Ad-hoc | 16 May 2001 01:12

Ad hoc-Service: AC-Service AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Expectations Fulfilled for First Quarter 2001 Continuing operations post sales plus of 15%. Positive operating result. Accelerated growth in SAP-based business. Stuttgart, 16 May 2001 Following the 1 October 2000 sale of the Distribution Solutions business division, AC-Service’s clear focus on high quality Outsourcing and Human Resource Services continues making progress as scheduled. First quarter 2001 closed in line with expectations of the board. The IT company posted total sales of EUR 11.5 million (prior year: EUR 10.1 million) in its continuing operations. This sales growth of some 15% over first quarter 2000 is attributable almost entirely to the IT Outsourcing division’s SAP-based activities, which generated sales totaling EUR 5.7 million (prior year: EUR 4.3 million). Included in this figure are sales of EUR 0.7 million (prior year: none) from the equity stake in the SAP consulting company Process Partner AG. The Human Resource Services division is on par with the year-earlier period having posted sales of EUR 4.6 million. Other sales revenues totaled EUR 1.2 million (prior year: EUR 1.2 million). The EBIT of EUR 0.3 million (prior year: EUR 1.2 million) in the continuing operations continues to move as planned and reflects major burdens for expanding the SAP business. The tax charge for the continuing operations amounts to 93% (prior year: 42%) of the pretax earnings of EUR 0.3 million (prior year: EUR 1.2 million) since individual group company losses were unable to be applied for tax purposes. After deductions for minority interests, the earnings of EUR 0.1 million (prior year: EUR +0.7 million) indicate a virtually balanced result for the quarter, equating to earnings per share (IAS) of EUR 0.02 (prior year: EUR +0.12) in the continuing operations. The full-time staffing equivalents within these continued divisions as at 31 March 2001 totaled 317 individuals (prior year: 287). In 2001 AC-Service will continue to expand its SAP-based business operations. Reaching the sales and earnings objectives in first quarter 2001 reaffirmes the strategic direction. Additional information is available on the Internet at www.ac-service.com end of ad hoc announcement (c) DGAP 15.05.2001 ——————————————————————————– WKN: 511000; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 160112 Mai 01