ORBIS AG

Earnings Release • May 14, 2003

News Details

Ad-hoc | 14 May 2003 08:14

ORBIS AG english

Orbis is back in the black Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Saarbrücken, May 14, 2003 Orbis AG recorded Group sales of EUR 5.898 million during the first quarter of 2003 (March 31, 2003). The Group profit for the reporting period of EUR 0.178 million, following the adjusted results for the third and fourth quarters of the 2002, confirms that the consolidation measures initi-ated in 2002 in response to market developments as a whole were correct. This equates to a profit per share of EUR 0.02 for the 9.1 million subscribed shares. The operating result (EBIT) improved to EUR 0.205 million from a minus EUR 5.657 million for the last quarter of 2002. Equity capital increased during the reporting period to EUR 15.975 from EUR 15.804 million on December 31, 2002. This corresponds to an equity capi-tal ratio of 49 percent. The positive cash flow of EUR 1.490 million led to an in- crease in liquid assets to EUR 9.874, although it was again necessary to make financial fund value adjustments in the amount of EUR 0.2 million. The development of sales confirm the companys market expectations for 2003. Orbis has made timely adjustments during the previous year to meet these developments. The Orbis Group had a total of 249 employees at the end of the first quarter of 2003 in contrast to the 270 employees on December 31, 2002. As a result the personnel cost ratio improved considerably to 68.1 percent. Orders received by the ORBIS Group as of March 31, 2003, cover 65 percent of internally projected sales for 2003. Negotiations with other customers concern- ing interesting projects and large volume orders are currently being conducted. Whereas ORBIS has previously concentrated on major corporations, the Group is now also targeting midsize companies. This is an area with considerable growth potential. ORBIS has thus made an important step toward returning to profitability. end of ad-hoc-announcement (c)DGAP 14.05.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Further information is available at: www.orbis.de or from Dr. Sabine Stürmer, Head of Investor Relations at ORBIS AG Tel: +49 (0)681 99 24 605, E-Mail: sabine.stuermer@orbis.de ——————————————————————————– WKN: 522877; ISIN: DE0005228779; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 140814 Mai 03