Winter AG

euro adhoc: Winter AG
Preliminary figures to 31st December 2003: Winter closes the fiscal year 2002 with a negative EBIT of 6.6 million Euro, Gerhard Osterrieder leaves the Management Board. (E)

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Olching near Munich, 16th February 2003. Winter AG, the Prime Standard-listed chipcard manufacturer released its preliminary figures according to IAS, for the fiscal year ending 2003, today, subject to the results of the annual audit.  

Turnover to 31st December 2003 amounts to 29.5 million EUR; EBIT is minus 6.6 million EUR. The planned figures of 31 million EUR in turnover and minus 4.3 million EUR in EBIT could not be achieved. The reasons for this is the absence of turnover in the "Cards" area, not as planned realisable earnings in the "Card Services" division and further strong pressure on prices due to overcapacities on the market. Despite considerable cost savings, we did not succeed in compensating the reduction of turnover of existing customers with turnover of new clients. The final figures according to IAS to 31st December 2003 will be released on 31st  March 2003 with the background of the new orientation of the company.

With decision of the supervisory board of 16th Februar 2004 Gerhard Osterrieder, member of the mangement board, has been released from his duties as with  immediate effect.

Winter AG WKN: 555 560 Contact:

Winter AG Susan Hoffmeister-Byrne Marketing & Investor Relations Hermann-Boecker Str. 19-25 82140 Neu-Esting/Munich Tel.: 08142 303 285 Fax: 08142 303 173 Email: susan.hoffmeister@winter-ag.com http://www.winter-ag.com

end of announcement            euro adhoc 16.02.2004
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Further inquiry note: Susann Hoffmeister Marketing & IR Leitung T.: +49(0)174 300 3950 susann.hoffmeister@winter-ag.com

Branche: Computing & Information Technology
ISIN:      DE0005555601
WKN:        555560
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
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



Weitere Meldungen: Winter AG

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