teamwork information management AG
teamwork info. management english
teamwork: EBIT loss in 2001 cut by 95.5%
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
teamwork: EBIT loss in 2001 cut by 95.5%
British subsidiary closes 2001 with a positive result
Paderborn, March 18, 2002. teamwork information management AG was able to close
the 2001 fiscal year with an EBIT of -1,503 thousand euros on sales of 9,951
thousand euros at the group level, a year-on-year reduction in the EBIT loss of
95.5%. This means that teamwork has achieved an important milestone in its
reconstruction. The EBIT also reflects 405 thousand euros in accounting losses
that resulted primarily from the sale of shares.
Following positive results in the second and third quarter of 2001, the fourth
quarter of the past fiscal year was well below expectations. The causes of this
were the difficult general economic conditions and the special situation of the
long-lasting insolvency of teamwork AG.
The British subsidiary InfoSys Ltd. closed the past fiscal year successfully
with sales of 3,089 thousand euros and a positive EBIT of 106 thousand euros.
InfoSys achieved particular success over the past fiscal year with teamwork AG’s
Domisphere Web content management system.
After insolvency: positive result expected for the third quarter of 2002
teamwork expects to achieve a positive group result in the third quarter of 2002
following the capital measures and its emergence from insolvency during the
second quarter.
The year-end financial statements for 2001 will be published on March 28, 2002.
These statements form a part of the sales prospectus for the upcoming capital
increase. The agreement of the German stock exchange, Deutsche Börse AG, to the
sales prospectus is expected by March 27, 2002.
Contact: Dr. Sabine Brummel, phone: +49 (0)5251-5201-145, e-mail:
sbrummel@teamwork.de
end of ad-hoc-announcement (c)DGAP 18.03.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
teamwork information management AG
teamwork information management AG, which has been listed on the Neuer Markt
since July 1999, is an international vendor of collaborative-business solutions
for the Internet and intranet. Collaborative business enables the electronic
management of information within companies and between companies and their
customers and business partners, and permits automatic control of the flow of
information and electronic mapping of business processes. The services offered
by teamwork AG include consulting, development, implementation, support and
training. More than 1,000 companies in Germany and Great Britain now use
solutions from the teamwork group.
——————————————————————————–
WKN: 745620; ISIN: DE0007456204; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
180957 Mär 02
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found