Vivanco Gruppe AG

Earnings Release • Aug 20, 2004

News Details

Ad-hoc | 20 August 2004 09:42

VIVANCO achieves turn-around in the first quarter of 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– VIVANCO achieves turn-around in the first quarter of 2004 Vivanco Gruppe AG with its headquarter in Ahrensburg, Germany, is one of Europe’s leading accessory specialists in the field of Consumer Electronic, In-formation Technology, Telecommunications and Access Technology. In accordance with its comprehensive and successful strategy realignment Vivanco Gruppe AG was successful in achieving a turn-around in the first quarter of 2004, thus much earlier than planned, after losses in 2002 and 2003. In the first quarter of 2004 the turnover increased compared to budget by 11 % up to 28 Mio. Euro. This in contrary to the stagnant respectively declining markets in this line of business. The EBIT, i.e. the result before interests and taxes, was more than doubled compared to budget to a level of 1,6 Mio. Euro. The company expects that they can continue this positive trend as well as turnover and financial results are concerned also for the second quarter of 2004. This trend will surely be supported especially in the following quarters by launching new innovative and profitable products to the markets. end of ad-hoc-announcement (c)DGAP 20.08.2004 ——————————————————————————– WKN: 760290; ISIN: DE0007602906; Index: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 200942 Aug 04