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JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Quarterly or Semiannual Financial Statements
JoWooD announces for the first time a positive result in the first quarter Restructuring process successfully implemented (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Group result with TEUR 35 significantly above target
Gross turnover increased to TEUR 4,458 in the first quarter
New sales structure a pillar of success
JoWooD Productions Software AG, a publicly traded company on the
Vienna Stock Ex-change, announced for the first time a positive Group
result for the first quarter. Due to the implementation of the
restructuring measures, the Group result after minorities amounted to
TEUR 35 in the traditionally weakest quarter of the year and, is
considerably above the forecasted figures.
The EBIT before restructuring measures and one-off effects also
increased up to TEUR 2,720 by ten fold in comparison with the
previous year. The turnover reached TEUR 8,444 well over the
expectations. This was achieved primarily due to a consistent and
successful implementation of the new sales structure. The planned
operative cash-flow reached TEUR 2,306 in the period under review and
was also surpassed considerably.
Due to the restructuring process started in the previous year the
balance sheet also improved considerably. The balance was almost cut
by half compared with first quarter of 2002, the return on equity,
inclusive of the minority interests, improved to 13 % in compari-son
to 4 % by September 30th, 2002.
end of announcement        euro adhoc 14.05.2003

Further inquiry note:

JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand. Karin Kraberger, Investor
Relations Manager Tel.: +43 (0)3614 2966 1015 mailo:investor@jowood.com http://www.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 074735
Index: ATX Prime, ViDX, WBI
Börsen: Wiener Börse AG / official dealing
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade

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