PrimaCom AG

euro adhoc: PrimaCom AG
Annual Reports
PRIMACOM REPORTS RESULTS FOR THE SECOND QUARTER AND FIRST HALF YEAR 2003 ENDED JUNE 30 (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- Mainz, August 28th, 2003 - PrimaCom AG (OTC BB "PCAGY" and Prime Standard Frankfurt Stock Exchange: "PRC" or ISIN No. "DE0006259104",) today reported improved consolidated revenue and operating results for the second quarter and first six months of 2003. Second Quarter Results: Total revenue increased by 9.7 per cent to Euro 49.7m in the second quarter of 2003 versus Euro 45.3m in the second quarter of 2002. During the same period, operating results turned around showing a profit of Euro 4.4m after a loss of Euro 1.4m for the same period in the previous year. Net loss decreased by 39.2 per cent to Euro 23.2m. EBITDA was up for second quarter of 2003 by 37.7 per cent to Euro 25.2m. First Half Year Results: Total revenue increased by 9.4 per cent to Euro 97.7m in the first half of 2003 versus Euro 89.2m in the first half of 2002. During the same period, operating results turned around and showing a profit of Euro 7.1m after a loss of Euro 2.4m for the same period in the previous year. Net loss decreased by 9.1 per cent to Euro 46.4m. EBITDA was up for the first six months by 29.7 per cent to Euro 48.0m. These improved operating results help in the company’s important task to strengthen its financial position. At June 30, 2003, aggregate consolidated indebtedness was Euro 936.2m, which is comprised of Euro 505.3m of senior bank debt, Euro 426.5m convertible second secured debt, Euro 3.9m capital leases obligations and Euro 0.5m of deferred purchase obligations. PrimaCom will report more details of its second quarter and first half 2003 results in a comprehensive press release later today. Information can be obtained at Company’s web page www.primacom.de. end of announcement euro adhoc 28.08.2003 --------------------------------------------------------------------- Further inquiry note: Alexander M. Hoffmann Branche: Telecommunications Equipment ISIN: DE0006259104 WKN: 625910 Index: CDAX, Prime All Share, Prime Standard Börsen: Frankfurter Wertpapierbörse / regulated dealing Niedersächsische Börse zu Hannover / free trade Berliner Wertpapierbörse / free trade Bayerische Börse / free trade Hamburger Wertpapierbörse / free trade Bremer Wertpapierbörse (BWB) / free trade Börse Düsseldorf / free trade Baden-Württembergische Wertpapierbörse / free trade

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