Ad-hoc | 20 May 2003 08:42

plenum AG english

plenum AG: return to profitability following restructuring last year Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– plenum AG: return to profitability following restructuring last year – Revenue stabilizes at EUR10.6 million – EBITDA approx. EUR0.4 million Wiesbaden, May 20, 2003 According to its preliminary figures, plenum AG generated revenue of approximately EUR10.6 million in the first three months of fiscal year 2003 (Q1 2002: EUR12.0 million). The company has thus stabilized its revenue as against the previous quarter (EUR10.9 million). After restructuring measures and value adjustments impacted the operating result in the past fiscal year, Q1 2003 saw a return to positive territory, with EBITDA of just under EUR0.4 million. Although the level of revenue recorded in the first quarter was relatively weak in regard to 2003 as a whole, the positive result underlines the appropriateness of the scope and timing of the restructuring measures performed last year in order to ensure profitable business development. With net income for the period of approximately EUR0.1 million, plenum has shown that returning to profitability is the company’s top priority. Earnings per share for the first quarter amounted to EUR0.01, for a total of 9,577,068 no-par value shares. In view of the continuing uncertainty and muted outlook for the economy, no reliable forecast can be given for 2003 as a whole at present. However, assuming that plenum’s business environment does not deteriorate further, the Managing Board ex-pects to generate revenue in line with last year’s level and positive consolidated net income. The full quarterly report for Q1 2003 will be available at http://www.plenum.de from May 27, 2003 onwards end of ad-hoc-announcement (c)DGAP 20.05.2003 ——————————————————————————– WKN: 690100; ISIN: DE0006901002; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 200842 Mai 03