DIS AG
DIS Dt. Ind. Serv. english
Double-digit growth in earnings in the 1st Quarter 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Düsseldorf, May 6th, 2003, Following a further 8.7% decline in sales in the
fourth quarter of 2002, DIS AG achieved initial improvements in the first
quarter of 2003 with a decline in sales of 4.7% to EUR 54.0 million. The early-
cyclical Engineering und Industry divisions in particular contributed to this
improvement with growth of 2.6% and 4.0% respectively. The development of the
gross margin of DIS AG continued to be pleasing. Although the market as a whole
suffered greatly from non-placements, DIS AG increased its gross margin by 160
basis points to 35.8 in the first quarter of 2003.
Despite the decline in sales of 4.7%, earnings before tax rose by 10.1% to EUR
3.3 million. In addition to the considerably improved gross margin, the early
adjustment of the cost structure in response to market conditions has paid off.
Net income rose by 14.2% to EUR 1.9 million in the quarter under review. In
addition, earnings per share increased at the slightly higher rate of 16.4% to
EUR 0.15, due to the repurchase of own shares made last year.
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: de-
daniel@dis-ag.de. The full 1st Quarter Report is available under www.dis.ag.
end of ad-hoc-announcement (c)DGAP 06.05.2003
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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
060831 Mai 03
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