Lintec Computer AG

euro adhoc: Lintec Information Technologies AG
Annual Reports / Interim Result first Quarter 2004: Operating Loss EBITDA of -0.9 mEUR, Net Loss of -1.65 mEUR. (E)

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During the first Quarter 2004 LINTEC Information Technologies AG (ISIN DE0006486004) has not been successful in achieving a satisfactory result. Turnover was 5.5 mEUR, EBIT -1.2 mEUR loss and the net result -1.65 mEUR loss.

Q1-2003 numbers (turnover: 34.7 mEUR, EBIT 2.1 mEUR, net result -1.3 mEUR loss) are not entirely comparable as LINTEC sold its stake in Intenso GmbH later in 2003 as well as its "Anycom" business in rfi. Both businesses contributed substantially to turnover and results during Q1-2003.

However, since the operating result of the business was rather unsatisfactory too the Management Board has decided the following measures within the framework of "LINTEC 2004": 1. LINTEC withdraws from the PC mass market, particularly from the price aggressive entry segment. High value servers and PCs as well as PC based solutions will continue to be offered. 2. LINTEC’s assembly lines will be offered to third parties as part of a new services segment. Negotiations with third parties are underway. 3. The brand business around SAVEstore® und spiFFy® is being pushed with greater efforts. This effort is aimed at improving yields. This segment has been strenghened with more personell backup.

Without these measures being implemented LINTEC would get into more serious difficulties during the course of this year. By focussing on less cash intensive products and processes the Management Board of LINTEC expects an improvement in business performance this year.

The full report for Q1-2004 will be provided for download at the company’s website under www.lintec.de as from 14 May 2004 and can be ordered from the company. The new business strategy will be explained by the new CEO Thomas Goletz at the AGM which will take place on the same day. This is then being published on the internet as well.

end of announcement            euro adhoc 10.05.2004
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Further inquiry note: LINTEC Information Technologies AG, Dep’t MarCom • Tel: +49 (0)34298 71607 • Fax: +49 (0)34298 71372 • Email: 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



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