Tous Actualités
Suivre
Abonner PrimaCom AG

PrimaCom AG

euro adhoc: PrimaCom AG
Quarterly or Semiannual Financial Statements
PRIMACOM REPORTS IMPROVED REVENUES AND OPERATING RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2004

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Mainz, November 19, 2004: PrimaCom reports further improved
consolidated revenues and operating results for the third quarter and
first nine months of 2004.
Third quarter 2004 revenues reached Euro 53.5 million, an 8.0 percent
increase over the third quarter 2003.
The company increased its operating profit to Euro 6.3 million in the
third quarter of 2004 compared with Euro 5.9 million in the third
quarter of 2003.
EBITDA for the third quarter of 2004 decreased to Euro 26.5 million,
a 9.3 percent decrease over the third quarter 2003 EBITDA.
In the third quarter of 2003 operating profit was negatively impacted
by special depreciation charges and positively impacted by certain
reserve releases booked in the quarter. 
After adjusting for these onetime effects in 2003, operating profit
and EBITDA in the third quarter of 2004 was significantly lower
primarily due to the high level of professional fees related to the
Company’s ongoing efforts on financial restructuring.
Net loss for the third quarter of 2004 was Euro 27.5 million compared
with a net loss of Euro 22.0 million for the third quarter of 2003.
Revenues increased 7.0 per cent to Euro 156.7 million for the first
nine months of 2004 compared with Euro 146.5 million in the first
nine months of 2003.
The operating profit for the first nine months of 2004 significantly
improved to Euro 17.9 million from Euro 13.0 million for the first
nine months of 2003.
EBITDA for the first nine months of 2004 increased to Euro 79.7
million, a 3.2 percent increase over the first nine months of 2003.
Net loss for the first nine months of 2004 increased to Euro 79.5
million, Euro 11.1 million higher than from the first nine months
2003.
Revenue generating units increased by 38,939 or 2.8 per cent from
1,383,231 at September 30, 2003 to 1,422,170 at September 30, 2004.
The primary factor responsible for the growth was the 58.8 per cent
or 43,615 increase in high-speed internet subscribers.
PrimaCom continues to focus on revenue improvements, cost reduction
management and profitability improvements and actively pursues all
opportunities to reorganise its debt and equity structure.
end of announcement                    euro adhoc 19.11.2004 14:36:44 

Further inquiry note:

PrimaCom AG
Investor Relations
T.: +49(0)6131 944 522
E-Mail: investor@primacom.de

Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Index: General Standard, CDAX, 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
Bremer Wertpapierbörse (BWB) / free trade

Plus de actualités: PrimaCom AG
Plus de actualités: PrimaCom AG