condomi AG
Condomi AG english
condomi: 9 months figures
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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condomi: 9 months figures
Revenues rise by 17.6 percent / restructuring puts pressure on result
Cologne/Erfurt, May 30th 2003. Due to the continued high demand for condoms,
condomi increased revenues in the first nine months of financial year 2002/2003
by 17.6 percent to 20.3 million euros (previous year: 17.3 million euros).
The cost of materials amounted to 6.2 million euros (previous year: 5.6 million
euros). This increase is the result of the risen production volume. Personnel
costs totalled 8.7 million euros (previous year: 6.9 million euros). Included in
these personnel costs are provisions amounting to 0.8 million euros for
severance payments to be made as part of the restructuring programme.
Depreciation and amortization totalled 2.8 Million euros (previous year: 2.1
million euros). The investments made to increase production capacities have now
been completed. Other operating expenses amounted to 10.6 million euros
(previous year: 9.2 million euros), a figure that includes provisions of 0.8
million euros to cover further steps to be taken within the framework of the
Group’s reorganisation. Earnings before interest and taxes (EBIT) amounted to
-2.1 million euros (previous year: -0.5 million euros). The extraordinary items
incurred in connection with the restructuring of the company reduced EBIT by 1.6
million euros. The net loss before minority interests for the first nine months
of 2002/2003 amounted to -6.0 million euros (previous year: -3.3 million
euros). The Group’s overall result for the period has been put under pressure by
the extraordinary items already mentioned and partial amortization of the
investment in FunFactory GmbH which, when combined, amount to 2.8 million euros.
The management is confident that the concept of restructuring will be completed
successfully within the next financial year.
Investor Relations
Venloer Strasse 231b
50823 Cologne, Germany
Phone +49 (0)221/ 50 04- 400, fax +49 (0)221/ 50 04- 499
E-mail ag@condomi.AG
end of ad-hoc-announcement (c)DGAP 30.05.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
On the 01.07.02, condomi AG converted its accounting and reporting practices
from HGB (German Commercial Code) to the International Accounting Standard
(IAS). The figures for the comparison period from 01.07.2001 to 31.03.2002 that
are quoted in this news bulletin were adjusted to the current consolidation
group and also converted according to IAS. Accurate comparisons is given
therefore.
The full report will be available from the 31.05.2003 at www.condomi.AG
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WKN: 544490; ISIN: DE0005444905; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart
300818 Mai 03
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