Plenum AG

Earnings Release • Aug 23, 2001

News Details

Ad-hoc | 23 August 2001 12:58

plenum AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– plenum AG: both sales and earnings up 70% in H1 – Net income for the period almost doubled – Excellent second quarter in 2001 – Sales and earnings forecast for 2001 raised significantly Wiesbaden/Frankfurt, August 23, 2001 Wiesbaden-based plenum AG, a supplier of integrated IT and communications solutions, recorded sales of EUR 32.6 million in H1 (previous year: EUR 19.1 million), a year-on-year increase of 70%. Despite the integration costs incurred for company acquisitions, EBITDA also increased by over 70% to EUR 3.1 million (previous year: EUR 1.8 million). At just under 10%, the return for H1 exceeded the original targets of 7% for the year as a whole. Net income for the period of EUR 1.3 million (previous year: EUR 0.7 million) was almost double the previous year’s figure. Earnings per share increased by close on 50% to EUR 0.13 (previous year: EUR 0.09). Stoll & Fischbach, which was acquired and consolidated for the first time in spring, contributed EUR 7.5 million to sales and EUR 0.7 million to earnings (EBITDA). plenum’s positive corporate and business development is due to the planned growth drive and investment campaign in core business in spring 2000. Organic growth in plenum’s core business in the first six months therefore amounted to almost 50% on a pro forma basis. The extremely satisfactory business development in Q1 also continued in Q2 2001: sales growth in Q2 on a pro forma basis was 7% higher than in Q1 2001, while pro forma earnings grew by as much as 21% on the previous quarter. plenum is therefore raising its forecasts for fiscal year 2001. The company now plans to record consolidated sales of EUR 65 to EUR 67 million (previously: EUR 59.2 million), i.e. growth of approximately 40%. The forecast for consolidated EBITDA has been raised by over 30% to between EUR 5.1 million and EUR 5.3 million (previously: EUR 3.9 million). At the same time, plenum systematically implemented its withdrawal from its New Venture activities by adjusting all listed and pre-IPO investments on the balance sheet as of June 30, 2001 without affecting income. Taking the complete withdrawal from its New Venture activities into account, plenum grew by approximately 100% in its core business, generating all its consolidated EBITDA from its highly profitable business as a supplier of integrated IT and communications solutions. end of ad-hoc-announcement (c)DGAP 23.08.2001 ——————————————————————————– WKN: 690100; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Düsseldorf, München, Hamburg, Berlin, Bremen, Hannover und Stuttgart 231258 Aug 01