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