Lobster Network Storage AG
Lobster Network Storage english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Berlin, 28.05.2001 +++ Lobster Network Storage AG, a Berlin-based provider of storage solutions, has recorded net sales of DM 18,6 in the first 9 months of the fiscal year 2000/2001. Nine-Months operating loss EBITDA improved by 54% from minus DMm 6,60 to minus DMm 3,06 and is still including restructuring charges. EBITDA for the 3rd Quarter amounted to DMm minus 1,0 thus falling DMm 0,4 behind the preliminary result that was announced on 4 April. Reason for the adverse variance is the write-off of a receivable associated with the previous affiliate Mention Software GmbH that was sold last year. Cumulative net loss after tax improved by DMm 5,27 to DMm from minus DMm 9,95 to minus 4,68 representing a net loss per share of DM minus 2,46. The company saw significant growth in the project business with data storage solutions, where sales improved by 126% to DMm 10,2 (prior year: DMm 4,5). In the business with resellers sales reduced as planned by 51% to DMm 8,4. Cash and cash equivalents at the end of the 3rd quarter increased to DMm 5,4 owed to a share capital increase successfully completet in February. On 31.03.2001 Shareholders Equity accounted for 84% of total assets (prior year: 81%). For the 4th quarter the company expects sales of DMm 8-10. The complete report can be downloaded under www.lobster.de. end of ad hoc announcement (c) DGAP 28.05.2001 ——————————————————————————– WKN: 508290; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 280831 Mai 01