DIS AG
DIS Dt. Ind. Serv. english
Second Quarter 2002 Results DIS AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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In the second quarter of 2002 group sales at DIS AG declined by 9.8% to EUR
58.0, largely due to the weak current economic environment. The average bill
rates were increased in Q2 02 by 6% largely quality related. Gross earnings
declined by 10.2% to EUR 19.4 million in Q2 2002. Following a 43,8% decline in
pre-tax earnings in Q1 02, the second quarter of 2002 showed first signs of
improvement with a decline in pre-tax earnings of 25.8% to EUR 2.7 million.
From the current perspective, the upturn expected in the third quarter of 2002
will not materialize. Nevertheless, Industry division, maintained the positive
trends of the first quarter 2002. Adjusted by the number of working days, sales
rose by 17.4% in Q2 02 compared with Q1 02.
Consequently, the Board of Management of DIS AG revising its forecast for 2002
financial year. Group sales are likely to fall by approx. 5% to EUR 246 million,
as opposed to the 5 – 7% growth in sales that was previously planned. Due to
the adjustment of the cost structure and the strong gross margin for Q2 02, pre-
tax earnings are not likely to perform much worse than sales with a decline of 5
– 10% (EUR 19 – 20 million). A slightly stronger growth in earnings than in
sales was previously expected.
Contact: Dominik de Daniel, CFO, phone: ++49 211 530653-16, FAX: ++49 211
530653-740, de-daniel@dis-ag.de. Download the full report under
http://www.dis.ag.
end of ad-hoc-announcement (c)DGAP 05.08.2002
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WKN: 501690; ISIN: DE0005016901; Index:
Listed: Amtlicher Markt in Frankfurt; Freiverkehr in Düsseldorf, Hamburg,
München, Berlin und Stuttgart
052127 Aug 02
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