Scholz & Friends AG
Scholz & Friends AG english
Scholz & Friends slightly over budget
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Scholz & Friends slightly over budget
Positive EBIT results despite sector crisis
Annual figures for 2001 published
Berlin, 28 march 2002 – On the basis of preliminary consolidated annual
accounts under IAS, SCHOLZ & FRIENDS AG in the 2001 business year recorded in
line with expectations an EBIT of EUR 1.4 million on sales of EUR 74.4 million.
After interest and taxes a net loss of EUR 1.4 million remained for the year.
The consolidated results for 2001 were affected by restructuring measures
undertaken, by integration costs in connection with United Visions
Entertainment AG as well as by the difficult market environment in the
communications sector.
By comparison with last year’s pro forma consolidated profit-and-loss account,
sales declined from EUR 82.5 million to EUR 74.4 million. This is basically due
to the merger with UVE AG that was posted to the accounts on 30 September 2001.
The preliminary annual accounts for SCHOLZ & FRIENDS AG itself as of 31
December 2001 shows in line with expectations a net loss of EUR 12.6 million
for the year. Besides the costs of merging with United Visions Entertainment AG
and of going public, the restructuring carried out depressed financial results.
Contact: Stefanie Frey, Investor Relations, Scholz & Friends AG, telephone:
030-590053-114, email: stefanie.frey@s-f.com.
end of ad-hoc-announcement (c)DGAP 28.03.2002
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WKN: 697280; ISIN: DE0006972805; Index:
Listed: Geregelter Markt in Frankfurt; Freiverkehr in Berlin, München und
Stuttgart
281726 Mär 02
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