DIS AG
DIS Dt. Ind. Serv. english
english
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Offenbach, October 22, 2001 – DIS Deutscher Industrie Service AG, personnel
services specialist in Germany and Austria achieved double-digit sales growth
in Q3 2001 despite significantly weaker economic growth. Sales revenues 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 for the first
9 months DIS AG further developed its market position as market leader in
the qualified segment.
According to preliminary figures the pre-tax result increased by 13.6% 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 32.3% to DEM 32.5 million.
Due to the difficult economic situation a significant drop in demand can be
observed in September, in particular. Against this background the Management
Board of DIS AG has revised its previous sales forecast of DEM 538 million by
approximately 6% and the forecast for the pre-tax result of DEM 48 million by
approximately 15% for the 2001 financial year.
For the whole of 2001 the Management Board of DIS AG is thus expecting sales of
around DEM 505 million, corresponding to an increase of 13% over the previous
year. Earnings before tax should be somewhere between DEM 40 million and DEM 42
million. Thus the pre-tax margin was raised by 0.6% to 8.1% despite a difficult
economic environment.
Furthermore DIS AG intends to buy back its own shares up to a volume of 10% of
share capital. This resolution was passed by the Management Board of DIS AG.
The resolution is the result of the authorisation granted by the Annual General
Meeting on May 8, 2001. The Annual General Meeting authorised the Management
Board to buy back shares of DIS AG to the total value of up to 10% of the share
capital (1.32 million shares) by November 8, 2002. The purchase is primarily
intended for acquiring companies or company participations against the grant of
shares.
The purchase of the company’s own shares will take place in dependence on the
market environment.
The final figures for Q3 2001 will be published November 7.
For further information, please contact:
DIS Deutscher Industrie Service AG
Dieter Paulmann, CEO
Ziegelstr. 8
63065 Offenbach
Tel: 069-820033-12
Fax: 069-820033-82
E-mail: d-paulmann@dis-ag.de
end of ad-hoc-announcement (c)DGAP 22.10.2001
——————————————————————————–
WKN: 501690; Index: SDax
Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Düsseldorf,
Hamburg, München, Berlin und Stuttgart
220805 Okt 01
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found