CPU Softwarehouse — Earnings Release 2001

Aug 22, 2001

News Details

Ad-hoc | 22 August 2001 08:09

CPU Softwarehouse AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad-hoc Report CPU Softwarehouse AG half-year results CPU fulfils targets again in second quarter Augsburg, August 22nd 2001 As in the first three months of this year, CPU has also fulfilled its plans for the second quarter and has achieved the forecasted figures for the first half- year. This applies not only to turnover and costs but also to the estimated liquidity requirement. The success of the restructuring measures is illustrated by the improved operating result (EBITDASO) of minus 5.5 mill. DM (last year: minus 16 mill. DM). The cash burn rate (cash-flow from operating activities) was on average around 0.8 mill. DM per month (last year: 2.4 mill. DM). Despite the difficult market conditions, it was possible to achieve a rise in turnover of 13.8%. As of 30.06.2001 the orders on hand amounted to approx. 11 mill. DM. The general loss of the Neuer Markt image and current media reports about possible “de-listings” are leading to a lasting negative sentiment which is affecting nearly all the companies quoted in this market segment. However, over the past months, CPU has still been able to achieve a turn-around by its own efforts and with high liquidity. Despite the developments on the Neuer Markt, over which it has no influence, CPU Softwarehouse AG is still adhering to the forecasts made for 2001. end of ad hoc announcement (c) DGAP 22.08.2001 ——————————————————————————– WKN: 545430; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 220809 Aug 01