Ad-hoc | 12 March 2002 07:29

BOV AG english

2001 fiscal year still dogged by restrained inclination to invest Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– BOV AG enters the year 2002 with record level of orders in hand With sales revenues of EURO 28.1 million, BOV AG is showing an EBITDA of -EURO 8.2 million in the 2001 annual report and accounts. This figure is lower than expected (sales revenues of EURO 29.0; EBITDA of -EURO 5.8 million) published at the end of the 3rd quarter of 2001. After amortisation to the sum of EURO 2.9 million (EURO 2.2 million amortisation of goodwill) BOV AG has recorded EBIT of -EURO 11.1 million in the year-end financial statements. The persistent reticence of the IT market to invest resulted in a 4th quarter with unexpectedly low sales revenues which were EURO 0.9 million below expectations and had a totally negative effect on EBITDA. Furthermore, additional precautionary risk management measures were implemented within the scope of the year-end closure. BOV AG can look forward to the 2002 fiscal year with optimism with a record level of orders in hand of EURO 27.5 million. The final consolidated financial statements as well as details appertaining to the 2001 fiscal year and plans for the year 2002 will be announced by BOV AG at an annual statement press conference on 20 March 2002 in Düsseldorf. end of ad-hoc-announcement (c)DGAP 12.03.2002 ——————————————————————————– WKN: 549 370; ISIN: DE0005493704; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München , Stuttgart, Hannover 120729 Mär 02