PrimaCom AG

euro adhoc: PrimaCom AG
Quarterly or Semiannual Financial Statements
PRIMACOM REPORTS IMPROVED REVENUES AND RESULTS FOR Q3 and NINE MONTH 2002 - POSITIVE OPERATING RESULT FOR THE FIRST TIME PRIMACOM REPORTS IMPROVED REVENUES AND RESULTS FOR Q3 and NI

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PrimaCom reports further improved group revenues and results for the third quarter and first nine months of 2002. Third quarter revenues reached Euro 46.0 million a 10.1 percent increase over the third quarter 2001. In the third quarter of 2002, PrimaCom achieved a positive operating result of Euro 1.4 million for the first time. This represents a 200 percent increase over the Euro 1.4 million operating loss for the second quarter 2002 and a 114 percent increase over Euro 10.3 million operating loss for the third quarter 2001. EBITDA for the third quarter of 2002 increased to Euro 21.7 million, a 23.3 percent increase over the third quarter 2001. Adjusted EBITDA for the third quarter of 2002 increased to Euro 22.4 million, a 20.7 percent increase over the third quarter of 2001. The net loss of the third quarter of 2002 was reduced to 21.6 million, a 22.4 percent decrease from the third quarter of 2001 net loss. Revenues for the first nine months of 2002 reached Euro 135.2 million, a 12.3 percent increase over the same period in 2001. The operating profit in the first nine months of 2002 notably improved to 1.0 million, which is 96.8 percent better than the Euro 31.1 million operating loss for the first nine months of 2001. EBITDA for the first nine months of 2002 increased to Euro 58.7 million, a 15.6 percent increase over the first nine months of 2001. Adjusted EBITDA for the third quarter of 2002 increased to Euro 62.2 million, a 15.9 percent increase over the adjusted EBITDA for the same period 2001. The net loss for the first nine months of 2002 reduced to 72.7 million, a 10.6 percent decrease from the net loss for the same period in 2001. PrimaCom continues to focus on revenue improvements and cost reduction management. The company’s high-speed Internet sector enjoys double digit growth and is expected to increasingly contribute to consolidated revenues. With the improved results achieved during the first nine months of 2002 and having reached a positive operating profit in the third quarter for the first time, PrimaCom remains confident that it will reach the higher end of its anticipated EBITDA-range for the year ended December 31, 2002.

There will be a full length press release on the third quarter and nine month results of 2002 later today.

end of announcement            euro adhoc 26.11.2002
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Further inquiry note: Alexander Hoffmann Investor Relations Tel. 06131 - 9310 150 e-mail: investor@primacom.de PrimaCom AG, Hegelstrasse 61, 55122 Mainz www.primacom.de

Branche: Telecommunications Equipment
ISIN:      DE0006259104
WKN:        625910
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Hamburger Wertpapierbörse / free trade
              Niedersächsische Börse zu Hannover / free trade
              Frankfurter Wertpapierbörse / Neuer Markt



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