Kamps AG
Kamps AG english

Kamps AG – 1st quarter 2003 Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Kamps AG – 1st quarter 2003 Düsseldorf, May 27, 2003 The results for the 1st quarter of Europe’s leading bakery goods specialist, the Düsseldorf-based Kamps Group, are in line with the expectations of the company. Despite the persistently weak consumer climate in Europe, sales remained virtually stable at EUR 420.6 million (Q1 2002: EUR 421.8 million). While the packed bread and bakery goods business improved, sales of the bakery shops fell. At EUR 39.7 million, EBITDA was below the previous year’s figure (Q1 2002: EUR 42.3 million). The main reasons for this decrease are the higher raw material (particularly of flour) and energy costs, and selling expenses which were not passed on to the customers in the form of a price rise. However, the Kamps Group improved its net result (after taxes, interest and extraordinary costs) to a loss of EUR 2.0 million (Q1 2002: loss of EUR 14.5 million). The net debt of the Group was also reduced in the first quarter of 2003 by EUR 7.4 million to EUR 785.8 million versus the Q4 2002 figure of EUR 793.2 million. This shows that the Group has started to stabilise after the extremely difficult year 2002. Key Figures of Kamps AG (Group) in million euros in million euro 31.03.03 31.03.02 Change absolute percentage Sales (net) 420.6 421.8 – 1.2 -0.3 EBITDA 39.7 42.3 – 2.6 -6.1 Group net result -2.0 -14.5 +12.5 +86.2 Net debt 785.8 793.2 *) -7.4 -1.0 *) as at 31.12.2002 Contact: Kamps AG Investor Relations Thomas Sterz 0049-211-530 634 230 Public Relations Volker Berg 0049-211-530 634 66 Fax 0049-211-530 634 67 Internet http://www.kamps.de e-mail info@kamps.de end of message, (c)DGAP 27.05.2003 ——————————————————————————– WKN: 628060; ISIN: DE0006280605; Index: Listed: Amtlicher Markt in Düsseldorf und Frankfurt (General Standard); Freiverkehr in Hamburg, Hannover, München und Stuttgart 271031 Mai 03