Lintec Computer AG

euro adhoc: Lintec Information Technologies AG
Quarterly or Semiannual Financial Statements
Ad hoc announcement by LINTEC Information Technologies AG (Securities Code Number 648 600/A0E KK6, ISIN DE0006486004/DE000A0EKK61) in accordance with Section

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With turnover totalling EUR2.9 million in the first quarter of 2005
(compared to EUR5.5 million in Q1 2004), LINTEC AGEURs earnings
before interest, taxes, depreciation and amortisation amounted to a
loss of EUR102,000 (improving on Q1 2004´s loss of EUR894,000). The
group loss for the period was significantly reduced to EUR322,000 (Q1
2004: EUR1.651 million).
LINTEC´s main obstacle remains the financing of large orders, which
is one of the reasons for the drop in turnover compared to Q1 2004.
On the one hand, turnover declined during the first two months of the
year in response to seasonal and market factors; on the other, LINTEC
was unable to fully keep up with the rising orders in March, its
operating business being somewhat hamstrung by the shortage of
Consequently, the outcome of the "chip deal" negotiations recently
reported must be viewed as a key success, since it paves the way for
LINTEC to acquire the financing so urgently needed to develop its
operating business. LINTEC´s management is therefore optimistic that
the restructured divisions PCs & Entertainment Electronics as well as
Production & Logistics can be further developed in 2005 as planned.
Key income statement            1 Jan to      1 Jan to    Change
figures (EUREUR000)            31 Mar 2005 31 Mar 2004
Turnover                                    2,911          5,517    (47.2%)
EBITDA                                        (102)          (894)    (88.6%)
EBIT                                          (271)        (1,168)    (76.8%)
Pre-tax profits (EBT)                (333)        (1,685)    (80.2%)
Group loss for the period         (322)        (1,651)    (80.5%)
Earnings per share              (EUR0.04)    (EUR0.20)        
When comparing the quarterly figures, the following factors need to
be taken into account. During Q1 2004, the figures still included
both MVC Mitteldeutsche Venture Capital AG (sold in June 2004) and
rfi mobile technologies AG (sold in February 2005). The sale of rfi
(whose purchase price the parties involved have agreed not to
disclose) resulted in consolidation returns in the period under
Furthermore, a change in the method of accounting and assessment used
stemming from the application for the first time of IFRS 2
(Share-based payments) must be borne in mind. Under this rule,
share-based payments may only be rated at their fair value. LINTEC
Information Technologies AG offers its management and employees share
options, which have been reported in the balance sheet accordingly in
line with IFRS 2. The expenditure carried (for previous periods and
the current quarter) is EUR102,000.
The complete interim report on Q1 2005 can be downloaded from the
company´s website as of 13 May 2005 (the date of
LINTEC´s AGM in Leipzig), and can also be requested from the company

end of announcement                                euro adhoc 12.05.2005 08:03:01

Further inquiry note: LINTEC AG, Investor Relations EUR Tel: +49 (0) 34298 71607 EUR Fax: +49 (0) 34298 71372 EUR Email: EUR Web:

Branche: Computing & Information Technology
ISIN:      DE0006486004
WKN:        648600
Index:    Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade

Weitere Meldungen: Lintec Computer AG

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