ABIT AG
Ad hoc-Service: ABIT AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
ABIT AG Results of the 1. Quarter 2001
Group Sales Climb to DM 8.7 Million
Turnaround Actions Posting Initial Successes
Meerbusch, 21.5.2001 ABIT AG achieved group sales of DM 8.7 million in 1st
quarter 2001, an increase of 337 percent over the DM 2.0 million of the prior-
year period. This strong rise is in part a result of the acquisitions ABIT AG
made in Germany and the USA during the past year. Sales also doubled in ABIT
AG’s regular business, rising from DM 1.4 million to DM 2.8 million as of 31
March 2001. Sales figures are thus well within budget for the current fiscal
year.
Earnings are likewise within budget and confirm the trend back into the profit
zone. The group posted an EBITDA (earnings before interest, taxes, depreciation
and amortization) of minus DM 4.6 million as of 31 March 2001. This is an
improvement of DM 2 million over the comparable period of the prior year. The
group net loss of minus DM 6.6 million is at the same level as last year,
whereby ABIT dispensed with establishing deferred tax assets in line with its
conservative accounting policy. Furthermore, this re-sult includes goodwill
amortization that is DM 1.1 million greater than a year earlier. The quarterly
earnings per share improved over the prior year from minus DM 1.55 to minus DM
1.34.
ABIT AG (WKN 512250) Ludger Schmäing e-mail: Investor@abit.de Investor Hotline:
02150-9153-898 ABIT AG Am Wasserturm 6 40668 Meerbusch Telefon: 02150-9153-0
Telefax: 02150-9153-289
end of ad hoc announcement (c) DGAP 21.05.2001
——————————————————————————–
WKN: 512250; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
212045 Mai 01
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found