Gauss Interprise AG
Gauss Interprise AG english
Gauss Interprise AG publishes figures for the first six months of 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Hamburg, August 26, 2003. Gauss Interprise AG (Prime Standard: GSO, ISIN
DE0005532907) today announced the Groups results for the first six months of
2003. In the second quarter, the Gauss Interprise Group (Gauss), which reports
according to US GAAP, generated revenues of EUR 5.0 million (previous year EUR
8.4 million), which corresponds to a 40% decline against the same quarter of the
previous year. In the first six months of 2003, Gauss generated revenues of EUR
10.3 million, which corresponds to a 36% decline against the previous year (EUR
16.0 million). The US accounted for 58% of revenues (previous year 67%), 27%
were generated in Germany (previous year 18%) and 15% in the rest of Europe
(previous year 14%). The EBITDA loss amounts to EUR -1.6 million, which
corresponds to a three-fold increase against the same quarter of the previous
year. If non-recurring costs in the amount of EUR 0.6 million for the reduction
of overcapacities in business premises are not considered, this figure
corresponds to the level of the previous quarter. The US subsidiary achieved a
positive EBITDA result for the seventh consecutive quarter, whereas the EMEA
sales region still generates deficits.The Group’s net loss amounted to EUR -6.1
million (previous year EUR -10.2 million). The loss per share in the first six
months amounted to EUR -0.80 (previous year EUR -1.34). With liquid funds of
approximately EUR 1.1 million, the financial reserves of Gauss Interprise AG
declined significantly against December 31, 2002 (EUR 5.0 million). This
development is due to the operating loss. The negative cashflow from operating
activities dropped to EUR -2.9 million in the second quarter of 2003 (previous
year EUR -4.4 million). At the end of the second quarter, Gauss had 189
employees (previous year 232). For the third quarter, Gauss expects revenues at
the same level as in the quarter under review and a slightly improved result.
The half-year report of Gauss Interprise AG has been published at
www.gaussvip.com and on the Internet site of Deutsche Börse AG (German stock
exchange). Gauss Interprise AG, Investor Relations/Corporate Communications,
Weidestraße 120a, 22083 Hamburg,Tel.: +49-40-3250-1100, Fax: +49-40-3250-191218,
E-mail: investor@gaussvip.com, www.gaussvip.com
end of ad-hoc-announcement (c)DGAP 26.08.2003
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WKN: 553290; ISIN: DE0005532907; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf und Stuttgart
260731 Aug 03
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