Ad-hoc | 14 May 2004 07:29

GERICOM achieves an operating profit in the first quarter

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GERICOM achieves an operating profit in the first quarter Sales revenues of EUR 113.1 m (2003: EUR 125.0 m) – EBIT of EUR 1.86 m (2003: EUR 4.85 m) – Positive contribution from Home Entertainment Linz, May 14, 2004. During the first quarter of 2004, GERICOM AG, which is listed on the SDAX, returned to profitability. As the figures published today reveal, the mobile computing und consumer electronics specialist recorded sales revenues of EUR 113.1 m (2003: EUR 125.0 m) and a positive operating result (EBIT) of EUR 1.86 m (2003: EUR 4.85 m). The Home Entertainment segment, which was only launched a few months ago, made its first major contribution to sales with revenues of around EUR 15 m. At the same time, the inventories of EUR 94.7 m at the end of the 2003 financial year were cut to EUR 57.5 m, so that the company now disposes of sufficient liquidity again. As a consequence, equity was raised from EUR 56.96 m at the end of 2003, to EUR 59.27 m. The equity quota was therefore up at 39.0% (31.12.2003: 28.83%) In addition, order backlog as at March 31, 2004, showed solid development. With EUR 37.8 m (2003: EUR 59.6 m) this represents an excellent platform for the sustained, operative success of the company in 2004. Following this positive start, the company assumes that seen overall, the 2004 financial year, which will primarily be characterised by consolidation processes, will prove successful. Accordingly, the Managing Board anticipates a profit for the year as a whole. The complete quarterly report is available on the company website and can be accessed at http://www.gericom.com. For further information please contact: GERICOM AG Ingo Middelmenne Head of Investor Relations & Corporate Communications Industriezeile 35 A-4021 Linz Tel.: +43-732-7664-9113 Fax: +43-732-7664-113 E-Mail: middelmenne@gericom.com http://www.gericom.com end of ad-hoc-announcement (c)DGAP 14.05.2004 ——————————————————————————– WKN: 565773; ISIN: AT0000729108; Index: SDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 140729 Mai 04