Ad-hoc | 6 August 2002 07:00

Funkwerk AG english

Interim report of Funkwerk AG: Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Interim report of Funkwerk AG: Sales increase of 54.5 % as against the previous year; orders on hand grow by 53.9 % to EUR 109.3 million; operating result (EBIT) of EUR +2.9 million far above plan. The growth of Funkwerk AG (WKN: 575 314) in the first six months of 2002 was spurred on by the continuous, dynamic inflow of orders and the new business segment, Private Networks. The market leader was able to increase its sales of professional communication systems for traffic and logistics by 54.5 % to EUR 45.4 million as against the first six months of the previous year (EUR 29.4 million). The orders on hand grew by 53.9 % to EUR 109.3 million (previous year: EUR 71.0 million). In addition, an operating result (EBIT) of EUR 2.9 million by the end of the first six months meant that Funkwerk had managed to far exceed its projections (EUR -0.4 million), reporting the best quarterly result to date, i.e. EUR + 2.2 million. This is all the more satisfactory since the necessary outlays for the major contracts in the Professional Mobile Radio Systems segment burdened the first- half result while the final accounts for several larger projects are not drawn up until the second half of the year. Thus, while the first-half EBIT may be lower by 14.7 % compared with the previous year (EUR +3.4 million), with well over three millions Euro it is above the target range. Therefore, the result per share (after DVFA) was EUR 0.29. By the end of the first six months of 2002, the incoming orders of EUR 48.8 million even exceeded the achieved sales volume. The availability of liquid funds for Funkwerk AG continues to be exceedingly satisfactory. The cash flow after DVFA showed a definite increase to EUR 5.6 million by the end of the first six months, thus being around 16.2 % above the figure for the previous year (EUR 4.8 million). Based on the realised sales by the end of the first six months of 2002, together with contracts to the amount of EUR 45.2 million, which will not affect sales until the second half of the year, 88 % of the annual plan of Funkwerk are already secure. Therefore, we are pleased to reconfirm our consistently positive growth prospects for the 2002 financial year: increased sales by 50 % and earnings by around 33 %. This corresponds to annual sales amounting to EUR 103 million and an oper-ating result (EBIT) of EUR 8.8 million. end of ad-hoc-announcement (c)DGAP 06.08.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: 30.6.2002 30.6.2001 Revenue 1) 45,4 29,4 EBIT 1) 2,9 3,4 Consolidated net income 1) 2,1 2,1 DVFA-Net earnings per share(Euro) 0,29 0,34 Incoming oders 1) 48,8 70,0 total orders 1) 109,3 71,0 Cashflow DVFA 1) 5,6 4,8 Employees 619 334 1) in Mio. Euro The full interim report of Funkwerk AG for the period under review from 1 January to 30 June 2002 is available on the Internet on the Funkwerk AG web site at www.funkwerk.com. For further details please contact: Funkwerk AG Im Funkwerk 5 D-99625 Kölleda/Thüringen Katrin Schwarz Investor Relations Telefon: 0 36 35/6 00 -3 35 Fax: 0 36 35/6 00 -3 99 schwarz@funkwerk.com MedienManagement Ysenburgstraße 7 D-80634 München Sebastian Brunner Tel.: 0 89/13 95 96 -33 Fax: 0 89/13 95 96 -34 Mobil: 01 75/5 60 46 73 sebastian.brunner@medienmanagement.de ——————————————————————————– WKN: 575314; ISIN: DE0005753149; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Dortmund, Hamburg, Hannover, München und Stuttgart 060700 Aug 02