MEDION AG

Earnings Release • Nov 9, 2001

News Details

Ad-hoc | 9 November 2001 07:30

Medion AG english

MEDION continues to grow Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MEDION continues to grow In spite of an increasing problematic economic environment MEDION has maintained its growth path. In the first nine months of 2001 sales went up by 38 % from EUR 737.1 M to EUR 1,016.9 M against the previous year. Simultaneously EBIT rose by 45 % from EUR 39.2 M to EUR 56.7 M and net earnings were boosted by 63 % from EUR 20.5 M to EUR 33.4 M, supported by the effects of the German tax reform. Earnings per share climbed by EUR 0.26 from EUR 0.43 to EUR 0.69. PC/Multimedia products achieved a sales volume of EUR 734.7 M, thus covering 72 % of total sales (previous year: 75 %). Entertainment and Household Electronics contributed EUR 244.1 M (or 24 %) to total sales (2000: 21 %). In Communications Technology sales reached EUR 38.1 M or 4 % of MEDION’s overall sales (2000: 4 %). With regards to the third quarter alone, sales went up by 34 % from EUR 147.9 M to EUR 198.1 M, compared to the equivalent period in 2000. The quarterly net profit rose well above 41 % from EUR 5.0 M to EUR 7.1 M. Earnings per share could be raised from EUR 0.11 to EUR 0.15. Successful expansion of international business In the first nine months of 2001 sales abroad rose by more than 50 % from EUR 143.8 M to EUR 220.0 M, thus covering 21.6 % of total sales (2000: 19.5 %). These figures acknowledge that MEDION is on track to reach the goal of a turnover abroad of 25 % of total sales by 2002. Outlook Given the increasing difficult economic environment, MEDION’s solid performance is encouraging in the third quarter of 2001. We therefore remain very confident about further development. We believe that in the market in which we are operating, due to our excellent competitive position, there is enormous potential for growth which can be characterized by the following facts and trends: .the digitalization of products in consumer electronics .the ongoing process of convergence of multimedia and consumer electronics .the trend towards mobile computing .the expansion of international business .the expansion of strategic partnerships and cooperations For this reason we are convinced we will be able to completely fulfil our growth forecasts. end of ad-hoc-announcement (c)DGAP 09.11.2001 ——————————————————————————– WKN: 660 500; Index: NEMAX- 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 090730 Nov 01