DocCheck AG — Earnings Release 2003

Jul 10, 2003

News Details

Ad-hoc | 10 July 2003 20:44

antwerpes AG english

antwerpes ag: turnover and operating result forecasts for the 2nd quarter 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– antwerpes ag: turnover and operating result forecasts for the 2nd quarter 2003 Cologne, 10th July 2003 – According to provisional calculations, in the 2nd quarter of 2003 antwerpes ag (ISIN DE0005471007 // WKN 547100) achieved a turnover of between 3.1 and 3.2 million euros and a negative operating result (EBIT) of between -0.3 and -0.4 million euros before provision for restructuring costs. Turnover in the 1st six months lay between 6.8 and 6.9 million euros, around 6-8% above the previous year’s values (6.4 million euros). A negative EBIT of between 0.2 and 0.3 million euros before restructuring costs (previous year: +0.1 million euros) is provisionally expected for the 1st half year. In the 2nd quarter provision of around 0.4 million euros will be made to cover restructuring. By restructuring, the Board of Directors is attempting to reduce operating costs (personnel, depreciation, other operating expenses) in the 2nd half of 2003 by around 15%, or 0.6 million euros, compared with the 1st half of 2003. As of 30.6.2003, the stock of liquid funds and fixed financial and current assets was in the region of 30.3 million, or 5.13 euros per share, therefore slightly below the previous quarter’s value (30.5 million euros). The clear deterioration in the operating result situation in the face of increasing sales and comparable costs is caused by gross yield being down in the 1st six months of 2003 by around 10% on the 1st half of 2002. Final figures for the 2nd quarter will be announced by antwerpes ag at the beginning of August. Contact: antwerpes ag Tanja Mumme Corporate Communications Vogelsanger Str. 66 D-50823 Cologne fon: +49-221-92053-139 fax: +49-221-92053-133 eMail: ir@antwerpes.de end of ad-hoc-announcement (c)DGAP 10.07.2003 ——————————————————————————– WKN: 547100; ISIN: DE0005471007; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 102044 Jul 03