antwerpes AG

euro adhoc: antwerpes AG
antwerpes releases its figures for the first six months of the year (E)

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Sales: EUR  5.2 M. EBITDA: EUR 0.3 M. EBIT: EUR  0.1 M. Profit per share: 4 cent

Cologne, 4 August 2004 - antwerpes ag, Cologne, (ISIN DE0005471007) achieved sales totalling 5.2 million euro in the first six months of the 2004 financial year. Sales amounted to 2.8 million euro in the second quarter of 2004 which reflected an increase of 14% or 0.4 million euro when compared to the 1st quarter. Compared to the first six months of 2003, there was a decrease in sales amounting to 25% or 1.7 million euro. When compared to the first six months of 2003, which were marked by an operational loss and restructuring costs, the result has however clearly improved: Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by 0.5 million euro, rising from -0.2 million euro to 0.3 million euro. Earnings before interest and taxes (EBIT) increased by 0.6 million euro, rising from -0.5 million euro to 0.1 million euro. The result from ordinary business activities increased by 0.6 million euro, rising from -0.1 million euro to 0.5 million euro. Profit per share amounts to 4 cent (-2 cent). The Health Modernisation Law (GMG) continues to influence the investment behaviour of customers in the healthcare market, with whom the antwerpes Group generates three quarters of its sales. Overall, the Board of Directors is expecting lower sales figures for the 2004 financial year and a better result when compared to 2003. Liquid funds and fixed-asset and current-asset securities amounted to 30.6 million euro or 5.18 euro per share at the end of the 1st six month period and therefore corresponded to the level for the 1st quarter of 2004 (30.4 million euro).   ~ Overview of the company indicators for the first 6 months of 2004/2003 in tabular form

Indicator      1st 6 months of 2004  1st 6 months of 2003    Change
                                 in euro                        in euro
Sales                          5,195,000              6,903,000                 -25%
Gross earnings            3,362,000              4,118,000                 -18%
EBITDA                            287,000                -187,000              <-100%
EBIT                                 92,000                -513,000              <-100%
Result from ordinary
business activities        487,000                -116,000              <-100%
Result/share in euro          0.04                    -0.02              <-100%
Funds to hand            30,565,000            30,246,000                    1%

Indicator      2nd quarter of 2004  2nd quarter of 2003        Change
                                 in euro                 in euro
Sales                         2,772,000                 3,268,000                -15%
Gross earnings          1,733,000                 1,865,000                 -7%
EBITDA                          177,000                  -440,000            <-100%
EBIT                                81,000                  -605,000            <-100%
Result from ordinary
business activities      272,000                  -387,000            <-100%
Result/share in euro         0.02                        -0.04            <-100%
Funds to hand          30,565,000                30,246,000                  1%
~


end of announcement            euro adhoc 04.08.2004
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Further inquiry note: Tanja Mumme Tel.: +49 (0)221 92053 139 E-Mail: tanja.mumme@antwerpes.de

Branche: Advertising
ISIN:      DE0005471007
WKN:        547100
Index:    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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