Ad-hoc | 22 March 2004 14:19

Drillisch AG: Group Figures for Fiscal Year 2003

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Group Figures for Fiscal Year 2003 2003 EBITDA of 13.2 million euros beats company’s own target of 12 million euros; full repayment of bank loans by end of 2003 on cash and cash equivalents of 9.9 million euros and despite VICTORVOX AG acquisition; annual net earnings of 2.6 million euros Drillisch AG today announced its final group figures for fiscal year 2003 that show the company posting positive results in all its operating indicators. The 2003 EBITDA totaled 13.2 million euros. The Drillisch Group also improved its EBITDA on a quarter-to-quarter comparison. In fourth quarter 2003 the company reported an EBITDA of 7.5 million euros following 2.2 million euros in third quarter 2003. Group sales revenues climbed by more than 7% to 154.8 million euros due to the initial inclusion of VICTORVOX AG in the consolidation for the months of November and December 2003. VICTORVOX AG contributed 45.7 million euros to group sales. The EBIT reached 8.4 million euros in 2003 thanks to including VICTORVOX AG and achievements in optimizing costs. Net earnings for the group improved by 1 million euros to 2.6 million euros during the reporting period. In 2003 the Drillisch Group also recorded cash flows from operating activities in the amount of 20.2 million euros. As already reported, the company had no outstanding bank loans as at 31 December 2003. The takeover of VICTORVOX AG in 2003 has been paid in full. As of the 2003 balance sheet date, the Drillisch Group had 9.9 million euros in cash and cash equivalents. As at 31 December 2003 the capital ratio was 42.1 percent and the company had approximately 1.56 million wireless subscribers. end of ad-hoc-announcement (c)DGAP 22.03.2004 ——————————————————————————– WKN: 554550; ISIN: DE0005545503; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 221419 Mär 04