Sunburst Merchandising AG i.L.
Ad hoc-Service: Sunburst Merchandising Q3e
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Ad-Hoc News
Sunburst Merchandising AG
Results of 9 months meet projections
Sales up by 770 % – EBITDA rises to 10,0 Mio.DM
Year 2000 prognosis being increased
Osnabrück, 16.11.2000
Sunburst Merchandising AG announces for the first 9 months of the
current business year a continuing strong development of sales
and earnings. The company’s sales are up by more than 770 % to
97,0 Mio. DM after 11,1 Mio. DM the previous year. Revenues now
have been consolidated with total sales generated by the EURO
2000 as well as those of the acquired subsidiaries. Sunburst
expects sales for the fourth quarter to reach a minimum of 35,0
Mio. DM, thus exceeding the projections of total sales of 120,0
Mio. DM for the year 2000.
Earnings after nine months meet expectations as well. The EBITDA
of the first three quarters has risen to 10,0 Mio. DM compared to
334.000 DM in 1999. The EBIT has increased from 158.000 DM the
previous year to 4,9 Mio. DM in 2000. These earnings have been
adjusted by the costs incurred by the capital raise completed in
July in the amount of 1,4 Mio. DM.
Projections for sales as well as earnings for the upcoming year
2001 are expected to be increased after completion of new
plannings still in 2000.
Contact:
Sunburst Merchandising
Christian Kröger
Phone: ++49-54133550
Email: ckroeger@sunburst.de
Haubrok Investor Relations
Michael Müller
Phone: ++49-211301260
Email: mm@haubrok-ir.de
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