DIS AG
DIS AG: Strong growth in sales and earnings in the first half year 2004
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Strong growth in sales and earnings in the first half year 2004
Dusseldorf, August 03, 2004 – The sales development of DIS AG gained further
momentum in the second quarter of 2004. After sales growth of 14.0 percent in
the first quarter, sales increased by 21.9 percent to EUR 62.7 million in the
second quarter. This is equivalent to sales growth of 17.8 percent to EUR 124.2
million in the first half of 2004.
As in the first quarter, the gross margin developed considerably better than
expected in the second quarter. What happened was that the additional expenses
in subsegments of the Industry and Office & Management business divisions which
resulted from the introduction of the collective wage agreement were more than
compensated for. In the second quarter, the gross margin increased by 270 basis
points, to 35.5 percent, following the increase by 40 basis points in the first
quarter.
In view of a continued dynamic development of sales, the increase of gross
margin and a good cost structure, the company raised the EBIT margin
considerably during the quarter reported, by 4.5 percent to 7.5 percent,
equivalent to EBIT growth of 204.0 percent to EUR 4.7 million. This results in
an EBIT increase of 114.6 percent to EUR 10.3 million for the first half of
2004, which considerably exceeds the budgeted figure for the first half of 2004.
Against the background of the considerably better than expected business
development, the Board of Management is raising its sales forecast for the 2004
financial year from the previous figure of EUR 250.0 million to at least EUR
255.0 million, equivalent to sales growth of a good 17 percent. The earnings
before tax forecast has been increased by 16.6 percent to EUR 22.5 million
(previously: EUR 19.3 million). DIS AG is thus anticipating sales growth of a
good 17 percent and a strong earnings improvement of 46 percent.
The full report is available under http://www.dis-ag.com .
Contact: Dominik de Daniel, CFO, Niederkasseler Lohweg 18, D-40547 Dusseldorf,
tel.: ++49 211 530653-16, fax: ++49 211 530653-740, e-mail: ir@dis-ag.com
end of ad-hoc-announcement (c)DGAP 03.08.2004
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WKN: 501690; ISIN: DE0005016901; Index: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, München und Stuttgart
030803 Aug 04
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