Bechtle AG

euro adhoc: Bechtle AG
Provisional figures for first half 2004; attestations of Bechtle subsidiary PSB AG are revoked (E)

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Provisional figures for first half 2004; attestations of Bechtle subsidiary PSB AG are revoked

Neckarsulm, 09.08.2004. On the basis of provisional figures, Bechtle increased its earnings before tax by approximately 78 percent to 14.3 mill. Euro compared to the same period in the previous year (8.0 mill. Euro). The second quarter of 2004 contributed 6.2 mill. Euro, as compared to 4.2 mill. Euro (up 47 percent) in the same period of the previous year. Revenues in the first half of 2004 rose 36 percent from 261.4 mill. Euro to 492.1 mill. compared to the same period of the previous year. Revenues in the second quarter 2004 were 243.7 mill. Euro, up approximately 29 percent on the second quarter of 2003.

The suspicions of the PSB Supervisory Board and the new Board of Directors of PSB AG in office since April 2004 proved correct. On examination of the accounts in question, the auditors of PSB AG, Rölfs WP Partner Wirtschaftsprüfungsgesellschaft, Leipzig, notified PSB AG that, on account of irregularities well beyond the scope of those initially assumed in the evaluation of PSB AG's consolidated assets and liabilities in the financial years from 2001 up until and including 2003, the auditor's reports for the annual and consolidated financial statements of PSB AG will be revoked from 31 December 2001 up until and including 2003.

On the basis of provisional, unaudited company and consolidated financial statements of PSB AG drafted in conjunction with an auditing firm, the equity capital of PSB AG and PSB Group as at 31.12.2003 was corrected downwards by approximately 4.7 million Euro and 3.9 million Euro respectively. The effects of this correction on the balance sheet have already been taken into account in the consolidated financial statements of Bechtle AG as at 30 June 2004. Since the changes in the equity capital of PSB AG are relevant to first-time consolidation, the consolidated financial statements of Bechtle AG have not been significantly affected by this.

Bechtle will publish its final figures for the first half of 2004 together with an outlook on the financial year 2004 on 13 August 2004.

Contact: Ute Thamm, ir@bechtle.com, +49 (0)79 71/ 9502 - 24. www.bechtle.com

end of announcement            euro adhoc 09.08.2004
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Further inquiry note: Ute Thamm IR-Manager +49(0)7971 9502-24 ir@bechtle.com

Branche: Software
ISIN:      DE0005158703
WKN:        515870
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



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