BIODATA Information Technology AG
Biodata Inform. Tech. english
Biodata: Significant Losses in Third Quarter
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Biodata: Significant Losses in Third Quarter
Lichtenfels, 17 December, 2001. Biodata Information Technology reports
significant losses in Q3 2001. For the first nine months a consolidated loss of
70 million Euros particularly results by both the already reported high
receivables and amortization of goodwill.
In fiscal year 2001, Biodata has not succeeded in closing projects as planned
and couldn’t replace them with new deals and customers either. At large, Biodata
suffered a severe drop in sales in all segments. Moreover, an investigation of
Biodata’s financial situation in collaboration with external auditors showed
significant allowances regarding trade accounts particularly initiated by
international affiliated companies and offices. Consequently, Biodata was
indebted and threatened by insolvency. Since 20 November, Biodata is under
temporary insolvency proceeding.
In Q3, write-offs of trade accounts receivable, goodwill amortization and
discontinued operations summed up to more than 60 million Euros. According to
these adjustments revenues in Q3 account for 1.9 million Euros and 3.95 million
Euros in the first nine months from January to September. The operating profit
(EBIT) accounts to minus 44.7 million Euros for Q3 and to minus 60 millions
Euros from January to September.
The target now is to rid Biodata’s property of debts with an insolvency plan and
a financial investor. As a future holding company Biodata plans to transfer the
operational business to a new affiliated company.
Contact:
Biodata Information Technology AG, Burg Lichtenfels, 35104 Lichtenfels,
Tel +49 (0) 6454 9120-118 or Tel. +49 (0) 6454 9120-132, Fax +49 (0) 6454 9120-
180, E-Mail: info@biodata.com
end of ad-hoc-announcement (c)DGAP 17.12.2001
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WKN: 542270; ISIN: DE0005422703; Index: NEMAX 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
172032 Dez 01
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