Arrow ECS AG
ComputerLinks AG english
ComputerLinks achieves significant organic growth
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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ComputerLinks achieves significant organic growth
In spite of the generally difficult market environment, the IT marketing company
ComputerLinks AG, Munich, increased its Group turnover in 2001 by 44.6 percent
from 111.5 million euro in 2000 to 161.2 million euro. Organic growth accounted
for approximately half the increase in sales. The weak market conditions from
the second half of 2001 onwards, and the resulting increased competition, have
led to a disproportionately low growth in gross profit, by 28.3 percent from 28
million euro in 2000 to 36 million euro in 2001. Compared with the prior year,
EBITDA grew by 0.3 million euro to 11.1 million euro. The year end forecast,
revised in autumn 2001, has thus been slightly exceeded.
All group companies are profitable with a positive cash flow. The inflow of cash
from normal business activity, to which all group companies contributed,
totalled 5.3 million euro in the period reported (in prior year: 0.9 million
euro), assisting in a reduction in debt from 4.8 million euro to 4.3 million
euro. EBT (earnings before taxes) decreased from 6.8 million euro in 2000 to 4.7
million euro in 2001. The net income for the year amounted to 1.6 million euro,
compared with 3.8 million euro in the prior year. It has to be considered, that
in fiscal year 2000, ComputerLinks (Unipalm) UK and ComputerLinks France were
not consolidated until May 1, 2000. We were able to reduce personnel costs and
other operating expenses as a proportion of turnover, sales per employee
increased from 0.47 million euro in 2000 to 0.58 million euro in 2001. The
average number of employees was 280 in the past financial year, against 238 in
the previous year.
In 2001 earnings per share before goodwill amortisation amounted to 1.09 euro
per share, based on 5.9 million shares (undiluted), whereas EPS in the previous
year was 1.29 euro per share based on 5.4 million shares (undiluted). EPS after
planned goodwill amortisation was 0.28 euro per share in 2001, compared with
0.70 euro in the prior year.
Provided that the market environment improves in second half of this year,
ComputerLinks is optimistic for a continued growth in profitability.
end of ad-hoc-announcement (c)DGAP 18.03.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
The most important driving force in 2001 was, as in the previous year, the e-
security business sector which increased sales by 129 percent from 42.2 million
euro to 96.8 million euro thus accounting for about 60 percent of total sales.
The sales performance in each country was as follows: UK 75.4 million euro,
Germany 63.1 million euro, France 16.0 million euro and Switzerland 6.7 million
euro.
The Management Board and the Supervisory Board will propose a cash dividend of
0.05 euro to the Annual General Meeting planned for April 2001.
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WKN: 544 880; ISIN: DE0005448807; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
180729 Mär 02
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