PANDATEL AG i.A.

euro adhoc: PANDATEL AG
Earnings Forecast
Pandatel: business development marked by strategic reorientation in H1 2004 (E)

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Pandatel AG, Hamburg, has continued to focus on improving Sales and Development in H1 2004. Moreover, the acquisition of Lightmaze Solutions AG strongly enhances Pandatel’s optical networking product portfolio.

On preliminary consideration, business development will be below last year’s H1 level in H1 2004 in spite of the measures introduced. Yet it was not possible to reduce the loss incurred in the first quarter of 2004. Accordingly, at the moment the original sales and profit planning can no longer be maintained for FY 2004. The enterprise now expects revenue figures similar to FY 2003. Losses are expected to reduce by EUR 1m compared to previous year’s results.

Therefore, it became necessary to adjust the sales and profit planning, mainly attributable to the poor market development in Asia and America. The devices developed under this year’s product roll-out will be available from September 2004 as scheduled earlier. Thus, business will gain momentum in Q4 2004. Moreover, the acquisition of Lightmaze Solutions AG and the product marketing involved will yield first results in the same period.

Pandatel’s H1 Report will contain further information on the business development over the first six months on August 11, 2004.

Pandatel AG: Headquartered in Hamburg, Germany, Pandatel is a specialist provider of professional access and transmission technology for fiber-optic and copper data transmission. With a payroll of some 180, its own representative offices in France and Great Britain as well as subsidiaries in the United States, Israel and Singapore, and a range of sales partners world-wide, the publicly listed company supports corporate clients in 90 countries.

end of announcement            euro adhoc 09.08.2004
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Further inquiry note: Christina Kunze Tel.: +49 (0)40 644 14 187 E-Mail: cku@pandatel.com

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime All Share, Prime Standard
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



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