Ad-hoc | 8 April 2002 08:26

DEWB AG english

DEWB achieves 2001 EBIT of 25.1 million euros. Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB achieves 2001 EBIT of 25.1 million euros. Result bucks industry trend. DEWB again one of the most profitable Venture Capital companies in Germany in 2001. With earnings before income tax (EBIT) of 25.1 million euros, DEWB AG (Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft) was again one of the most profitable VC companies in Germany over the past financial year 2001. DEWB generated a net income of 20.7 million euros, representing earnings per share of 1.92 euros. Sales totalled 43.2 million euros, 70% down on the corresponding period in the previous year. EBIT fell by 51% and the net income by 37%. These figures are adjusted by write-downs of the investment portfolio totalling 10 million euros, some 9% of its total book value. The major earnings drivers were sales of shares in quoted companies and trade sales. Over the past year DEWB invested a total of 50.8 million euros in direct investments and securities. In addition to investments in existing holdings, in 2001 DEWB acquired seven new investments. The invested capital, composed of the book values of the VC investments and the securities of quoted companies, increased by 26.7% to 108.9 million euros against the figure at 31.12.2000. At year-end 2001 the DEWB portfolio comprised 36 VC investments in the targeted growth sectors of optoelectronics, biotechnology and IT/telecoms. At the end of the past financial year the equity ratio had been increased to 51%. DEWB is planning further new investments in 2002. Once again, the focus will be on key technologies in the optical field, based on the company’s core know-how. The company expects the major earnings and profit drivers in the current year to be trade sales and sales of shares in quoted companies. Furthermore, as a result of the change in tax legislation, from 2002 on earnings will remain largely tax-free. Contact: Steffen Schneider, DEWB AG, Investor Relations Telephone / Telefax: ++49 3641 65 22 90 / 65 36 29 E-Mail: steffen.schneider@dewb-vc.com, Internet: http://www.dewb-vc.com end of ad-hoc-announcement (c)DGAP 08.04.2002 ——————————————————————————– WKN: 804100; ISIN: DE0008041005; Index: Listed: Amtlicher Handel in Berlin und Frankfurt 080826 Apr 02