Winter AG
Winter AG english

Ad Hoc Press Release of Winter AG’s final results to 31.12.2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad Hoc Press Release of Winter AG’s final results to 31.12.2002 Olching near Munich, 12 March 2003 Winter AG, a leading producer of systems and chipcards, published its final results for the 2002 financial year today. Sales for the twelve months to 31 December 2002 totalled Euro 43.3 million, compared to Euro 44.2 million in the prior year. EBIT decreased from Euro 0.8 million in the 2001 financial year to minus Euro 7.3 million in financial 2002. The net loss for the year amounted to Euro 7.5 million (2001: net profit of Euro 0.4 million). Earnings per share were minus Euro 1.23 (prior year: positive Euro 0.06); headcount was 316 employees (prior year: 327). The shareholders’ equity base was 53.7% and Euro 20.4 million. For the year 2003 Winter AG expects sales of Euro 44.2 million and negative EBIT of minus Euro 2 million. Restructuring measures will be concluded in 2003 and create the basis for earnings’ improvement. In 2004 Winter AG aims to return to profitability. The reason for the fall in revenues was, in particular, the decrease in Card Services’ sales in the last quarter of 2002 due mainly to the general state of the economy. The negative EBIT was especially caused by extra- ordinary write-downs and risk management efforts, which were provided for because of a risk analysis conducted in line with the German Act for Controlling and Transparency in Companies (KonTraG). In addition, the company initiated its first restructuring measures, which certainly burdened earnings in the 2002 financial year. In the Cards division – with the lion’s share of sales at 58.7% (prior year: 55%) – turnover increased from Euro 24.3 million in 2001 to Euro 25.4 million in the past financial year. On the other hand, revenues in the Card Service’s division fell from Euro 19.1 million (43.2% of sales) in 2001 to Euro 16.7 million (38.5% of sales) in the 2002 financial year. Turnover in the IT Security division rose from Euro 0.8 million (1.8%) in 2001 to Euro 1.3 million in 2002, representing 3% of total revenues for the year. The final results may be obtained from Winter AG’s Annual Report: ( http://www.winter-ag.com ) Contact: Winter AG, Susan Hoffmeister-Byrne, Investor Relations; / 82140 Neu- Esting / Tel.: 08142 303 285, Fax: 08142 303 173; susan.hoffmeister@winter-ag.com ; http://www.winter-ag.com end of ad-hoc-announcement (c)DGAP 12.03.2003 ——————————————————————————– WKN: 555560; ISIN: DE0005555601; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 120743 Mär 03