Ad-hoc | 24 April 2001 07:32

Ad hoc-Service: Vivanco Gruppe AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– Vivanco Gruppe AG – restructuring ensures return to previous revenue strength Ahrensburg, 24 April 2001. After a year of consolidation and restructuring the Group, Vivanco Gruppe AG will return in the coming financial year to its accustomed path of growth with two-digit growth rates and positive and clearly increasing revenue. In the current 2001 financial year, turnover is expected to increase by around 9 % to more than DM 360 (previous year 329.2) million. Despite the high cost of restructuring the Group, the Board of Management expects a positive EBIT of DM 16.2 million and a positive result before tax of DM 4.1 million. For the 2002 and 2003 financial years, turnover of DM 415 million and DM 485 million and results before tax of DM 9.4 million and DM 23.7 million respectively are planned. The concept, already in effect, for restructuring the company is decisive for the distinct improvement in results. To finance the continued organic growth of the company, a profit participation certificate placement with a volume of around DM 30 million will be proposed to the Annual General Meeting on 14 June. Single or multiple participation rights are to be issued up to 13 June 2006. For the first tranche, which is to be placed before the end of this year, the right to convert rights into Vivanco shares at a ratio of 1:1 is provisionally planned from 31 December 2002. Vivanco shareholders are entitled to a subscription right. The Board of Management will also propose a share repurchase programme of up to 10% of the equity capital at the Annual General Meeting. At the same time, Vivanco Gruppe AG announced its final figures for the 2000 financial year: turnover was increased by 33.6% to DM 329.2 (246.7) million. At 16.3 (+ 9.0) million, the annual deficit was around DM 0.9 million better than preliminary figures had suggested. Further details, in particular regarding the restructuring of the Group and plans for the coming years, will be announced by the Board of Management today, Tuesday at 10.00 a.m. at the financial statements press conference in Hamburg (Hotel Steigenberger) and at 5.00 p.m. at a DVFA analysts’ conference in Frankfurt (Hessischer Hof). Contact Vivanco Gruppe AG Investor Relations Ewige Weide 15 D-22926 Ahrensburg Tel 49 (4102) 231-0 Fax 49 (4102) 231-207 Email: vivancoag@vivanco.de Karsten Pomaska, Investor Relations/ Controlling Email: kpomaska@vivanco.de Wolfhardt Bless, Public Relations/ Investor Relations E-Mail: wbless@vivanco.de end of ad hoc announcement, (c) DGAP 24.04.2001 ——————————————————————————– WKN: 760290; Index: SDAX Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 240732 Apr 01