m + s Elektronik AG i.L.
*vwd Ad-hoc-Service: m + s Elektronik AG english

Ad hoc announcement transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– m+s AG 9-month results:Targets met after excluding one-off items/EBITDA exceeds target by 7% after excluding one-off items/Aim:become one of the leading German information & communication service providers Niedernberg, 23.3.2001. The 9-month figures show that m+s is on track to become one of the most profitable German information & communication service providers in line with its stated strategy. As of 31.1.2001, the end of the third quarter, m+s met or exceeded targets for both revenue and operating profit. Most important, EBITDA exceeded our target by almost 7%. These figures do not include the one-off items for the disposal of m+s’s share of DRV Dr. Boehmer GmbH & CoKG (100%) to the 100% subsidiary of m+s, m+s EDV Service GmbH & CoKG. This disposal has resulted in a loss in the region of DM19 m. After excluding this exceptional DM19 m loss the results are as follows (in DM m): RESULT PLAN Difference (%) Turnover 928.8 862.3 7.7 EBITDA 24.7 23.2 6.5 EBIT 12.6 12.2 3.4 EBT 14.7 14.9 (1.5) Apart from the cost of the share disposal, the results were also affected by the integration costs associated with recent acquisitions. These amounted to DM5.7 million (EBITDA) by 31 January 2001, DM (6.4) million in EBIT terms, DM (4.3) million EBT. During recent weeks, the Board has taken further steps to implement its strategy. Strategic restructuring is underway. Hardware is still going to be part of the portfolio, but it is going to be complemented by services which we expect to grow steadily and profitably as business volumes increase. In the future, our Server/Storage and Intelligent Network Solutions units shall contribute 15 – 20 % to turnover. In the course of the company’s restructuring m+s has acquired five companies over the last nine months. The acquired companies will add further services to the overallportfolio of m+s activities. Their integration has of course not yet been completed. The associated costs will have an impact on year-end and especially on fourth-quarter-results. There were no changes in directors’ holdings over the reported period. For further information please contact: m+s AG, Investor Relations, Kerstin Kalajian, Tel: +49-6028-944-1554, kerstin_kalajian@mus.de, www.mus.de end of ad hoc announcement, (c) DGAP 23.03.2001 ——————————————————————————– WKN: 661740; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 230928 Mär 01