DIS AG
DIS Dt. Ind. Serv. english
First Quarter 2002 Results DIS AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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First Quarter 2002 Results DIS AG
In the first quarter of 2002 group sales at DIS AG declined by 14.5% to EUR
56.6, largely due to the weak current economic environment. It also has to be
taken into consideration that the first quarter of 2001 was very strong with an
upturn of 27.3% and that 1Q 2002 had two less working days that the equivalent
quarter of the previous year.
The average bill rates were increased in Ql 2002 by more than 5% largely
quality related. Gross earnings declined by 20.8% to EUR 19.4 million in Ql
2002.
The adjustments to the cost structure started over a year ago, are now
beginning to pay off. In Ql 2002 the costs were reduced by 13.9% to EUR 16.4
million, thus almost keeping pace with the 14.5% decline in sales. Earnings
before tax were 43.8% lower at EUR 3.0 million.
Only in the Industry division is there any initial indication of a turnaround
in the economic situation. In this cyclic division there was a steady slight
upturn of productivity hours over the last eight weeks. On the basis of a
sustained upturn in Q3 2002 he DIS Board of Management expects sales growth for
2002 of 5 – 7%. Earnings growth is expected to be higher.
Contact: Dominik de Daniel, CFO, phone: ++49 69 820033-15, FAX: ++49 69 820033-
82, de-daniel@dis-ag.de. Download the full report under http://www.dis.ag.
end of ad-hoc-announcement (c)DGAP 07.05.2002
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WKN: 501690; ISIN: DE0005016901; Index:
Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Düsseldorf, Hamburg,
München, Berlin und Stuttgart
070744 Mai 02
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