U.C.A. AG

Earnings Release • Aug 8, 2001

News Details

Corporate | 8 August 2001 20:40

U.C.A. AG english

Corpoprate news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– .Turnover for the half-year 2001 reaches EUR 3.5 Mio. (according to IAS) .EBT amounts to EUR 0.53 Mio. by June 30th, 2001 August 8th, 2001, Munich U.C.A. reached sales revenue of EURO 3.5 Mio. by the end of the 1st half-year 2001 (according to IAS). EBT totalled about EURO 0.53 Mio. by June 30th, 2001. The half-year result for 2001 definitely lies below the corresponding comparative value of the previous year due to the continuously bad condition of the capital markets and corresponding limited opportunities for the conversion of IPOs. Against this background, which is not unusual for VC companies, U.C.A. has optimised the cash position (currently EURO 20 Mio.). At the same time, U.C.A. has minimised costs in order to reach positive results also in a probably longer-running weak capital market environment with correspondingly adapted activities. In support, trade sales were prepared from the portfolio of U.C.A. comprising of a total of 31 investments, which will become effective with regard to turnover and net income in the second half of the year. U.C.A. deliberately employs the currently moderate evaluation of companies for the setting-up of portfolios in the area of engineering technologies. M&A consulting business, which is based on remuneration, was intensified in support. The managing board Contact: Investor Relations Daniel Schirok Phone : +49 (0)89 / 99 31 94-36 e-mail: investor.relations@uca.de end of announcement (c) DGAP 08.08.2001 ——————————————————————————– WKN: 701200; Index: Listed: Freiverkehr in Berlin, Düsseldorf, Frankfurt, Hamburg, München (Prädikatsmarkt) und Stuttgart 082040 Aug 01