13.11.2003 – 20:23

Lintec Computer AG

euro adhoc: Lintec Information Technologies AG
Quarterly or Semiannual Financial Statements
LINTEC interim report third Quarter 2003: Profit on EBITDA level after nine months. Full year results expected positive. (E)

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

Taucha, 13 November 2003: LINTEC Information Technologies AG (WKN 648
600, ISIN DE0006486004) reports a slightly positive EBIT for the
first three Quarters 2003 (Euro 130k), compared with a Euro 13.9
million loss for the same period last year. 
As expected, demand remained disappointing during the two summer
months, however, it improved noticeably in September. The main reason
for the negative EBITDA in the third Quarter was the contribution
from the subsidiaries rfi AG and Intenso GmbH which was below
expectation. This was a main reason for the sale of the LINTEC’s
stake in Intenso and the most cost intensive business area of rfi AG
after the close of the Quarter. Both transactions were reported
adhoc.
This is an overview of the key figures:
~
Key figures, income statement,  Q 3/03  Q 3/02  Q 1-3/03  Q 1-3/02
in EUR’000
Turnover                        18,372  38,767   76,376   158,252
EBITDA                          -2,013     875    2,101    -4,925
EBIT                            -2,771  -3,568      130   -13,927
Pre-tax Earnings (EBT)            -795  -3,494    1,907   -26,376
Net Income / Loss                 -685  -7,218   -1,254   -31,549
Earnings per share (Euro)       (0.08)  (0.91)   (0.15)    (3.99)
~
Despite unsatisfactory results of concern subsidiaries rfi AG,
Batavia AG and Intenso GmbH the progress within LINTEC’s core
business as well as the venture capital business MVC AG is
increasingly pleasing. As a consequence, LINTEC cautiously adjusted
valuations within the venture capital company at the Quarter end.
The restructuring work aimed at refocusing and stream lining
continues to be on target. Personnel costs were reduced by one third
throughout the concern compared with the same period last year. The
LINTEC group employed 266 people at the end of the Quarter after 421
one year ago.
The LINTEC management board expects a reduction in sales and an
improvement of operating results following the deconsolidation of
Intenso GmbH. The company expects a positive EBIT for the full year
of 2003.
The full quarterly report can be downloaded at www.lintec.de. A
printed version is available from the company on request.

end of announcement        euro adhoc 13.11.2003

Further inquiry note:

LINTEC Information Technologies AG, Abt. MarCom. Tel. ++49/0
34298-71-607, Fax -372. E-Mail: aktie@lintec.de, Web: www.lintec.de.

Branche: Computing & Information Technology
ISIN: DE0006486004
WKN: 648600
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