PrimaCom AG

euro adhoc: PrimaCom AG
Annual Reports
PRIMACOM REPORTS IMPROVED REVENUES AND RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2003 (E)

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Mainz, November 28, 2003: PrimaCom reports further improved consolidated revenues and results for the third quarter and first nine months of 2003. Third quarter 2003 revenues reached Euro 49.5 million a 7.6 per cent increase over the third quarter of 2002. The Company significantly improved its operating profit to Euro 5.9 million in the third quarter of 2003 compared with Euro 1.4 million in the third quarter of 2002. This improvement is the result of continued cost control measures and increased revenues. EBITDA for the third quarter of 2003 increased to Euro 29.3 million, a 35.0 per cent increase over the third quarter 2002 EBITDA. Net loss for the third quarter of 2003 was Euro 22.0 million compared with a net loss of Euro 21.6 million for the third quarter of 2002. Revenue increased by 8.4 per cent to Euro 146.5 million for the first nine months of 2003 compared with Euro 135.2 million in the first nine months of 2002. The operating profit for the first nine months of 2003 significantly improved  to  Euro 13.0 million after an operating loss of Euro 1.0 million in the first nine months of 2002. EBITDA for the first nine months of 2003 increased to Euro 77.3 million, a 31.6 per cent increase over the first nine months of 2002. Net loss for the first nine months of 2003 decreased to Euro 68.4 million, a 5.9 per cent decrease from the first nine months 2002. Revenue generating units increased by 24,195 or 1.8 per cent from 1,359,036 at September 30, 2002 to 1,383,231 at September 30, 2003. The primary factor responsible for the growth was the 52.9 per cent or 25,661 increase in high-speed internet subscribers. PrimaCom continues to focus on revenue improvements, cost reduction management and profitability improvements and actively pursues all opportunities to reorganise its debt and equity structure. There will be a full length press release on the third quarter and nine month results of 2003 later today.

end of announcement            euro adhoc 28.11.2003
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Further inquiry note: Alexander M. Hoffmann Director IR Tel.: +49 (0) 6131 944 520 Fax: +49 (0) 6131 944 509 E-Mail: investor@primacom.com

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



Weitere Meldungen: PrimaCom AG

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