TelesensKSCL AG
TelesensKSCL AG english
Ad hoc Announcement dated 22 March 2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement: TelesensKSCL
Cologne, 22 March 2002 – In the light of the continued difficult economic
situation in the telecommunications industry the TelesensKSCL Management Board
has lowered the projected revenue target for 2002 from EUR 85 million to EUR 75
million. In agreement with the company’s Supervisory Board, the Management Board
is seeking to mitigate the impact of the anticipated reduced revenue levels on
its earnings and liquidity position by continued strict cost control.
In addition, the Management Board is reviewing strategic options to position the
company for the future. As has already been stated publicly, the options under
discussion include a stake in or take-over of TelesensKSCL by a strategic
partner. Talks in this regard are ongoing.
Iain McCready, responsible for Professional Services within the Management
Board, will leave the Board with immediate effect. His tasks will be taken over
by Frank Schiewer (CSO).
Investor Relations: Nina von Moltke
E-mail: investor@telesenskscl.com
Internet: http://www.TelesensKSCL.com
TelesensKSCL AG, Global Solutions
Ferdinand-Porsche-Strasse 1, 51149 Cologne
Tel.: +49 2203 91 28 888, Fax.: +49 2203 91 28 150
End of announcement
end of ad-hoc-announcement (c)DGAP 22.03.2002
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WKN: 529970; ISIN: DE0005299705; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
220844 Mär 02
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