euro adhoc: PANDATEL AG
Financial Figures/Balance Sheet
Pandatel announces annual figures for fiscal year 2006

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annual report


Hanover, PANDATEL  AG  (ISIN  DE0006916307),  listed  on  the   Frankfurt  Stock Exchange (General Standard). In fiscal year 2006, PANDATEL generated  sales  of Euro 9.1m compared to Euro 12.8m in fiscal year 2005. Sales are  in  line  with forecasts made in mid 2006. EBT increased from Euro minus 15.1m  2005  to  Euro minus 6.3m 2006. Cash position  amounted  to  Euro 2.3m  at  31  December  2006 (Euro 5.1m at 31 December 2005). In addition, short  term   investments  totaled Euro 2.9m (Euro 2.9m at 31 December 2005). The decrease in cash  is  especially attributable to executing the social plan  (Euro 2.0m)  and  the  cash  outflow associated with exiting the  former  rental  agreement  for  Hamburg  locations (Euro 0.8m). No significant operational cash flow  before  these  extraordinary items exists and PANDATEL expects sales of Euro 7.1m in 2007.

Dowslake Venture Ltd. and the management, now serving the company for one year, concentrated mainly on preserving financial resources  and minimizing  losses. Mainly, the measures included  the  company's   production  transfer  to  China, adapting the number of employees to the expected  sales  and  streamlining  the product portfolio.

The company will present additional figures in its annual  report   2006  to  be published shortly.

About PANDATEL AG: PANDATEL is a German corporation based in Hanover. PANDATEL was formed in  1987 as Pan Dacom Telekommunikation GmbH. It went public at Frankfurt stock exchange in November 1999. Majority shareholder is Dowslake Venture Ltd. with Dr. Dan D. Yang as CEO. In March 2006, Dr. Yang became also CEO of PANDATEL  AG.  PANDATEL is specialized in Ethernet technologies. For further information  please visit

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ots Originaltext: PANDATEL AG
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Further inquiry note:
insignis GmbH, Agency for Communication
Raik Packeiser
Berliner Allee 9 - 11
30175 Hanover, Germany
Phone: .+49 511 33 65 15 31
Fax +49 511 33 65 15 33

Branche: Telecommunications Equipment
ISIN:      DE0006916307
WKN:        691630
Index:    Prime All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / 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: PANDATEL AG i.A.

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