Infomatec AG
Ad hoc-Service: Infomatec AG english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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Infomatec announces anual report 2000
Augsburg, April 30, 2001 – Business year 2000 ended with total revenues of EURO
21.9 million for Infomatec Integrated Information Systems AG (Securities ID
622200), compared to EURO 50.6 m in 1999. Listed at the Neuer Markt technology
exchange in Frankfurt, Germany, the company’s result before interest, taxes and
depreciation (EBITDA) amounts to EURO – 65,5 m (1999: EURO – 9.3 m). The net
loss for the business year is EURO – 103.8 m. (1999: EURO – 16.4 m).
Several exceptional factors influenced both result and revenue negatively.
Appropriations to reserves, valuation allowances for accounts payable and other
assets in the amount of EURO 24.9 million have been made, and amortization on
financial investments and securities in the amount of EURO 8.0 m and deficits
due to losses from financial investment and securities disposal amounting to
EURO 26.0 million have been incurred. Sales of EURO 21.9 m range clearly under
those realized in the previous year (EURO 50.6 m) and the result of EURO 36
million announced earlier for business year 2000. The reason is a reservation of
title in the context of the sale of more than 45,000 JNT Surfstations.
Following due diligence, the total sales amount of roughly EURO 17.0 m was
accounted for in the first and second quarter of 2000. As the customer had not
paid the purchase price by September 30, 2000, a reserve was included in the
respective quarterly statement. In the meanwhile it became ap-parent that the
customer was unable to pay and Infomatec had repossessed the devices.
Independently of that fact, transfers to reserve had been made in the third
quarter statement 2000 and in the preliminary accounts for 2000, minimalizing
the effect on the final result (EBITDA).
end of ad hoc announcement, (c) DGAP 30.04.2001
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WKN: 622200; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
300859 Apr 01
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