Ad-hoc | 8 January 2004 08:59

AC-Service AG: Significant Business Order to End in 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AC-Service AG:Significant Business Order to End in 2004 Loss in annual sales volume of some EUR 2.5 million in IT Outsourcing division. One-time charges against 2003 earnings cannot be ruled out. Stuttgart, 8 January 2004 – Just before the close of last year, AC-Service was notified of the termination of an important services agreement, which for many years had generated sales revenues (predominantly from data-processing services) for its IT Outsourcing division. These revenues totaled some EUR 2.5 million in 2003. The contract termination’s exact date and terms are still the subject of negotiations. The Board of Directors assumes that the agreement will end in the latter half of 2004. Appropriate cost-adjustment measures are being prepared, especially in the area of client-specific infrastructures and personnel resources. One-time charges against annual earnings for 2003 cannot be ruled out and no reliable estimate can as yet be made regarding their amount. Announcement of the contract relationship being terminated came despite the high-quality services provided by AC-Service and was made primarily with a view toward the client’s intended switch to a custom solution to be operated by a different service provider. To compensate for this, the Board of Directors and management are driving the effort to win new services orders in the field of implementing and operating mySAP-based standard software solutions from the Outsourcing Service Center. end of ad-hoc-announcement (c)DGAP 08.01.2004 ——————————————————————————– WKN: 511000; ISIN: DE0005110001; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 080859 Jän 04