pferdewetten.de AG — Earnings Release 2002

Aug 27, 2002

News Details

Ad-hoc | 27 August 2002 12:02

e.multi Digitale Dienste english

e.multi Digitale Dienste AG Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– e.multi Digitale Dienste AG finished its turn around successfully and earned a positive Cash Flow. Ettlingen August 27th 2002 – e.multi a publicly traded company in Frankfurt at the Neuer Markt (WKN: 548 851) released its financial report for the first half of the year 2002. It is the first time in the company’s history that e.multi AG was able to show a positive EBITDA of 0.381 million EURO. The company’s Cash Flow was a positive 0.314 million EURO as of June 30th 2002. With the available cash amounts of 0.515 million EURO the company achieved a pay down of its financial obligations to remaining balance of 0.150 million EURO. The business activity of the second quarter of 2002 consisted mainly of finishing off ongoing gambling games and liquidating the company’s tangible assets. At the time of establishing the balance sheet statement the only items listed as tangible assets were the company’s office building, various valuable paintings and a 51% ownership in Bet-at-home.com Internet GmbH with its headquarters located in Austria. The 51% ownership of the e.muiti holding Bet-at-home.com earned 3.910 million EURO from gambling revenues between the months of April and June 2002. This reflects a profit margin of 12.1%. The EBIT of 0.193 million EURO was accompanied by a net profit of 0.187 million EURO. The expenses of the current business year were limited to expenses in connection with the Neuer Markt listing, expenses for CPA fees, wages for the CEO’s of the company and a variety of leasing contract obligations. All these expenses combined were reduced to a total of 0.300 million EURO per year. Due to the reduction of the overhead expenses, the result in the third quarter is expected to be positive as well. The financing for the takeover of the remaining 49% share in the betting business bet-at-home.com Internet GmbH will be supplied to e.multi AG through an interest free loan from EUROTIP AG in Munich. Further information about the company and more financial details can be found at http://www.emulti.de . For further questions please contact Peter Raber, Investor Relations, Tel: 0049-(0) 89- 42036106 or fax at 0049-(0) 1805-247402. end of ad-hoc-announcement (c)DGAP 27.08.2002 ——————————————————————————– WKN: 548851; ISIN: DE0005488514; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 271202 Aug 02