InfoGenie Europe AG

euro adhoc: InfoGenie Europe AG
Annual Reports
Streamlining measures at InfoGenie proving successful Improved revenues and earnings - capital measures implemented (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- Berlin, April 30, 2003 - The streamlining measures initiated last year at InfoGenie Europe AG (SIN 747 206) are beginning to bear fruit. In fiscal 2002 work procedures were optimized, the workforce was reduced to a core team and further cuts were imposed on spending. As a result, the company’s cash burn rate was lowered by 76.8%, to EUR 1.8 million. The operating result improved by 15.3% and revenues climbed by 7.8%, bucking the generally poor trend in the industry as a whole. Board member Thomas Dehler now believes it will be possible to reach break-even point in the first semester of 2003. In presenting its annual financial statements, InfoGenie also took additional risks off its balance sheet. For instance, the amortization of goodwill came to EUR 1,288 k. While this depleted the company’s balance-sheet equity by the end of the year, the capital measures agreed last year have meanwhile been effectively entered in the Commercial Register; as a result, raising the company’s common stock by EUR 7.25 million, to EUR 8,308,947. These capital measures are primarily backed by strategic investor ebs Holding AG, which now holds over 90.9 per cent of the company’s shares. InfoGenie is now making every effort to have the new shares listed for trading on the stock market. ~ Key figures (in EUR k) 2002 2001 Total revenues 2,971 2,755 Earnings before taxes -3,893 -4,653 Financial resources 294 1,269 Shareholders’ equity -98* 3,046 Total assets 1,733 4,497 Cash flow from ordinary business activities -1,844 -4,003 Earnings per share (in EUR) ** -0.87 -0.73 ~ * Shortfall not covered by equity amounts to EUR 98 k ** The increased loss per share was the result of the 6:1 capital reduction effected in November. end of announcement euro adhoc 30.04.2003 --------------------------------------------------------------------- Further inquiry note: InfoGenie Europe AG Thomas Kruithof IR-Manager Tel.: +49(0)30 726102-122 ir@infogenie.com Branche: Telecommunications Services ISIN: DE0007472060 WKN: 747206 Index: 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 Börse Düsseldorf / free trade Baden-Württembergische Wertpapierbörse / free trade

Das könnte Sie auch interessieren: