ADS System AG
ADS System AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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ADS System cuts earnings forecast for 2001.
Sales growth still in treble figures.
Bad Homburg, October 4, 2001. Network provider ADS System (security code no.
514780) has just corrected its earnings forecast for the current business year
2001. The reasons for this are the investments that have been made in new lines
of business and sales regions and the difficult business environment. Due to
considerable investor restraint among customers, the turnover figure planned by
ADS System AG in Germany is no longer considered realistic by the management.
Although the new foreign company established in Austria this year will
compensate for this loss in turnover, it will not yet run at a profit.
For these reasons, ADS System AG is expecting the company to close the year with
a deficit of Euro -1.1 to -1.6 m after goodwill amortization and tax. Sales
volume is predicted to be 46 to 49 million Euros. These figures show sales
growth of 210% compared with last year and a 36% increase in earnings, this
means that the sales figure will probably be higher than originally planned and
the earnings figure lower. This development could de-couple ADS System AG from
the general trend in the business. For the 3rd quarter that has just ended, the
company is anticipating sales growth of 305% compared with the same 9-month
period in 2000.
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ADS System Investor Relations, Kay Fautz, Steinmühlstraße 26, 61352 Bad Homburg,
Fon +49-6172-288-280, Fax +49-6172-288-403, e-Mail IR@ads.de, Internet:
www.ads.de
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end of ad-hoc-announcement (c)DGAP 04.10.2001
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WKN: 514780; Index:
Listed: Neuer Markt in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und
Stuttgart
042024 Okt 01
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