Vivanco Gruppe AG

Earnings Release • Sep 22, 2004

News Details

Ad-hoc | 22 September 2004 08:55

Strong second quarter 2004 in a row at Vivanco: sales rose by 25%!

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Strong second quarter 2004 in a row at Vivanco: sales rose by 25%! Vivanco Gruppe AG with its headquarter in Ahrensburg, Germany, is one of Europe’s leading accessory specialists in the field of Consumer Electronic, Information Technology, Telecommunications and Access Technology. Also in the second quarter of 2004 the Company enjoyed a favourable development in Germany and its European markets. The reengineering of the Companies processes resulted in a further remarkable increase in the Groups overall profitability. In the second quarter of 2004 the turnover exceeded budget by 25 % and is up to 25,5 Mill. Euro. The turnover of the first half year closed at 53,5 Mio. Euro which repre-sents a plus of 17 % to budget. So Vivanco Gruppe AG grew for two consecutive quarters in the rather stagnating respectively declining markets. The EBIT (Earnings before Interest and Taxes) showed for the second quarter with 0,4 Mio. Euro an even higher plus of 138 % against budget. As per the first half year the Company reached a positive EBIT of 2,0 Mill. Euro and exceeded the budget by 428 %. For seasonal reasons, especially due to the summer vacation period in Europe, Vivanco expects for the third quarter a slow down in sales growth rates. However, Vivanco is convinced to reach a positive and better than budgeted result on EBIT basis even in this low season quarter. For the financial year 2004 Vivanco Gruppe AG assumes to achieve a higher than budgeted turnover and significantly better than budgeted financial results. In the meantime new innovative products were launched successfully to the international markets. In addition the Company managed to expand its client basis. end of ad-hoc-announcement (c)DGAP 22.09.2004 ——————————————————————————– WKN: 760290; ISIN: DE0007602906; Index: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 220855 Sep 04