Tous Actualités
Suivre
Abonner PrimaCom AG

PrimaCom AG

euro adhoc: PrimaCom AG
Annual Reports
PrimaCom improved revenue, operating and bottom line results in the first half of 2002. (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Mainz, August 29, 2002 (Neuer Markt, Frankfurt, "PRC" / ID No. 625
910; Nasdaq, OTC BB: PCAGY). PrimaCom improved revenue, operating and
bottom line results in the first half of 2002.
Total revenue increased by 13.6 percent to Euro 89.2 million in the
first half of 2002 versus the first half of 2001. During the same
period operating loss decreased by 88.3 percent to Euro 2.4 million
and net loss by 4.5 percent to Euro 51.0 million. EBITDA and adjusted
EBITDA were both up for the first six months by 11.4 percent to Euro
37.0 million and by 7.9 percent to Euro 37.9 million respectively.
The company successfully finalized its re-capitalization in the
second quarter with a near unanimous vote by its shareholders. At
June 30, 2002 aggregated consolidated indebtedness was Euro 898
million, which primarily breaks down into Euro 498 million of senior
bank debt, Euro 385 million convertible second secured debt. With
free cash flow improving considerably, the stabilization of the
capital structure will allow a stronger focus on operations. It now
appears PrimaCom will reach the higher end of its anticipated EBITDA
for the full year.
PrimaCom will report more details of its first half 2002 results in a
comprehensive press release later today. Further information can be
obtained at www.primacom.de.
end of announcement        euro adhoc 29.08.2002

Contact:

Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Frankfurter Wertpapierbörse / Neuer Markt

Plus de actualités: PrimaCom AG
Plus de actualités: PrimaCom AG
  • 27.03.2002 – 09:10

    euro adhoc: PrimaCom AG / Annual Reports / Primacom reports 2001 results and debt financing (E)

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. MAINZ, GERMANY, March 27, 2002 - PrimaCom AG (Neuer Markt Frankfurt, "PRC"/ID No. 625910; Nasdaq: PCAG) today reported its results of PrimaCom and Subsidiaries for the year ended December 31, 2001. For the 2001 twelve-month period, revenues increased ...