Gauss Interprise AG
Gauss Interprise AG english
Gauss Interprise AG publishes the Group’s Nine – Month Report 2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Gauss Interprise AG publishes the Group’s Nine – Month Report 2002
Gauss generates first positive (EBITDA) result in Q3
US operations EBT-profitable for fourth consecutive quarter
Executive Board and Supervisory Board decide to hold special shareholder meeting
Hamburg, November 28, 2002 – Gauss Interprise AG (Neuer Markt: GSO, ISIN DE
0005074603) today announced the Group’s results for third quarter and the first
nine months of 2002. In Q3, Gauss generated revenues of EUR 6.9 million
(previous year 8.3 million). EUR 2.6 million (previous year 3.2 million) were
generated from license sales. EUR 4.0 million (previous year 4.4 million) were
attributable to services. In the first nine months, revenues amounted to EUR
22.9 million (previous year 25.6 million). With EUR +0.1 million in Q3
(previous year EUR -6.4 million), Gauss generated a positive operating (EBITDA)
result for the first time since 1999. In the first nine months, the EBITDA
result amounted to EUR -1.7 million, thus showing a significant improvement
against the previous year (-22.9 million). The US subsidiary generated positive
EBT results in four consecutive quarters. The net income per share amounted to
EUR -0.08 (previous year -0.81). At the end of September, the liquidity status
of the Gauss Group was EUR 1.2 million (end of June 0.5 million).
On the basis of the business development to date, the Gauss Group expects total
revenues for 2002 to reach EUR 30-32 million. This would be slightly below the
level of the previous year. The company expects a cumulative EBITDA loss of only
EUR 1.5-2.0 million. This will be a significant improvement compared with the
previous year’s results (EUR -25.3 million). On November 27, 2002, the Executive
and Supervisory Boards resolved to hold an extraordinary shareholder meeting in
early 2003. Among the agenda items will be a simplified reduction of share
capital through a reverse split of Gauss AG shares. The invitation is scheduled
to be published in week 50.
The complete nine month report has been published at the company’s Internet site
at www.gaussvip.com in the Investor Relations section.
Gauss Interprise AG, Corporate Communications, Weidestraße 120a, 22083 Hamburg,
Tel.: +49-40-3250-1100, Fax: +49-40-3250-191151, email: investor@gaussvip.com,
http://www.gaussvip.com
end of ad-hoc-announcement (c)DGAP 28.11.2002
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WKN: 507460; ISIN: DE0005074603; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hannover
und Stuttgart
280730 Nov 02
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