teamwork information management AG
teamwork info. management english

teamwork: Positive EBIT in July, reconstruction progressing as planned Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– teamwork: Positive EBIT in July, reconstruction progressing as planned Paderborn, August 22, 2002. In July 2002, teamwork AG was able to achieve a positive EBIT again following the positive figure for June. teamwork information management AG closed the second quarter of 2002 with consolidated sales of 1.6 million euros and an EBIT of -0.7 million euros. Sales declined compared with the first quarter of 2002 (-25%), although the EBIT was improved by 14% thanks to the implementation of additional cost-cutting measures. Sales of 3.7 million euros and an EBIT of -1.4 million euros were achieved by the group in the first half of 2002. In the second half of 2002, the Board of Management expects sales of around 4.3 million euros and a positive EBIT of 0.2 million euros in the group. This forecast is based on the positive results from June and July, the positive development of the UK subsidiary InfoSys, and the expected increase in creditworthiness after the company’s insolvency ends. Preparations for the second capital increase are progressing as planned. The invitation to subscribe will be issued in mid-October and the insolvency proceedings concluded by the end of November. Contact: Mr. Heinz Ikenmeyer, Chairman of the Board, phone: +49 (0)5251-5201- 121, e-mail: hikenmeyer@teamwork.de end of ad-hoc-announcement (c)DGAP 22.08.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: teamwork information management AG Listed on the Neuer Markt since July 1999, teamwork information management AG is an international provider of collaborative business solutions for the intranet and intranet. Collaborative business allows electronic information management both within companies and in their dealings with customers and business partners. With collaborative business, control of the information flow is automated and business processes are electronically mapped. The services offered by teamwork AG include consulting, development, implementation, support and training. Today, more than a thousand companies use the solutions of the teamwork group in Germany and the UK. ——————————————————————————– WKN: 724161; ISIN: DE0007241614; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 220754 Aug 02