Lintec Computer AG

euro adhoc: Lintec Information Technologies AG
Quarterly or Semiannual Financial Statements
LINTEC’s interim report for the first six months of 2004 published: Clear return to positive equity following MVC sale and debt relief • EUR1.8m operating lo

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Taucha, 13 August 2004: LINTEC Information Technologies AG (Securities Code Number 648 600, ISIN DE0006486004) ran up an operating loss in the second quarter of 2004 due to orders seasonally declining. Moreover, the effects of the new strategy, especially in connection with contract manufacture (as announced in the report on Q1 2004) will only show up in the figures for the second six months of the year. However, following the sale of MVC AG publicised in a previous ad hoc announcement and the accompanying extensive debt relief for LINTEC and subsidiary rfi mobile technologies AG, group equity is now clearly positive at EUR5.2 million (following negative equity of EUR7.5 million at the end of Q1 2004). Moreover, the group’s capital ratio has reached 23%.

The figures from Q2 2003 (turnover EUR58 million, EBIT EUR2.9 million) are not fully comparable since the assets sold in Q4 2003 (the shareholding in Intenso GmbH and rfi’s Anycom division) still accounted for a considerable share of turnover and earnings. Moreover, the disposal of Lintec’s venture capital arm MVC Mitteldeutsche Venture Capital AG also needs to be borne in mind when comparing with last year’s figures.  The debt-relief effects for LINTEC and rfi and the results of MVC’s deconsolidation affect different items of the goup’s income statement and balance sheet.

Key income statement figures        1 Jan to         1 Jan to        Change
(EUR’000)                                 30 Jun 2004    30 Jun 2003
Turnover                                          8,450            58,004        (85.4%)
EBITDA                                            (2,647)            4,114      (164.3%)
EBIT                                                (3,182)            2,901      (209.7%)
Pre-tax profits (EBT)                    11,176              2,702        313.6%
Group income/loss for the period  10,991                (569)  2,031.6%
Earnings per share                        EUR1.31         (EUR0.07)

Given the elimination of the interest burden brought about by debt relief, and by focusing on products and services that pose less of a strain on liquidity, LINTEC’s Management Board anticipates that the company’s economic recovery will continue throughout the rest of the year.

The strategic realignment of operating business based on the three business units Production & Logistics, IT Business Solutions and New Brands has borne its first fruit. After signing a contract with a company in Q1 2004, since Q2 desktop-PCs, servers and notebooks have been produced for a major European B brand. Agreements with other companies are currently being negotiated.

The full report on Q2 2004 can be downloaded from our website ( or requested from the company.

end of announcement            euro adhoc 13.08.2004

Further inquiry note: LINTEC Information Technologies AG, Dept MarCom • Tel: +49 (0) 34298 71607 • Fax: +49 (0) 34298 71372 • Email: • Web:

Branche: Computing & Information Technology
ISIN:      DE0006486004
WKN:        648600
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
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade

Weitere Meldungen: Lintec Computer AG

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