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Abonner PANDATEL AG i.A.

PANDATEL AG i.A.

euro adhoc: PANDATEL AG
Quarterly or Semiannual Financial Statements
Pandatel: Sales pick up in Q3 - Squeeze on margins dents profits (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Hamburg, November 12, 2003.  In the first nine months of 2003,
Pandatel booked sales of EUR 14.4m, down from EUR 22.7m in the
year-before period. Given ongoing pressure on margins for network
equipment, the cumulative loss rose to EUR 3.6m, from a profit of EUR
0.5m one year earlier. That said, in the third quarter sales
increased significantly, topping EUR 5.5m, compared with EUR 3.8m in
Q1 and EUR 5.1m in Q2, meaning that the new sales structure has thus
started to bear fruit. Order receipts likewise give cause for
confidence: In the past quarter they rose on Q2 by 97 percent to EUR
6.3m. The sales revenues from these orders will partly be generated
in the coming year. The Management Board thus anticipates that the
current year will close with total sales at EUR 21m.
Share price doubles since January
In the period under review, the Pandatel equity surged almost 70
percent (Xetra closing price on Sept. 30: EUR 5.20). The preliminary
high for the year was scored on Nov. 4, 2003 - when the price hit EUR
6.70. Institutional investors have shown great interest in the
Company in recent weeks; trading volume in the equity has risen
steadily and reached a daily average of 55,000 units.
Development drive at year end
Alongside sales and the share's performance, our development rate is
moving in the right direction. Over the next four months Pandatel
will be rolling out a good dozen new products - the largest
development drive in three years. To this end, the R&D section was
substantially enlarged: In Israel we founded a company dedicated to
this purpose, and the team at the Hamburg head office was appreciably
expanded. The goal: to slash development lead-times, pool expertise
and regain the technological edge for our core products.
Simply visit www.pandatel.com to download the full report on the
first nine months.
end of announcement        euro adhoc 12.11.2003

Further inquiry note:

Dietlinde Bamberger
Investor Relations
ir@pandatel.com

Branche: Telecommunications Equipment
ISIN: DE0006916307
WKN: 691630
Index: Prime All Share, Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Plus de actualités: PANDATEL AG i.A.
Plus de actualités: PANDATEL AG i.A.