BEKO Holding AG
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BEKO Holding AG Quarterly Report 3/2002
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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BEKO Holding AG Quarterly Report 3/2002: Price losses and insolvency have a
negative impact on financial result
Vienna, November 29th, 2002 – In the first nine months of 2002, consolidated
sales of BEKO Holding AG fell by 24% to 48.7 MEUR and the EGT from +2.6 MEUR
to -12.7 MEUR. The group result for the period deteriorated from +1.8 MEUR to
-8.9 MEUR. The deficit for the period can be attributed to the negative price
trend of the holdings as well as the provisional insolvency of Pallas Soft AG.
The cash reserves remain at the same level as the previous quarter at 20 MEUR.
This puts the current cash coverage at 3.34 EUR per share.
The Systems-Care area has been hit the worst by the poor economic conditions.
In the quarter under review, Pallas Soft AG had to declare provisional
insolvency which, with the pro-rata loss together with goodwill amortisation,
led to a negative group result before tax of 3-8 MEUR in the first three
quarters of 2002. At Brain Force Software AG, the dramatic price loss led to a
value adjustment to the amount of 1.1 MEUR in spite of the positive result in
the quarter under review. Although BEKO Ing. P. Kotauczek GmbH reported a
decline in sales and earnings compared to the same period the previous year,
the Company did manage to stop the downward trend and achieved a positive
quarterly result before fax of 269 TEUR. A positive result was reported in the
area of engineering Services in the quarter under review. This can be attributed
to the positive results achieved by BEKO Engineering Hungary and
BEKO Engineering Czecn Republic.
In the Customer-Care area, Offert.com doubled sales in the first nine months
compared to the same period the previous year and lowered the EGT from -920
TEUR to -421 TEUR. A positive quarterly result was reported in 03 2002. CLC AG
is still focussing on Integrated Customer Care Solutions in Eastern Europe. The
price loss* at CLC AG and the resulting value adjustment and pro-rata losses
depress the group result before fax to the amount of 4.9 MEUR in the first
three quarters of 2002. The positive development in the Data-Care area in the
first six months continued in the quarter under review. The positive business
trend in HY1 in which AC-Service AG reported an 8% increase in sales compared
to the previous year and a clearly improved EBIT of 2.1 MEUR was extended to
the first three quarters 2002.
IAS-Figures Group Financial Statement Unit 2001/Q1-3 2002/Q1-3
Revenues EUR m. 64,0 48,7
Operating profit before depreciations (EBDIT) EUR m. 3,9 -2,9
Result from ordinary activities (EBIT) EUR m. 1,7 -6,0
EBIT margin as % of revenues % 2,6% -12,4%
Result before tax (EGT) EUR m. 2,6 -12,7
Result after tax EUR m. 1,2 -9,9
Group result ofthe period EUR m. 1,8 -8,9
Group balance sheet total EUR m. 10,0 -1,2
Employees (Average) Persons 1.044 928
Earnings per individual share certificate EUR 0,30 -1,49
* Following consultation with the auditors, the price trend ofthe CLC AG share
was considered in the group accounts up to November 25th, 2002.
end of ad-hoc-announcement (c)DGAP 29.11.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
BEKO Holding AG
PR/IR & Communication, Dr. Max Höfferer
Modecanterstrasse 22/A1, A-1030 Vienna Tel,: +43 1 797 50 – 244.
Fax: +43 1 797 50 – 8004
max.hoefferertgibeko.at
http://www. beko-hold inq .coni
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WKN: 920503; ISIN: AT0000908603; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
290842 Nov 02
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