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Lintec Computer AG

euro adhoc: Lintec Information Technologies AG
Quarterly or Semiannual Financial Statements
LINTEC: Return to operating profit . Very good orders position. Operative planning for the year confirmed. Further non-cash-effective depreciations carried ou

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
In the course of Q3 2002, the LINTEC Group managed to return to
profit. Quarterly turnover further declined as expected, totalling
Eur38.8 million according to plan and totalled Eur38.8 million
(Eur49.8 million in the previous quarter). EBITDA within the group
were Eur0.9 Mio. EUR, an indication of the efficiency of the
restructuring process underway. In Q2, EBITDA without special facts
was still negative, amounting to -Eur0.4 million. According to
current projections, the LINTEC Group will further boost this
positive trend in the course of Q4 2002, and is likely to achieve a
noticeably improved operating result.
Turnover after the first three quarters of 2002 was Eur158.3 million
(compared to Eur268.2 million a year ago) while the operating loss
was reduced to -Eur4.9 million (-Eur0.1 million).
Compared with the previous quarter, current liabilities as of the
balance sheet date 30 September 2002 went down from Eur58 million to
Eur53.5 million. At the end of 2001 LINTEC still had current
liabilities totalling Eur87.8 million. Current and non-current
liabilities to banks dropped by Eur1.8 million, thus reducing faster
than cash and cash equivalents. As of the balance sheet date they had
gone down by Eur0.8 million to Eur5.3 million.
In the period under review, further non-cash-effective depreciations
were carried out. For reasons of commercial prudence, the Board has
decided to fully write off the goodwill of LINTEC subsidiaries
Batavia and rfi, even though both companies are still operating. This
and the depreciation of development costs of nearly Eur1 million
capitalised in 2000 reduces the operating result by Eur2.6 million.
The operating result (EBIT) after three quarters amounts to -Eur13.9
million (-Eur2.7 million).
Moreover, owing to the changes in the tax legislation expected by the
Board for the year 2003, LINTEC has prudently reversed capitalised
deferred taxes as of the balance sheet date amounting to Eur3.0
million. All depreciations mentioned dragged the IAS result of the
group down more than had been expected. As a result, the existing
2002 LINTEC planning for EBIT and IAS result cannot be reached.
However, adjusted for the effects mentioned, the Board confirms the
published planning and continues to expect to break even in both the
operating and the group result in 2003.
The detailed report on the quarter will be available for download at
http://www.lintec.de from 25 November 2002. Its printed version can
be obtained from our company.
Please contact: LINTEC Information Technologies AG, IR/PR Dept.,
Tel. ++49 (0) 34298 71607, Fax 71372, e-mail:  aktie@lintec.de, web:
www.lintec.de
end of announcement        euro adhoc 21.11.2002

Further inquiry note:

Herr Ralf Naumann

Branche: Computing & Information Technology
ISIN: DE0006486004
WKN: 648600
Index: Nemax All Share
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Frankfurter Wertpapierbörse / Neuer Markt

Plus de actualités: Lintec Computer AG
Plus de actualités: Lintec Computer AG