Prodacta AG
Ad hoc-Service: Prodacta AG english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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Sales revenues expected to rise by roughly 25% /Developments in Q1 2001 in line
with projections
Fiscal year 2000 for Neuer Markt company Prodacta AG was dominated by radical
restructuring measures. The resulting cut in staff numbers by around 30% to 191,
the restructuring of its sales activities and the disposal of its subsidiary
valuesoft GmbH with effect from July 1, 2000 led to a planned drop in revenues
to DM 32.6 million (previous year: DM 41.4 million). Both the reduction in sales
revenues and the elimination of past problem areas impacted earnings
developments, with EBIT falling in the year under review to DM 27.7 million, as
opposed to the forecast figure of DM 19.0 million (previous year: DM 9.3
million). Significant one-time charges leading to the approx. DM 8 million
earnings shortfall relate to goodwill amortization, especially on Prodacta’s
former subsidiary valuesoft GmbH (DM 3.0 million), redundancy payments and
selective new recruitment costs (DM 1.5 million) and restructuring measures (DM
1.5 million). The net loss for the period amounted to DM 27.6 million (previous
year: DM 9.6 million). The audited annual financial statements have been
submitted to the Supervisory Board for adoption.
The positive effects of the restructuring measures that started to emerge at the
end of the year under review and the elimination of past problem areas mean
that Prodacta is forecasting a sustained improvement in both revenues and
earnings in the current fiscal year. The breakeven achieved in December 2000 and
on-target results for Q1 2001 confirm that the company is right to focus on its
core business of Customer Relationship Management (CRM). Prodacta is expecting
to increase sales revenues in 2001 by around 25% to roughly DM 40 million, and
to record a slight profit.
Prodacta intends to further intensify its reorientation on CRM solutions and to
strengthen its operations in selected areas. A series of million DM orders has
helped the company’s breakthrough since the fall of 2000. Prodacta is also
expecting to win similar projects in the course of the current fiscal year.
Ettlingen, April 28, 2001
Prodacta AG
The Managing Board
end of ad hoc announcement, (c) DGAP 30.04.2001
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WKN: 786730; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
301306 Apr 01
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