d+s europe AG

euro adhoc: D+S europe AG
Mergers - Acquisitions - Takeovers
Ad hoc report pursuant to § 15 WpHG D+S europe AG: Takeover of cca24 in Southern Germany– Positive EBIT for First Time in Third Quarter

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HAMBURG/AUGSBURG/HOF, Nov. 1, 2004. D+S europe AG (ISIN DE0005336804 and DE000A0A8FU4) took over cca24 - dialog center gmbh (Augsburg, Hof), one of its top 20 competitors, retroactively as of October 1, 2004. With over 600 employees, cca24 ranks among those companies in the call center industry exhibiting the strongest growth. With this takeover, D+S europe has moved up to fifth place in its chosen industry in Germany.

cca24 plans to achieve revenues of over EUR 10.5 million (2003: EUR 6.0 million) for 2004 and is expecting further two-digit growth in 2005. Following recent contracts in the areas of industry, finance and the media, cca24 is now making preparations to create new jobs at its Hof location, which is subsidized by the State of Bavaria. cca24’s activities will complement the D+S portfolio. For example, cca24 sees itself as a leading German provider of customer care services in the TV/entertainment area and also has a strong position in the automotive and utility areas. This acquisition will give D+S Europe AG a presence in eight of the country´s states, which will make the company the number one in its industry in terms of the number of the country´s states in which it is present. This location in the southern part of the country will give D+S access to new groups of customers that find it important to work with local providers. At the same time, Bavaria offers ideal prerequisites as a bridgehead for expansion abroad.

With an EBIT factor of under 5, the purchase price, which consisted of approximately 50% in stock, is strongly linked with the future performance of cca24. In the years 2005 and 2006, cca24 plans to achieve operating EBIT in the amount of EUR 1 million and EUR 1.25 million respectively. With respect to the 775,000 new shares created for the purchase from authorized capital, this represents earnings in the amount of over 75 cents per new share (EPS). After adjustment to the total number of 13,990,476 D+S shares, this represents expected earnings per share (EPS) of over 4 cents from cca24’s results.

Previously cca24’s sole shareholder, Markus Frengel, will continue to manage the company. At the group level, Frengel will also assume responsibility for marketing and continue to build up D+S europe’s AG’s market position in southern Germany.

Despite charges in connection with preparations for acquisitions and acquisitions carried out recently, D+S Europe AG posted positive EBIT for the third quarter of 2004, which made this the first profitable quarter since the company’s stock market debut in May 2000. With revenues of over EUR 16.5 million, fourth-quarter 2004 will be the best quarter in the company’s history.

end of announcement                                euro adhoc 01.11.2004 17:16:41
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Further inquiry note: D+S europe AG, Investor Relations, Henning Soltau, Tel.: +49 (0) 40/4114-3542

Branche: Media
ISIN:      DE0005336804
WKN:        533680
Index:    Prime Standard, CDAX, Classic All Share, Prime 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
              Bremer Wertpapierbörse (BWB) / free trade



Weitere Meldungen: d+s europe AG

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