Arrow ECS AG
COMPUTERLINKS reports double figure increase in turnover and profits in Q1/2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– COMPUTERLINKS reports double figure increase in turnover and profits in Q1/2004 COMPUTERLINKS AG, Munich, has had a successful start to 2004. Group turnover rose by 17.4% to 49.5 million Euro in the 1st quarter of 2004 (42.2 million Euro in the 1st quarter of 2003). Gross margins were 18.6% in the 1st quarter of 2004 compared to 17.3% in the 4th quarter of 2003 and 19.3% in the corresponding period in the previous year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved compared to the 1st quarter of 2003 from 2.5 million Euro to 2.7 million Euro (+10.4%). The net income for the period rose by 15.5% to 1.5 million Euro (1st quarter of 2003: 1.3 million Euro). This corresponds to earnings per share of 0.25 Euro (1st quarter of 2003: 0.22 Euro). Cash and cash equivalents amounted to 13.4 million Euro as at 31.03.2004 (31.12.2003: 16.1 million Euro). Against this there are no bank loans or overdrafts. The e-Security division was again the main performer in the first three months of 2004 with an increase of 26.6% to 38.9 million Euro (1st quarter of 2003: 30.7 million Euro). The e-Business division contributed 9.0 million Euro to turnover in the 1st quarter of 2004 (1st quarter of 2003: 10.1 million Euro). Turnover in the Professional Services division rose from 1.4 million Euro to 1.6 million Euro in the 1st quarter of 2004. Issuer’s information/explanatory remarks concerning this ad hoc announcement: Stephan Link, CEO of COMPUTERLINKS AG, commented on the results for the quarter. “The impressive growth rates in double figures in the 1st quarter of 2004 underline our successful business model. Despite the sluggishness of the economy as a whole, there is an upturn in the IT industry. We feel optimistic about the coming months of 2004 as a result of our presence in eight European countries, an attractive product portfolio and a strong and highly motivated team.” At a glance (in million Euro): Q1/2004 Q1/2003 Change in %* Turnover 49.5 42.2 +17.4 EBITDA 2.7 2.5 +10.4 EBIT 2.4 2.1 +13.9 Net income 1.5 1.3 +15.5 Earnings per share (EUR) 0.25 0.22 +13.6 *The percentage chnage is based on values which have not been rounded off Contact: COMPUTERLINKS AG, Bettina Zollner Stefan-George-Ring 23 81929 Munich, Germany Tel.: +49 89 93099-174 Fax: +49 89 93099-200 email: Investor-Relations@computerlinks.de http://www.computerlinks.com end of ad-hoc-announcement (c)DGAP 11.05.2004 ——————————————————————————– WKN: 544880; ISIN: DE0005448807; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 110823 Mai 04