Eurobike AG
Eurobike AG
Ad-hoc-Mitteilung übermittelt durch die DGAP.
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
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Düsseldorf, 1 June 2001 , EUROBIKE AG, Düsseldorf, reported a consolidated loss
of DM 44.6 million (H1 1999/2000: profit of DM 1.2 million) for the first half
of 2000/2001 (30 September) on consolidated sales which increased by 5.6% to DM
211.5 (200.4) million. Earnings before interest and taxes (EBIT) declined to a
negative DM 14.1 million from a positive DM 7.99 million. The drop in earnings
is attributable to an extraordinary result of DM 24 million before taxes and
lower-than-planned sales revenues. The extraordinary result is due to an
allowance for receivables and other assets. Group sales were weighed down by the
wintry weather prevailing almost throughout the entire second quarter.
A consolidated loss of up to DM 80 million (up to DM 65 million for Eurobike AG)
is expected for full FY 2000/2001 on sales of approx. DM 515 million.
The expected consolidated loss includes the allowance for receivables and other
assets of DM 24 million mentioned above as well as value adjustments of DM 26
million for inventories, DM 18 million for interest and DM 12 million for
restructuring expenses of the EUROBIKE Group. EBIT should be almost balanced in
FY 2000/2001. The Managing Board of EUROBIKE AG has therefore developed a
restructuring concept in cooperation with Düsseldorf-based consultants Droege &
Comp. AG, which will be implemented with immediate effect. In view of the
measures that have been initiated, the Managing Board expects a clearly positive
result for the next fiscal year.
Ends
Ende der Ad-hoc-Mitteilung (c) DGAP 01.06.2001
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WKN: 570660; Index: SDax
Notiert: Amtlicher Handel in Frankfurt (SMAX) und Düsseldorf; Freiverkehr in
Berlin, Bremen, Hamburg, München und Stuttgart
011859 Jun 01
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