SLEEPZ AG — Earnings Release 2000

May 30, 2000

News Details

Ad-hoc | 30 May 2000 16:40

Ad hoc-Service: bmp AG Q1 2000 results englis

Ad-hoc announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— AD-HOC REPORT pursuant to Section 15 of the German Securities Trading Act (WpHG) bmp AG: First Quarter 2000 Results Sales growth exceeds expectations with 230%. Earnings forecast for 2000 of EUR 0.61 per share confirmed. Berlin, 30 May 2000 – SDAX-listed bmp AG has published its first quarter 2000 results: . 230% sales growth from EUR 2.17 million to EUR 7.12 million . EUR -0.23 earnings per share (DVFA/SG definition) . 144% equity portfolio value growth to EUR 79.6 million The DVFA/SG earnings per share figure of EUR -0.23 was as planned. First-quarter activities focused on creating value in existing portfolio companies for lasting gains in the total value of the portfolio. No revenue from portfolio disposals was planned for the first quarter under the bmp AG value-growth strategy. However, portfolio stream-lining resulted in 230% sales growth to EUR 7.12 million. Expenditures likewise developed in accordance with the business plan for 2000, so that the positive operating earnings figure of EUR 1.77 million for the first quarter 1999 was counterbalanced by negative operating earnings of EUR 1.64 million in the first quarter 2000. The prudent accounting policy on provisions was continued into the first quarter 2000, with provisions for individual items totalling EUR 2.18 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -0.28 million. The total value of the portfolio was EUR 79.6 million at the end of March 2000, an increase of 144% over the previous year. With this rate of portfolio growth, bmp is significantly outperforming the dynamic growth of the market as a whole. Based on the current performance and the initial public offerings planned for at least four bmp equity holdings in the second half-year once again confirm the earnings forecast of EUR 0.61 per share for 2000. Sales for 2000 as a whole are likely to significantly exceed the figure of EUR 28.7 million that was originally planned. The number of portfolio candidates (early-stage e-business and life sciences) applying for venture capital increased sharply from 247 in the first five months of 1999 to 914 in the same period of 2000, with a continued rise in the quality of applicants. In view of this growth, we anticipate that bmp will exceed its planned growth for 2000 as a whole. Contact: Alexander Faust Investor Relations Manager Charlottenstr. 16 10117 Berlin Germany Phone: +49-30-20 30 50 Fax: +49-30-20 30 55 55 Email: afaust@bmp.com http://www.bmp.com German Stock ID: 523 540 Shares outstanding: 12.2 million individual shares Indices: SDAX/SMAX/CDAX End of Message