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PANDATEL AG i.A.

euro adhoc: PANDATEL AG
Earnings Forecast
Pandatel: business development marked by strategic reorientation in H1 2004 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Pandatel AG, Hamburg, has continued to focus on improving Sales and
Development in H1 2004. Moreover, the acquisition of Lightmaze
Solutions AG strongly enhances Pandatel’s optical networking product
portfolio.
On preliminary consideration, business development will be below last
year’s H1 level in H1 2004 in spite of the measures introduced. Yet
it was not possible to reduce the loss incurred in the first quarter
of 2004. Accordingly, at the moment the original sales and profit
planning can no longer be maintained for FY 2004. The enterprise now
expects revenue figures similar to FY 2003. Losses are expected to
reduce by EUR 1m compared to previous year’s results.
Therefore, it became necessary to adjust the sales and profit
planning, mainly attributable to the poor market development in Asia
and America. The devices developed under this year’s product roll-out
will be available from September 2004 as scheduled earlier. Thus,
business will gain momentum in Q4 2004. Moreover, the acquisition of
Lightmaze Solutions AG and the product marketing involved will yield
first results in the same period.
Pandatel’s H1 Report will contain further information on the business
development over the first six months on August 11, 2004.
Pandatel AG:
Headquartered in Hamburg, Germany, Pandatel is a specialist provider
of professional access and transmission technology for fiber-optic
and copper data transmission. With a payroll of some 180, its own
representative offices in France and Great Britain as well as
subsidiaries in the United States, Israel and Singapore, and a range
of sales partners world-wide, the publicly listed company supports
corporate clients in 90 countries.
end of announcement        euro adhoc 09.08.2004

Further inquiry note:

Christina Kunze
Tel.: +49 (0)40 644 14 187
E-Mail: cku@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

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