Kleindienst Datentechnik AG
Kleindienst Datentechnik:Clearly positive EBIT – net bank debt completely repaid
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Clearly positive EBIT – net bank debt completely repaid
In fiscal 2003, the Kleindienst Datentechnik Group generated revenues of EUR
68.6 million and operating income of EUR 4.4 million. Although revenues were
down EUR 6.7 million on the previous year, operating income remained almost the
same (previous year: EUR 4.6 million). With EBIT of EUR 4.2 million, the basic
goal of the Company in 2003 – namely a clearly positive EBIT – has been
achieved. Ongoing cost reduction activities have considerably contributed to
this achievement.
In 2003, consolidated earnings before taxes, minority interests and non-
recurring income rose by more than 17% to EUR 3.3 million. However, at EUR 0.8
million, net income fell significantly as against the previous year (EUR 6.1
million) due to non-cash valuation effects (non-recurring income in 2002 and
changes to valuation allowances on deferred tax assets in 2002 and 2003). Net
income per share (DVFA/SG) thus dropped to EUR 0.19 (previous year: EUR 0.78).
Net bank debt, which had amounted to EUR 2.3 million at the end of 2002, have
been reduced to zero. At the end of 2003 net bank balance was EUR 1.0 million.
In 2003 total order value amounted to EUR 27.5 million (previous year: EUR 31.8
million), as of December 31, 2003 orders on hand were at EUR 8.5 million
(previous year: EUR 10.5 million). This development is due to our unsatisfactory
performance in international markets. An improvement of the situation is
expected in 2004 as a result of the implementation of internal organizational
measures.
For the fiscal year 2004 the Managing Board expects consolidated revenues to
rise and is forecasting clearly positive EBIT.
The annual report 2003 will be published on March 24, 2004 on the web site of
Deutsche Börse and at http://www.kld.de. For further information: Dr. Monika
Bezler, Kleindienst Datentechnik AG, phone: +49 (0)821/7941-555
end of ad-hoc-announcement (c)DGAP 18.03.2004
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WKN: 629020; ISIN: DE0006290208; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart
182036 Mär 04
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