MorphoSys AG — Earnings Release 2003

Feb 10, 2004

News Details

Ad-hoc | 10 February 2004 09:13

MorphoSys Presents Preliminary Financial Results for 2003

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MorphoSys AG (Frankfurt: MOR; Prime Standard Segment) reported preliminary financial results for the fiscal year 2003. On December 31, 2003, MorphoSys had EUR 23.2 million in cash, cash equivalents and marketable securities, an increase of more than 20% compared to the end of 2002 (December 31, 2002: EUR 19.1 million). Revenues for the full year 2003 amounted to EUR 15.3 million, versus EUR 16.8 million in 2002. Operating expenses decreased to EUR 18.8 million, compared to 42.3 million in 2002. Net loss cut by 83% to EUR 4.1 million in 2003 (2002: EUR 24.4 million). Net cash provided by operating activities amounted to EUR 5.8 million (2002: EUR -15.2 million). All numbers reported are unaudited and preliminary. MorphoSys will publish its audited financial statements on February 26, 2004. end of ad-hoc-announcement (c)DGAP 10.02.2004 ——————————————————————————– WKN: 663200; ISIN: DE0006632003; Index: Nemax 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 100913 Feb 04