DIS AG
DIS Dt. Ind. Serv. english
Third quarter 2001 results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Offenbach, October 22, 2001 DIS Deutscher Industrie Service AG, personnel
services specialist in Germany and Austria confirmed the prel. numbers released
22nd October 2001. Sales in the third quarter rose by 11.6% to DEM 134.3
million. In the same period the market stagnated or even declined slightly. With
sales growth of 19.6% to DEM 389.6 million in the first 9 month DIS AG further
developed its market position as market leader in the qualified segment. The
pre-tax result increased by 13.1% to DEM 14.8 million in Q3 2001. Despite the
weakened growth, the pre-tax margin improved slightly from 10.9% to 11.0%
through corresponding cost savings measures. In the first 9 months it is
expected that the earnings will have increased much more strongly than sales, up
32.0% to DEM 32.5 million.
Cash flow from operating activities continued to improve in the first nine
months. It rose significantly from DM -1.3 million to DM 41.5 million. As a
result, DIS AG had a liquidity reserve of DM 19.7 million as at September 30,
2001, which is to be used in a targeted fashion for acquisitions.
Particularly since the middle of September, demand has been falling off as a
result of the difficult economic situation. Against this background, on October
22,2001 the Board of Management of DIS AG revised its existing sales forecast
for 2001 of DM 538 million by 6 %, bringing it to DM 505 million. Nevertheless
this equates to a 13 % increase compared with the previous year. Accordingly,
earnings before tax are likely to be between DM 40 and 42 million (previously:
DM 48 million). Thus the pre-tax margin would increase by 0.6 % to 8.1 % and
still represent a solid increase in spite of the extremely tough market
conditions.
Further information: DIS Deutscher Industrie Service AG, Ziegelstr. 8, 63065
Offenbach, Dominik de Daniel, Member of the Board, phone: ++49 69 820033-15,
FAX: ++49 69 820033-82, email: de-daniel@dis-ag.de
end of ad-hoc-announcement (c)DGAP 06.11.2001
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WKN: 501690; Index: SDax
Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Düsseldorf,
Hamburg, München, Berlin und Stuttgart
062213 Nov 01
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