Ad-hoc | 18 July 2000 17:22
Ad hoc-Service: bmp AG
growth forecast increa
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AD-HOC REPORT
Berlin, 18 July 2000
bmp AG: Growth Forecast Increased for 2000 and 2001
Berlin, 18 July 2000 – The Executive Board of SDAX-listed bmp AG today
announced an updated business plan for 2000 and set out the main financial
effects to be anticipated from the alliance with Roland Berger Group and from
the lowering of German corporation tax for 2001:
. Year 2000 post-tax earnings forecast of EUR 0.15 per share (EUR 7.6 million)
confirmed despite equity increase – a gain of more than 440% on 1999.
. Group post-tax income to rise more than 200% from EUR 7.6 million in 2000 to
EUR 23.1 million in 2001.
. Post-tax earnings per share to rise 180% from EUR 0.15 in 2000 to EUR 0.42
in 2001.
. Sales forecast raised by 56% from EUR 28.7 million to EUR 45 million for
the 2000 financial year and by 32% from EUR 56.4 million to EUR 75 million
for the 2001 financial year.
bmp AG has raised its sales forecast for the 2000 financial year by 56% from
EUR 28.7 million to EUR 45 million. Despite a planned 10% equity increase
connected with the strategic alliance with Roland Berger Group, the Executive
Board has retained its earnings forecast of EUR 0.15 per share for the 2000
financial year. Shareholders will thus not see any dilution of earnings in
2000 as a result of the cooperation with Roland Berger.
Beginning in 2001, the alliance with Roland Berger Group will have a lasting
positive impact on bmp AG’s already strong growth figures. Accordingly, bmp
has raised its growth forecast for 2001 by 33% from EUR 56.4 million to EUR 75
million. Group profits are budgeted to rise despite the 10% dilution of the
capital stock, bringing post-tax earnings per share up to EUR 0.42, an increase
of 46% over the previous business plan for the 2001 financial year.
The tax reforms enacted last Friday will lend a sustained boost to the
development of the entire venture capital industry in Germany. bmp AG will be
a major beneficiary of the reforms, under which the tax on sales of equity
holdings will be abolished in 2002. DVFA earnings – the originally post-tax
earnings figure stated to the German DVFA accounting standards – will rise
significantly solely as a result of the positive tax effect from 2002.
Contact:
Alexander Faust
Investor Relations Manager
Charlottenstrasse 16
10117 Berlin
Germany
Phone: +49-30-20 30 50
Fax: +49-30-20 30 55 55
E-mail: afaust@bmp.com
http://www.bmp.com
Stock ID: 523 540
Outstanding shares: 48.8 million NPV shares
Indices: SDAX/SMAX/CDAX
Ende der Mitteilung