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DGAP-Ad hoc: Blue C New Econ. & Incub. english = - 500 Beiträge pro Seite



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Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

BLUE C: Results for first quarter of 2001 as forecast

Vienna - 31.05.2001 The audited results for the first quarter of 2001 as published today by the e- business provider BLUE C AG are as expected. Revenues for the first quarter of 2001 total 1.2 million euros, an increase of 54.6% or approx. 726,000 euros as against 2000. The earnings before interest, taxes and minority shareholdings (EBIT) amounts to -8.1 million euros for the first three months compared with -2.0 million euros for the same period last year. Group losses (after minority shares) total 8.0 million euros compared with 2.2 million euros the previous year. At 31 March 2001 the company`s liquid assets amounted to around 11.4 million euros (31.12.2000; 20.5 million euros). The one-off restructuring costs of approximately 3.3 million euros were already included as part of the liquid assets at the end of the first quarter. Liquidity cover is ensured as a result of the substantially lowered operational costs made in the course of the restructuring programme. The huge slash in gross margin from 44.5% to -8.5% is a result in particular of the severe price competition in the German, Spanish and UK markets. The pilot projects conducted in this market climate were necessary in order to secure orders from key clients and thus generate operational business in coming quarters.

Market growth for e-business providers will fall short of expectations in the second quarter of 2001, particularly in Germany and Spain. According to details supplied by the management, companies` tendency to invest in these markets is on the decline and the time periods for project acquisitions have increased further. The results for the second quarter of 2001 will be published on 30 August 2001.

end of ad hoc announcement (c) DGAP 01.06.2001

Issuer`s information/explanatory remarks concerning this ad hoc announcement:

The carefully designed restructuring measures throughout the entire BLUE C group will be clearly reflected in the results for the second quarter of 2001. The restructuring programme has already in the first quarter of 2001 resulted in a reduction in operating expenditure of some 1.7 million euros to approximately 3.8 million euros in comparison with the financial plan drawn up prior to flotation in August 2000. In accordance with management forecasts, operating expenditure will be lowered by a further 12 million euros by the end of the financial year 2001.

Selected Key Figures (in accordance with US GAAP - in euros, unaudited)

January-March 2001 January-March 2000 Revenues from e-business services 1,229,783 726,142 Costs of revenues from e-business services (1,334,381) (402,974) Gross Profit (104,598) 323,168 Gross margin as a percentage -8.5% 44.5% Research and development expenses (254,062) (576,157) Sales and Marketing expenses (942,637) (459,905) General & Administrative expenses (3,405,244) (1,245,044) EBIT - earnings before interest, taxes and minority shareholdings (8,060,974) (1,957,938) Group losses (after minority shareholdings)(8,010,983)* (2,243,281) Number of employees (at end of period) 167 105 Liquid assets 11,365,037* 20,546,037** Net loss per share (in euros) (0.64) (0.18)

*) including one-off restructuring costs to the sum of around 3.3 million euros **) as at 31.12.2000

About BLUEC BLUE C Consulting AG, Vienna, is a consulting and services company which develops and implements communication, marketing and transaction solutions for clients of the established economy. The company has been listed on the Frankfurt Neuer Markt since 24 August 2000 - WKN 940 118

Contact: BLUE C New Economy Consulting & Incubation AG Dr. Karl Strasser Barbara Grüll CEO Investor Relations Tel: 0043 1 522 32 90-206 Tel: 0043 1 522 32 90-206 Fax: 0043 1 522 32 90-281 Fax: 0043 1 522 32 90-281 Email: ir@blue-c.com Email: ir@blue-c.com -------------------------------------------------------------------------------- WKN: 940118; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

010841 Jun 01






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