DocCheck AG — Earnings Release 2003

Oct 30, 2003

News Details

Ad-hoc | 30 October 2003 08:30

antwerpes AG english

antwerpes ag shows positive operating profit in the 3rd quarter Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– antwerpes ag shows positive operating profit in the 3rd quarter Cologne, 30th October 2003 – antwerpes ag of Cologne (ISIN DE000547100) achieved sales of 3 million euro in the 3rd quarter yielding pre-tax profits (EBIT) of 0.2 million euro. Profit on ordinary activities was 0.4 million euro, giving earnings per share of 4 cent. These results amount to a 4% increase in turnover over the first nine months compared with the same period in the previous year from 9.5 million to 9.9 million euro. Due to restructuring measures there was a negative EBIT of -0.3 million euro (last year positive 0.3 million). Profit on ordinary activities totalled 0.3 million euro (1.1 million euro) and earnings per share was 2 cent (10 cent). The restructuring measures brought a significant improvement in profitability in the 3rd quarter. Although gross profit increased by 2% over the 2nd quarter 2003 rising to 1.9 million euro, operating costs (staffing, depreciation and other operating expenses) fell in comparison with the second quarter by 0.4 million euro or 19%. This was offset by one off restructuring charges totalling 0.3 million euro. Liquid resources and investments included in fixed and current assets were 30.1 million euro or 5.10 euro per share at 30th September 2003, just slightly less than the previous quarter (30.3 million euro). Contact: antwerpes ag, Tanja Mumme, Corporate Communications, Vogelsanger Str. 66, D-50823 Köln, fon: +49-221-92053-139, fax: +49-221-92053-133, eMail: ir@antwerpes.de end of ad-hoc-announcement (c)DGAP 30.10.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Overview of the company indicators for the 3rd Quarter of 2003/3rd Quarter of 2002 in tabular form: Key figure/3rd Qu. 2003 in million EUR/3rd Qu. 2002 in million EUR/Change Sales/3,021/3,189/-5% Gross profit/1,903/2,298/-17% EBITDA/526/428/23% EBIT/241/224/8% Profit on ordinary activities/ 442/458/-3% Earnings per share/0.04/0.04/0% Funds to hand/30,104/29,434/2% Key figure/9-Months 2003 in million EUR/9-Months 2002 in million EUR/Change Sales/9,924/9,552/4% Gross profit/6,021/6,643/-9% EBITDA/339/879/-61% EBIT/-271/306/<100% Profit on ordinary activities/326/1,060/-69% Earnings per share/0.02/0.10/-80% Funds to hand/30,104/29,434/2% -------------------------------------------------------------------------------- WKN: 547100; ISIN: DE0005471007; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300830 Okt 03