DCI AG

Earnings Release • Jul 18, 2001

News Details

Ad-hoc | 18 July 2001 07:00

DCI Database english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DCI AG publishes provisional six-month figures for 2001 Starnberg, Germany – 18 July 2001. DCI AG today published its provisional figures for the first six months of the year. Between January and June 2001, company turnover totalled 6,712 KEuro. EBIT amounted to minus 15,011 KEuro. The figures posted do not align with budgetary predictions. This is attributable to the slowdown in DCI sales caused by the depressed economic climate and the gradual lengthening of sales cycles for IT investments. The rationalisation measures implemented so far will impact on the figures in the third and fourth quarters in particular. Cash and cash equivalents of the DCI Group amounted to 24 million Euro. In response to the difficult market conditions, DCI has been systematically reining in costs since the start of 2001. Staff numbers have been cut back at both the company headquarters and at all subsidiaries and offices. Investment levels have also been trimmed. The early signs of these streamlining measures are already evident with the cash-burn rate posted for the second quarter down 2 million Euro on the first quarter. Recent modifications to US-GAAP will increase the amounts DCI is required to post as depreciation for its subsidiaries. It is not, however, feasible to quantify the adjusted figures at this stage. DCI delivers a range of solutions and services aimed at the seamless networking of all customer and product data. It offers its customers a decisive competitive advantage by providing a one-stop platform, enabling them to effortlessly handle all e-commerce transactions over the Net. Through the recent acquisition of majority shareholdings in MuK Medien- und Kommunikations GmbH and Buying House GmbH, DCI has enriched its existing portfolio with interesting new value-add services and synergy effects. These latest moves open up a host of exciting and rewarding opportunities for DCI. DCI will present the final figures and its six months’ report on 16 August 2001. end of ad hoc announcement (c) DGAP 18.07.2001 ——————————————————————————– WKN: 529 530; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 180700 Jul 01