Lobster Network Storage AG
Ad hoc-Service: Lobster Technology Hold.
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Lobster Technology Holding releases annual results for the
fiscal year 1999/2000 and official 3 year plan figures
Berlin, 27 September 2000 – At a press conference held today
Lobster Technology Holding CEO Thomas Strobl will present the
annual accounts for the business year 1999/00 ended 30 June and
plan numbers for the current as well as the next 2 business
years.
1999/00 results according to USGAAP are as follows
(prior year numbers restated in order to facilitate
comparison):
Net Sales TDM 29,811 (prior year TDM 27,950, change plus 7%)
EBITDA TDM minus 10,094 (prior year TDM minus 5,701, change
minus 77%)
Net loss TDM minus 12,948 (prior year TDM minus 3,742, change
minus 246%)
Net loss per share DM minus 7,03 (prior year DM minus 2,32,
change minus 203%)
For the current business year 2000/01 the company forecasts TDM
30,700 in sales and an EBITDA of TDM minus 1,379. Both EBITDA
and net income are planned to exceed break-even significantly
in the 2nd half of the business year, however, net result for
the total year is supposed to be still negative at TDM minus
2,795.
Projections for the years 2001/02 and 2002/03 are sales of TDM
45,575 and TDM 64,769 respectively. EBITDA is planned at TDM
2,248 and TDM 6,933. Net income is also planned to be positive
at TDM 1,316 in 2001/02 and TDM 5,981 in 2002/03. At these
levels Earnings per Share would amount to DM 0.64 and DM 2.90
respectively, assuming an average number of shares outstanding
of 2.06 million in both years.
Contact: Morgen Walke Scior
Jörg Peter
Lurgieallee 5
60439 Frankfurt
Tel: 069.95.154.110
Fax: 069.95.154.201
j.peter@morgen-walke.de
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