiverkehr in Berlin, Düsseldorf, Frankfurt, Hamburg, München (Prädikatsmarkt) und Stuttgart 262001 Okt 01