Lobster Network Storage AG
Lobster Network Storage english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Berlin, 16.08.01 +++ According to preliminary, unaudited USGAAP-results for the
fiscal year 2000/01 ended on 30.06.2001, Lobster Network Storage AG has grown
net sales by 13% to DMm 25,9 and reduced operating loss EBITDA by 56% to minus
DMm 4,1 (prior year: minus DMm 9,4). The companys core segment Project Business
saw particularly strong growth of 145% to net sales of DMm 15,3 (py: DMm 6,2).
Operating loss EBITDA in this segment reduced to minus DMm 1,1 (py: minus DMm
1,7). In the second segment Reseller-Business net sales reduced to DMm 10,5 as
planned (py: DMm 16,6), however, operating loss EBITDA improved substantially to
minus DMm 0,9 (py: minus DMm 3,5). The turnaround of the company thus has made
substantial progress in 2000/01.
Faced with the present weak market conditions throughout the IT-industry, the
company estimates its current first quarter of the business year 2001/02 to be
weak. Net Sales are assumed to be in the range of DMm 6 to DMm 7 and thus to
remain flat vs. the same period last year. Operating loss EBITDA is estimated to
amount to approx. minus DMm 1,5. In order to react to this situation, the
company has launched an additional rationalisation effort, which will lead to
one-time-charges for restructuring and write-down of assets in the 2000/01
accounts. These charges will in total amount to approx. DMm 6. As they are
included in the 2000/01 balance sheet, shareholders equity will reduce to a
level below 50% of nominal capital. Thus, the board is obliged by §92 AktG to
invoke a general meeting of shareholders. This meeting is currently being
prepared and will most probably take place in October. Formal invitation will be
published in the upcoming weeks. This procedure has no immediate impact on the
companys liquidity or its future growth perspective. Net cash balances amount to
around DMm 4 as per the date of this release.
For further information:
Lobster Network Storage AG
Thomas Strobl
Tel: 030.896.72.309
Fax: 030.896.72.359
Email: info@lobster.de
end of ad hoc announcement (c) DGAP 16.08.2001
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WKN: 508290; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
160351 Aug 01
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