Arrow ECS AG
ComputerLinks AG english

ComputerLinks first quarter: positive earnings and strong operative cash flow Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– ComputerLinks AG has positive earnings and strong operative cash flow in the first quarter ComputerLinks AG, the Neuer Markt quoted IT marketing company, achieved group turnover of 37 million euro in the first quarter 2002, after 38.5 million euro in the same period last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) was 2.2 million euro compared to 3.3 million euro in the first quarter of 2001, the best three-month period of the previous year. The cash flow from current operations was positive amounting to 4.3 million euro (2001: 2.2 million euro). Early indicators suggest that there will be an upturn in business in the second half of the year. After planned depreciation, the group shows earnings before taxes (EBT) of 0.6 million euro in the period reported. In the same period last year, the EBT figure was 1.8 million euro. In the first quarter of 2002 earnings per share before goodwill amortisation was 0.21 euro and 0.00 euro after goodwill amortisation, based on 5,857,220 shares. In the first quarter 2001 earnings per share before goodwill amortisation was 0.34 euro and 0.15 euro after goodwill amortisation (in relation to 5,847,520 shares). The results have benefited from a reduction in fixed costs to 5.9 million euro compared with 6.1 million euro in the first quarter of 2001. Once again, the most important performer was the e-Security division, which increased sales from 20.4 million euro to 25.6 million euro compared with the same quarter last year, representing 69.9 percent of total sales. New contracts have been signed in nearly all business areas with AOL, Foundry, ISS and Radware. ComputerLinks is considering complementing the product portfolio with products in the fast-growing storage sector. We are also considering setting up local offices in Italy and Spain. Support service for end users, already offered successfully in the UK, is now to be offered around Europe. end of ad-hoc-announcement (c)DGAP 15.05.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Our UK subsidiary expects the economic situation to improve within the second quarter 2002. The French subsidiaries are planning to merge and it is hoped that they will be benefit in the near future from an increasing demand for security solutions. Encouraging signals are being received throughout the group from the training sector, which is a sign of an upturn in business, hopefully in the second half of the year, on condition that the general economic conditions also improve. ——————————————————————————– WKN: 544 880; ISIN: DE0005448807; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 150752 Mai 02