Ad-hoc | 13 May 2003 07:30

DEWB AG english

DEWB report for the first quarter 2003. Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEWB report for the first quarter 2003. DEWB realizes a number of smaller investment sales. Negative EBIT due to value adjustments. Noticeable profits at the start of the second quarter. DEWB continues to invest in its portfolio and intends to continue exploiting opportunities of market consolidation. The DEWB Group (Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft) generated sales of 2.7m euros in the first three months of 2003. These resulted from the sale of part of the Herrenknecht investment holding as well as of the entire stake in I-D Media. In addition, optic – optical technology investments ag, included in consolidation since early 2003, disposed of an item from its portfolio after this had recorded a very positive development in share price. The DEWB Group reported an EBIT of minus 3.7m euros (prev. year: minus 1.4m euros). The main reason for this negative result was the further deterioration in the mood on the capital markets up to the middle of March. During this period, the DAX lost about 30%. This led to the need for value adjustments to the investment portfolio of 4.0m euros. The period result was minus 4.2m euros. As a result of the recovery in the capital market which began at the start of the second quarter 2003, the market values of the quoted investments have shown a positive trend. The beginning of the second quarter therefore saw noticeable profits. As at 31 March 2003 the DEWB Group held investments in 48 companies from its target sectors of optoelectronics, biotechnology and Telecoms/IT. In the first quarter 2003, DEWB invested a total of 1.9m euros in its existing portfolio and one new investment. The investment volume, comprising the book values of the investments and the securities, totaled 90.5m euros as at 31 March 2003. DEWB intends to continue actively exploiting the ongoing consolidation in the German investment market to expand its market position as a leading German investment company focusing on optics. In addition to the acquisition of investments in companies in the target sectors of optoelectronics and biotechnology, DEWB also continues to examine growth opportunities through the acquisition of shares in as well as partial or complete portfolios of other investment companies. Contact: Steffen Schneider, DEWB AG, Investor Relations Phone / Fax: ++49 3641 65 2290 / 65 2157 E-Mail: steffen.schneider@dewb-vc.com, Internet: http://www.dewb-vc.com end of ad-hoc-announcement (c)DGAP 13.05.2003 ——————————————————————————– WKN: 804100; ISIN: DE0008041005; Index: Listed: Amtlicher Markt in Berlin-Bremen und Frankfurt (Prime Standard) 130730 Mai 03