Ad-hoc | 30 May 2003 07:29

Drillisch AG english

Drillisch AG publishes guidance for the financial year 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Guidance for 2003: EBITDA at 7.9 million euros SES Rating GmbH confirms sustained improvement in Drillisch rating On the occasion of its Shareholders Meeting, which takes place today in Frankfurt, the Drillisch Group is setting itself a target for the overall year 2003 to take immediate effect. In line with this guidance, the company expects to close the year having generated an EBITDA (Earnings before interest, taxes, depreciation and amortisation) of 7.9 million euros. Back in August 2002, the company had published an EBITDA guideline of 5.7 million euros for the overall year 2002, which was then in fact exceeded by some 16%, with an EBITDA reaching 6.6 million euros. In spite of difficult market conditions the Group will therefore increase its EBITDA by nearly 20% in 2003 compared with 2002. SES Rating GmbH has also confirmed the sustained improvement in earnings power demonstrated by Drillisch. The most recent SES Survey (EquiRisk-Rating dated 22.05.2003) reports that Drillisch AG is demonstrating “a considerable improvement in the consistency of its revenues, a reduction in operative leverage and an increase in profitability”. The current SES rating has improved from D to B-, and the outlook continues to be positive. Setting this target clearly demonstrates that Drillisch AG intends to continue its positive earnings trend through 2003, as well. end of ad-hoc-announcement (c)DGAP 30.05.2003 ——————————————————————————– WKN: 554550; ISIN: DE0005545503; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 300729 Mai 03