InfoGenie Europe AG

euro adhoc: InfoGenie Europe AG
Quarterly or Semiannual Financial Statements
InfoGenie Europe AG records profit for the first time Significant increase in quarterly revenues (E)

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Berlin, August 29, 2003 - InfoGenie Europe AG (ISIN: DE 000 7472060) succeeded in pulling off a trend reversal, generating a Group profit for the first time in the second quarter of 2003. The surplus for the period in question came to EUR 107,000 (previous quarter: -EUR 603,000). In addition to tax effects, the new subsidiaries, InfoGenie Global GmbH and Crosskirk S.L. made a substantial contribution toward this positive result.  Sales revenues in Q2 2003 were in the region of EUR 2.8 million, up 261% year-on-year. Adjusted for the new subsidiaries, the growth rate amounted to 7%, to reach EUR 815,000 (previous year: EUR 761.000).

For the full first semester, Group revenues rose to approx. EUR 3.9 k, representing an increase of 140% year-on-year. Excluding the new subsidiaries, revenues (at EUR 1.8 million) were close to 11% higher year-on-year.

For the financial year as a whole, the company expects to record a substantial increase in revenues and to move into positive earnings territory for the first time. The extent to which the trend of the particularly positive first semester can continue will depend on an economic revitalization and on the changes to fundamental operating conditions made by the regulatory authorities.

Key figures in Q2 2003:
~
in 1.000 EUR          2. Quarter 2003 2. Quarter 2002 Change
2002 - 2003
Revenues                 2.747                 761                    261 %
EBIT                        - 57                  - 590                 90 %
EBT                         - 50                  - 599                 92 %
Net result              107                    - 603                 -
Earnings per share 0,01 Euro          - 0,09 Euro        -
~
Key figures for the first half of 2003:
~
In 1.000 EUR          1. Semester 2003 1. Semester 2002 Change
2002 - 2003
Revenues                 3.882                  1.619                  140 %
EBIT                        -463                    -1.230                 62 %
EBT                         -455                    -1.218                 63 %
Net result              -313                    -1.223                 74 %
Earnings per share -0,06 Euro          -0,19 Euro          68 %
~
Total assets rose from EUR 1,733 k (as at December 31, 2002) to EUR
11,144 k (as at June 30, 2003) due to the non-cash contribution.

end of announcement            euro adhoc 29.08.2003
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Further inquiry note: Thomas Kruithof IR-Manager Tel.: 030.726102-122 Fax: 030.726102-199 Email: tkruithof@infogenie.com

Branche: Telecommunications Services
ISIN:      DE0007472060
WKN:        747206
Index:    CDAX, Prime All Share, Prime Standard, Technologie All Share
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



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