Ad-hoc | 29 August 2001 08:28

DEWB AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB asserts itself in a difficult market environment. After the first half year EBIT at a high level at 28 million euros – Result for 2001 is to be held at this level. In the first half year DEWB AG (Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft) achieved sales of 37.4 million euros in a difficult market environment. This corresponds to a decline as compared with the same period last year of nearly 61%. In spite of the considerably lower sales, DEWB has been able to achieve an operating result (EBIT) of 28.3 million euros. In comparison with the same period last year this corresponds to a fall of 29.2%. The year’s net income was increased in the half-yearly comparison by 11.7%, to 21.7 million euros. The main contribution to sales and earnings came from the sale of the quoted shares in CyBio AG within the framework of a private placement at the beginning of 2001. DEWB refinanced new investments using these resources. Within the framework of the IPO of Müller – Die lila Logistik AG in May 2001, no shares were sold. The healthy balance sheet and solid liquidity position continue to secure the long term growth of DEWB. The equity ratio rose by nine percentage points to 54%. DEWB has used the good financial situation and during the first half year of 2001 invested a total of 26.9 million euros in new holdings and, on the basis of contractually agreed milestone payments, in already existing shareholdings. In the present difficult market environment, DEWB achieved a very good result in the first six months of 2001. Due to the current capital market situation, DEWB is assuming, over the short term perspective, that no other major transactions can be carried out in the second half of 2001 which will make a positive contribution to the result for the year 2001. Against this background DEWB’s objective is to secure the result achieved so far. This presupposes, however, that the capital market does not continue to deteriorate. In addition, DEWB is also preparing quality companies from the portfolio for a launch on to the stock market even during the period of weakness of the capital market, so that in 2002 further holdings can be brought on to the market. Contact: Steffen Schneider, Investor Relations, Phone/Fax: ++49-3641 652290/3629 end of ad-hoc-announcement (c)DGAP 29.08.2001 ——————————————————————————– WKN: 804100; Index: Listed: Amtlicher Handel in Berlin und Frankfurt 290828 Aug 01