euro adhoc: PANDATEL AG
Quarterly or Semiannual Financial Statements
Pandatel: Sales pick up in Q3 - Squeeze on margins dents profits (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Hamburg, November 12, 2003.  In the first nine months of 2003, Pandatel booked sales of EUR 14.4m, down from EUR 22.7m in the year-before period. Given ongoing pressure on margins for network equipment, the cumulative loss rose to EUR 3.6m, from a profit of EUR 0.5m one year earlier. That said, in the third quarter sales increased significantly, topping EUR 5.5m, compared with EUR 3.8m in Q1 and EUR 5.1m in Q2, meaning that the new sales structure has thus started to bear fruit. Order receipts likewise give cause for confidence: In the past quarter they rose on Q2 by 97 percent to EUR 6.3m. The sales revenues from these orders will partly be generated in the coming year. The Management Board thus anticipates that the current year will close with total sales at EUR 21m.

Share price doubles since January In the period under review, the Pandatel equity surged almost 70 percent (Xetra closing price on Sept. 30: EUR 5.20). The preliminary high for the year was scored on Nov. 4, 2003 - when the price hit EUR 6.70. Institutional investors have shown great interest in the Company in recent weeks; trading volume in the equity has risen steadily and reached a daily average of 55,000 units.

Development drive at year end Alongside sales and the share's performance, our development rate is moving in the right direction. Over the next four months Pandatel will be rolling out a good dozen new products - the largest development drive in three years. To this end, the R&D section was substantially enlarged: In Israel we founded a company dedicated to this purpose, and the team at the Hamburg head office was appreciably expanded. The goal: to slash development lead-times, pool expertise and regain the technological edge for our core products.

Simply visit to download the full report on the first nine months.

end of announcement            euro adhoc 12.11.2003

Further inquiry note: Dietlinde Bamberger Investor Relations

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime All Share, Prime Standard
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

Weitere Meldungen: PANDATEL AG i.A.

Das könnte Sie auch interessieren: