euro adhoc: PANDATEL AG
Annual Reports
Ad hoc disclosure pursuant to Art. 15 WpHG Pandatel AG: Results of fiscal year 2004

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Hamburg, March 02, 2005. Pandatel AG (ISIN DE0006916307) announces its preliminary results for the fiscal year that ended December 31, 2004. The company posted sales of nearly EUR 15m (2003: EUR 20.1m) in 2004, thereby slightly exceeding its forecast of EUR 14.5m (ad hoc disclosure dated October 07, 2004). Net loss for the year 2004 is approximately EUR -14.5m (2003: EUR -5.7m). Among other factors, the high loss is caused by one-time charges due to restructuring measures introduced late last year.

As announced previously in the ad hoc disclosure of October 10, 2004, the main reason for the negative business development is the rollout of new products that took longer than anticipated. The new systems Yumix 4000 and MACS4000 are expected to contribute positively to the sales and earnings for FY05 after the testing phase is completed successfully for these new products.

As a consequence of the company’s business development, Pandatel introduced reorganization measures in Q4/2004 to cut costs in 2005 in a decisive manner. By streamlining its product line and new orientation of the company, Pandatel expects to achieve sustainable improvement of results for FY 2005.

The complete Annual Report will be available on its website ( on March 21, 2005.

Pandatel AG: Headquartered in Hamburg, Germany, Pandatel is a specialist provider of professional access and transmission technology for fiber-optic and copper data transmission. The employees at the headquarters, its own representative offices as well as at the subsidiaries and a range of sales partners worldwide, the publicly listed company supports corporate clients in 90 countries.

end of announcement                                euro adhoc 02.03.2005 18:12:54

Further inquiry note: Christina Kunze Tel.: +49 (0)40 644 14 187 E-Mail:

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime Standard, Prime 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
              Bremer Wertpapierbörse (BWB) / free trade

Weitere Meldungen: PANDATEL AG i.A.

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