Lintec Computer AG

euro adhoc: Lintec Information Technologies AG
Quarterly or Semiannual Financial Statements
Ad hoc announcement by LINTEC Information Technologies AG (Securities Code Number 648 600/A0E KK6, ISIN DE0006486004/DE000A0EKK61) in accordance with Section

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- 12.05.2005 With turnover totalling EUR2.9 million in the first quarter of 2005 (compared to EUR5.5 million in Q1 2004), LINTEC AGEURs earnings before interest, taxes, depreciation and amortisation amounted to a loss of EUR102,000 (improving on Q1 2004´s loss of EUR894,000). The group loss for the period was significantly reduced to EUR322,000 (Q1 2004: EUR1.651 million). LINTEC´s main obstacle remains the financing of large orders, which is one of the reasons for the drop in turnover compared to Q1 2004. On the one hand, turnover declined during the first two months of the year in response to seasonal and market factors; on the other, LINTEC was unable to fully keep up with the rising orders in March, its operating business being somewhat hamstrung by the shortage of liquidity. Consequently, the outcome of the "chip deal" negotiations recently reported must be viewed as a key success, since it paves the way for LINTEC to acquire the financing so urgently needed to develop its operating business. LINTEC´s management is therefore optimistic that the restructured divisions PCs & Entertainment Electronics as well as Production & Logistics can be further developed in 2005 as planned. ~ Key income statement 1 Jan to 1 Jan to Change figures (EUREUR000) 31 Mar 2005 31 Mar 2004 Turnover 2,911 5,517 (47.2%) EBITDA (102) (894) (88.6%) EBIT (271) (1,168) (76.8%) Pre-tax profits (EBT) (333) (1,685) (80.2%) Group loss for the period (322) (1,651) (80.5%) Earnings per share (EUR0.04) (EUR0.20) ~ When comparing the quarterly figures, the following factors need to be taken into account. During Q1 2004, the figures still included both MVC Mitteldeutsche Venture Capital AG (sold in June 2004) and rfi mobile technologies AG (sold in February 2005). The sale of rfi (whose purchase price the parties involved have agreed not to disclose) resulted in consolidation returns in the period under review. Furthermore, a change in the method of accounting and assessment used stemming from the application for the first time of IFRS 2 (Share-based payments) must be borne in mind. Under this rule, share-based payments may only be rated at their fair value. LINTEC Information Technologies AG offers its management and employees share options, which have been reported in the balance sheet accordingly in line with IFRS 2. The expenditure carried (for previous periods and the current quarter) is EUR102,000. The complete interim report on Q1 2005 can be downloaded from the company´s website as of 13 May 2005 (the date of LINTEC´s AGM in Leipzig), and can also be requested from the company directly. end of announcement euro adhoc 12.05.2005 08:03:01 --------------------------------------------------------------------- Further inquiry note: LINTEC AG, Investor Relations EUR Tel: +49 (0) 34298 71607 EUR Fax: +49 (0) 34298 71372 EUR Email: EUR Web: Branche: Computing & Information Technology ISIN: DE0006486004 WKN: 648600 Index: Prime Standard, CDAX, Prime All Share, Technologie All Share Börsen: Frankfurter Wertpapierbörse / regulated dealing Berliner Wertpapierbörse / free trade Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Niedersächsische Börse zu Hannover / free trade Bayerische Börse / free trade

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