DIS AG
DIS Dt. Ind. Serv. english
Results for the 2nd Quarter of DIS AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Düsseldorf, August 5th, 2003. In the second quarter of 2003, sales moved down by
11.4 percent to EUR 51.4 million and were thus in line with planning. Adjusted
for work days, the decline was 9.9 percent. For the first half of 2003, this
results in a sales downturn of 8.1 percent to EUR 105.4 million. In the
reporting quarter the gross margin narrowed by 70 basis points to 32.8 percent.
Here it should be taken into account that the second quarter of 2003 has one
less working day than in the previous year, a fact which is smoothed out during
the course of the year. Adjusted for this effect, the gross margin was slightly
widened, by 40 basis points. For the first half of 2003, the gross margin
improved by 40 basis points to 34.3 percent. As in previous quarters, cost
reductions in the second quarter of 2003 were virtually in line with the sales
decline. Sales and administrative costs and depreciation declined year-on-year
by 8.7 percent to EUR 15.3 million. All costs were lowered, with the exception
of depreciation. In comparison to the first quarter of 2003, there were cost
savings in the order of 4.9 percent in the quarter under review. The 39.7
percent decline in earnings before tax to EUR 1.6 million in the quarter under
review was slightly ahead of budget. For the first half of 2003, there was a
13.5 percent decline in the earnings before taxes to EUR 5.0 million.
Net income was down 19.8 percent to EUR 2.6 million.
The Board of Management continues to expect a 5% decline in sales to around EUR
221 million and a 9% fall in earnings before tax to EUR 14.5 million for 2003 as
a whole.
Contact: DIS AG, Dominik de Daniel, CFO, Niederkasseler Lohweg 18, 40547
Düsseldorf, Tel.: ++49 211 530653-16, FAX: ++49 211 530653-740, e-mail: ir@dis-
ag.de. The full 2nd Quarter Report is available under www.dis.ag.
end of ad-hoc-announcement (c)DGAP 05.08.2003
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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
050815 Aug 03
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