Nexus AG

Earnings Release • May 28, 2003

News Details

Ad-hoc | 28 May 2003 18:00

NEXUS AG english

Nexus AG: Improvement of EBT despite weaker sales Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Villingen-Schwenningen, May 28th, 2003: Nexus AG, specialized in medical software, was able to improve its result before taxes by approximately 29% to TEUR -481 (Q1 2002: TEUR -674) despite fewer sales in the first quarter 2003. Sales amounted to EUR 2.5 million compared to EUR 3.1 million in the same period of the previous year. The weaker sales can be mainly attributed to accounting procedures, and as a result total performance remained almost unchanged at EUR 3.2 million. The EBITDA was substantially better at TEUR 9 (Q1 2002: TEUR -408) than in the previous year. Because NEXUS decided not to capitalize deferred taxes on the loss carry forward due to the uncertain legal situation, the Group deficit after taxes increased compared to the previous year to TEUR -557 (Q1 2002: TEUR -336).The amount of new orders developed positively in the first quarter, especially in foreign countries from where a number of large orders were received. The orders will affect sales figures positively in the following quarters. Nexus AG has a healthy balance sheet. Cash resources were approximately EUR 18.0 million on March 31st, 2003, and the equity ratio is 88%. For further information, please contact: Nexus AG- Angelika Rebholz- Auf der Steig 6- D-78052 Villingen-Schwenningen Tel.: +49 (0) 77 21/84 82 320 Fax: +49 (0) 77 21/84 82 888 angelika.rebholz@nexus-ag.de http://www.nexus-ag.de/ end of ad-hoc-announcement (c)DGAP 28.05.2003 ——————————————————————————– WKN: 522090; ISIN: DE0005220909; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, München, Hannover und Stuttgart 281800 Mai 03