teamwork information management AG
teamwork info. management english
teamwork well on the way to meeting its first-quarter budget target
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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teamwork well on the way to meeting its first-quarter budget target
Additional impetus from a new Sales Director
Paderborn, March 4, 2002. teamwork information management AG regards its
prospects for fulfilling its budget for the first quarter of 2002 as being good.
After a difficult start in January due to seasonal conditions, increasing new
orders have been able to be recorded since mid February. Sales and earnings
lagged behind expectations in January and the first half of February. The
reasons for this can be seen in the generally weak economic situation and the
fact that placement of new orders in the IT industry is subject to strong
seasonal influences, as well as in the caution on the part of teamwork’s
customers to award orders before important decisions to reconstruct the company
were taken at the general meeting of shareholders at the start of February.
The aim in the first quarter of the current fiscal year was to achieve sales of
approximately 2 million euros, or 20 percent of the planned total for the year.
The result for the first quarter will, as planned, be negative.
Positive boosts in sales
teamwork’s main competitor, Gedys Internet Products AG, announced at the start
of 2002 that it was going to focus on product business and withdraw from direct
consulting. This gives teamwork, a solution vendor with well-developed
consulting business, the opportunity to offer its services to customers of Gedys
as well and thereby consolidate its market leadership in the consulting arena.
In addition, teamwork AG has succeeded in winning Alexander Mosch, the former
Country Manager of Gedys AG for Germany, Austria and Switzerland, as Sales
Director. He joined the company with effect February 1, 2002, and aims to grow
its consulting business in new regions in Germany, Austria and Switzerland where
teamwork has not been represented to date, as well as to expand partner
business for teamwork AG’s Domisphere Web content management system.
Given the clear prospects for meeting its budget targets in the first quarter of
2002 and the additional positive boosts in sales, teamwork is sticking to its
annual target for fiscal 2002 of sales of 10 million euros and an EBIT profit of
0.5 million euros.
Contact: Dr. Sabine Brummel, phone: +49 (0)5251-5201-145, e-mail:
sbrummel@teamwork.de
end of ad-hoc-announcement (c)DGAP 04.03.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
teamwork information management AG
teamwork information management AG, which has been listed on the Neuer Markt
since July 1999, is an international vendor of collaboration solutions for the
Internet and intranet. Collaboration solutions permit electronic information
management by companies and organizations, automatic control of information
flows and electronic mapping of business processes. The services offered by
teamwork AG include consulting, development, implementation, support and
training. More than 1,000 companies in Germany and Great Britain now use
solutions from the teamwork group.
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WKN: 745620; ISIN: DE0007456204; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
040827 Mär 02
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