26.11.2002 – 08:49

PrimaCom AG

euro adhoc: PrimaCom AG
Quarterly or Semiannual Financial Statements
PRIMACOM REPORTS IMPROVED REVENUES AND RESULTS FOR Q3 and NINE MONTH 2002 - POSITIVE OPERATING RESULT FOR THE FIRST TIME PRIMACOM REPORTS IMPROVED REVENUES AND RESULTS FOR Q3 and NI

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.

PrimaCom reports further improved group revenues and results for the
third quarter and first nine months of 2002. 
Third quarter revenues reached Euro 46.0 million a 10.1 percent
increase over the third quarter 2001. 
In the third quarter of 2002, PrimaCom achieved a positive operating
result of Euro 1.4 million for the first time. This represents a 200
percent increase over the Euro 1.4 million operating loss for the
second quarter 2002 and a 114 percent increase over Euro 10.3 million
operating loss for the third quarter 2001. 
EBITDA for the third quarter of 2002 increased to Euro 21.7 million,
a 23.3 percent increase over the third quarter 2001. Adjusted EBITDA
for the third quarter of 2002 increased to Euro 22.4 million, a 20.7
percent increase over the third quarter of 2001. The net loss of the
third quarter of 2002 was reduced to 21.6 million, a 22.4 percent
decrease from the third quarter of 2001 net loss.
Revenues for the first nine months of 2002 reached Euro 135.2
million, a 12.3 percent increase over the same period in 2001. The
operating profit in the first nine months of 2002 notably improved to
1.0 million, which is 96.8 percent better than the Euro 31.1 million
operating loss for the first nine months of 2001. 
EBITDA for the first nine months of 2002 increased to Euro 58.7
million, a 15.6 percent increase over the first nine months of 2001.
Adjusted EBITDA for the third quarter of 2002 increased to Euro 62.2
million, a 15.9 percent increase over the adjusted EBITDA for the
same period 2001. The net loss for the first nine months of 2002
reduced to 72.7 million, a 10.6 percent decrease from the net loss
for the same period in 2001.
PrimaCom continues to focus on revenue improvements and cost
reduction management. The company’s high-speed Internet sector enjoys
double digit growth and is expected to increasingly contribute to
consolidated revenues. With the improved results achieved during the
first nine months of 2002 and having reached a positive operating
profit in the third quarter for the first time, PrimaCom remains
confident that it will reach the higher end of its anticipated
EBITDA-range for the year ended December 31, 2002.

There will be a full length press release on the third quarter and
nine month results of 2002 later today.

end of announcement        euro adhoc 26.11.2002

Further inquiry note:

Alexander Hoffmann Investor Relations Tel. 06131 - 9310 150 e-mail: investor@primacom.de
PrimaCom AG, Hegelstrasse 61, 55122 Mainz www.primacom.de

Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Frankfurter Wertpapierbörse / Neuer Markt