Ad-hoc | 20 August 2002 08:43

CENIT AG Systemhaus english

6 Months Figures 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Stuttgart, August 20, 2002 – CENIT AG Systemhaus reaffirms its original estimates for the current financial year. Based on our performance in the first six months of 2002, we are well on track to achieving positive consolidated earnings for the full financial year. 6 Months 2002 6 Months 2001 Variance in million Euro in million Euro in % Sales 45,88 62,54 26,6 Gross Profit 26,45 35,7 25,9 EBITDA 0,56 -2,18 125,7 EBIT -0,70 -4,99 86 EBT -0,93 -5,5 83,1 EPS basic in Euro -0,19 -1,35 85,9 EPS diluted in Euro -0,19 -1,28 85,2 Employees 590 885 33,3 The first six months of 2002 continue to be affected by the strained economic climate. Nevertheless, CENIT recorded incoming orders worth EUR 32.5 million. For the subsidiaries, business also turned out positive, meeting our expectations. Around 78% of consolidated revenues within the CENIT Group is generated in Germany. Here, revenues for the first six months of the 2002 financial year amounted to EUR 35.9 million. Gross profit stood at EUR 20.2 million. EBITDA amounted to EUR 0.75 million in Germany. A strong second quarter in Germany proved to be a key contributor within this respect. In Germany, EBIT for the first six months stood at minus EUR 0.1 million. CENIT Schweiz AG generated revenues of EUR 1.09 million, with an EBIT of minus EUR 0.16 million. Spring Technologies/CENIT France posted revenues of EUR 9.28 million and a slightly below-par EBIT result of minus EUR 0.23 million. Our sales office CENIT North America recorded revenues of EUR 0.44 million and positive earnings before interest and taxes of EUR 0.12 million. CENIT AG’s Cash Flow from operating activities amounted to EUR 4.28 million. At the end of the period under review, cash and cash equivalents were EUR 1.48 million. Staff costs for the Group fell by 28% relative to the previous year. Costs developed in accordance with our financial planning, and were reduced by 29% compared to 2001. The complete 6 Months Report is posted on CENIT`s webpage: www.cenit.de. end of ad-hoc-announcement (c)DGAP 20.08.2002 ——————————————————————————– WKN: 540710; ISIN: DE0005407100; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 200843 Aug 02