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d+s europe AG

euro adhoc: D+S europe AG
Mergers - Acquisitions - Takeovers
Ad hoc report pursuant to § 15 WpHG D+S europe AG: Takeover of cca24 in Southern Germany– Positive EBIT for First Time in Third Quarter

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
HAMBURG/AUGSBURG/HOF, Nov. 1, 2004. D+S europe AG (ISIN DE0005336804
and DE000A0A8FU4) took over cca24 - dialog center gmbh (Augsburg,
Hof), one of its top 20 competitors, retroactively as of October 1,
2004. With over 600 employees, cca24 ranks among those companies in
the call center industry exhibiting the strongest growth. With this
takeover, D+S europe has moved up to fifth place in its chosen
industry in Germany.
cca24 plans to achieve revenues of over EUR 10.5 million (2003: EUR
6.0 million) for 2004 and is expecting further two-digit growth in
2005. Following recent contracts in the areas of industry, finance
and the media, cca24 is now making preparations to create new jobs at
its Hof location, which is subsidized by the State of Bavaria.
cca24’s activities will complement the D+S portfolio. For example,
cca24 sees itself as a leading German provider of customer care
services in the TV/entertainment area and also has a strong position
in the automotive and utility areas. This acquisition will give D+S
Europe AG a presence in eight of the country´s states, which will
make the company the number one in its industry in terms of the
number of the country´s states in which it is present. This location
in the southern part of the country will give D+S access to new
groups of customers that find it important to work with local
providers. At the same time, Bavaria offers ideal prerequisites as a
bridgehead for expansion abroad.
With an EBIT factor of under 5, the purchase price, which consisted
of approximately 50% in stock, is strongly linked with the future
performance of cca24. In the years 2005 and 2006, cca24 plans to
achieve operating EBIT in the amount of EUR 1 million and EUR 1.25
million respectively. With respect to the 775,000 new shares created
for the purchase from authorized capital, this represents earnings in
the amount of over 75 cents per new share (EPS). After adjustment to
the total number of 13,990,476 D+S shares, this represents expected
earnings per share (EPS) of over 4 cents from cca24’s results.
Previously cca24’s sole shareholder, Markus Frengel, will continue to
manage the company. At the group level, Frengel will also assume
responsibility for marketing and continue to build up D+S europe’s
AG’s market position in southern Germany.
Despite charges in connection with preparations for acquisitions and
acquisitions carried out recently, D+S Europe AG posted positive EBIT
for the third quarter of 2004, which made this the first profitable
quarter since the company’s stock market debut in May 2000. With
revenues of over EUR 16.5 million, fourth-quarter 2004 will be the
best quarter in the company’s history.
end of announcement                    euro adhoc 01.11.2004 17:16:41 

Further inquiry note:

D+S europe AG, Investor Relations, Henning Soltau,
Tel.: +49 (0) 40/4114-3542

Branche: Media
ISIN: DE0005336804
WKN: 533680
Index: Prime Standard, CDAX, Classic All Share, 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

Plus de actualités: d+s europe AG
Plus de actualités: d+s europe AG