Lobster Network Storage AG
Ad hoc-Service: Lobster Technology Hold.
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Lobster Technology Holding AG results for the fiscal year
1999/2000 will meet latest estimates
Berlin, 05 September 2000 The results of Lobster Technology
Holding AG WKN 508290 for the fiscal year 1999/2000 (closed
30. Juni) will be in line with latest forecasts as issued by
the company.
Consolidated net sales amount to DMm 29.7 thus marginally
below the estimate of DMm 30. This is due to a time lag in a
project worth DMm 0.5 that originally was planned for June but
postponed to July owed to constraints on the customer’s side.
Net loss on the other hand will be in the order of DMm -12.9
Mio. and thus slightly better than the forecast of DMm -13.
This result includes approximately DMm 1.8 of non-recurring
restructuring charges for depreciation of inventories and
indemnities which the company incurred in the 4th quarter and
which were directly associated with the sale of Mention
Software GmbH and LXCO Technologies AG as well as the
organisational integration of Lobster Computer Concept GmbH and
addit Datensysteme GmbH.
Lobster Technology Holding AG will release final results on 27
September 2000.
For further information:
Morgen Walke Scior
Andrea Petry
Lurgiallee 5
60349 Frankfurt
Tel: 069-95154-114
Fax: 069-95154-201
eMail: a.petry@morgen-walke.de
End of Message
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