Arrow ECS AG
ComputerLinks AG english

ComputerLinks on schedule after nine months Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– ComputerLinks on schedule after nine months The IT marketing company ComputerLinks AG, Munich, which is listed on the Neuer Markt, increased its group turnover in the 3rd quarter 2001 by 16% to a total of 39 million euro, compared with the same quarter last year. In the last quarter the Group achieved an EBITDA of 2.3 million euro (same quarter last year: 3.1 million euro). With these results ComputerLinks is within the revised planned figures for the entire business year 2001. ComputerLinks AG increased its group turnover by 68 % from 70.8 million euro to 119 million euro in the first nine months of this year. Thus we have already exceeded the total sales of last year of 111.5 million euro. The strength of the US dollar and the pressure due to increasing competition in a weak economic environment have resulted in a reduction of gross profit margins. Correspondingly, earnings from operations before interest, taxes, depreciation and amortisation (EBITDA) went up by 42% from 5.9 million euro to 8.4 million euro, representing a lower percentage increase than that of the turnover. Goodwill amortisation due to acquisitions reduced Group earnings by 3.5 million euro in the first nine months of this year. Taking into account a small financial cost of 0.2 million euro the Company has posted earnings before tax (EBT) in the amount of 3.7 million euro compared with 3.9 million euro in the comparable period last year. Cash flow (in accordance with DVFA/SG) at 5.8 million euro exceeded the equivalent sum of 4.8 million euro last year. ComputerLinks achieved earnings per share of 0.84 euro before goodwill amortisation and 0.23 euro after goodwill amortisation, based on 5,852,304 shares. In the comparable period in the prior year, EPS before goodwill amortisation was 0.80 euro and 0.42 euro after goodwill amortisation, based on 5,261,902 shares outstanding at that time. Ray French will resign as a member of the Supervisory Board on December 17, 2001. We anticipate an upturn in the IT-sector in the course of the year 2002. On the basis of our revised planned figures we still believe that we will reach the turnover forecast for the Group amounting to 159 million euro and an EBITDA of 11 million euro for the entire business year 2001. end of ad-hoc-announcement (c)DGAP 15.11.2001 ——————————————————————————– WKN: 544 880; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 150730 Nov 01