BEKO Holding AG
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Half-yearly figures 2002 BEKO Holding AG: Greater drop in sales and earnings
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Half-yearly figures 2002 BEKO Holding AG: Greater drop in sales and earnings
Vienna. August 30th, 2002.
Sales at BEKO Holding AG fell by 22% to EUR 34.5 m. and the EGT by 350% to EUR
-7 m. compared to the first six months in 2001. The group result for the period
deteriorated by EUR -1.8 m. The earnings per share comes to EUR -0.81.
The negative half-yearly figures can be attributed primarily to the negative
operating result which led to additional goodwill adjustments and the negative
price trend on the Neuer Markt. In the majority of cases, the holdings failed to
bring the personnel costs into line with the deteriorating sales trend.
The Customer Care area still displays the most momentum at this time. The CLC
Group managed to strengthen its market position in spite of the strong
competition and the difficult market conditions particularly in the Call Center
area. Nevertheless, the CLC Group still lies below the projected sales and
earnings target as the restructuring costs for Camelot AG are much higher than
expected.
The Systems Care area has been hit the worst by the poor economic conditions.
Pallas Soft AG and BEKO Ing. P. Kotauczek GmbH had to contend with a significant
decline in sales and earnings. This can be attributed to the drastic savings
measures in the Banking, Insurance and Telecommunications areas.
The Data-Care area is currently displaying a very positive development trend.
AC-Service AG, which has continued to expand its outsourcing business and, in so
doing, has been able to make better use of existing infrastructures and
resources, has managed to increase sales and earnings for the fifth consecutive
quarter. The stock price, however, does not reflect this positive trend at this
time.
Management anticipates that the negative operating result will also have a
negative effect on the figures for Q3 2002. A turning point in the earnings
trend is expected in Q4 2002, provided, of course, that the economic environment
does not deteriorate even further. By the end of the year, major restructuring
and some final consolidation will be required within the portfolio of affiliated
enterprises.
IAS Figures Group Financial Statement Unit 2001/Q1-2 2002/Q1-2 2002:2001
Revenues EURm. 44.0 34.5 -21.7%
Operating profit before depreciations
(EBDIT) EURm. 3.1 -2.7 -186.3%
Result from ordinary activities (EBIT) EURm. 1.6 -5.2 -419.0%
EBIT margin as % of revenues % 3.7% -15.2%
Pre-tax profit (EGT) EURm. 2.8 -7.0 -349.5%
Profit after taxation EURm. 1.5 -5.9 -483.4%
Group result for the period* EURm. 1.9 -4.8 -348.7%
Group balance sheet total EURm. 10.2 3.0 -70.4%
Employees (Average) Persons 1,023 950 -7.1%
Earnings per individual share certificate EUR 0.33 -0.81 -347.3%
BEKO Holding AG
PR/IR & Communication, Dr. Max Höfferer
Modecenterstrasse 22/A1, A-1030 Vienna
Tel.: +43 1 797 50 – 244, Fax; +43 1 797 50 – 8004
max.hoefferer@beko.at, http://www.beko-holding.com
end of ad-hoc-announcement (c)DGAP 30.08.2002
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WKN: 920503; ISIN: AT0000908603; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
300834 Aug 02
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