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DGAP-Ad hoc: arxes Information Design english = - 500 Beiträge pro Seite

ISIN: DE0005098008 | WKN: 509800 | Symbol: ARX
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Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

Revenues rise by 90% to EUR 271 mil./ Services triple to EUR 80 mil. / EBITA drops from EUR 0.6 mil. to EUR -5.8 mil. / Cost structure adjusted to weakened IT-market / Board reduced to three members / Planning for FY 2001/02 confirmed.

As a consequence of the continuing weak trade business, arxes Information Design AG failed to meet the revised planning for fiscal 2000/01 (Jun-30). arxes has already adapted to the current market situation, which will probably continue until the end of 2001. Monthly cost cuts totalling EUR 1 mil. are designed to enable a positive operating result in the first half of fiscal 2001/02. Consequently, the planning for 2001/02 is confirmed: EUR 305 mil. revenues, EUR 100 mil. services and EUR 8,3 mil. EBITA. The prerequisite for achieving these goals is, that the market environment stabilises on this low level and does not deteriorate any further. A market recovery is expected for 2002. Revenues rose in 2000/01 by 90% to EUR 271 mil. (previous year 143 mil.; initial planning 302 mil.; revised planning 280 mil.) and the service share increased to 29.6% (19.5; 29.0; 28.6). According to preliminary figures, EBITA dropped to EUR -5.8 mil. (0.6; 11.1; 0.6) including nonrecurring expenses of EUR 6.1 mil. The service business could uncouple from the weak market development. Q4 revenues of EUR 22 mil. (33.6% of total revenues) again excelled planned figures. Two of the companies that were acquired against shares in 1999/00, arxes Engineering Solutions GmbH and ISL EDV-Beratungsgesellschaft mbH, had a negative EBITA of EUR 1.2 mil. in 2000/01. arxes therefore takes advantage of the possibility to amortize extraordinary goodwill of EUR 33 mil. The goodwill had been acquired based on a share price of 48.50 resp. 45.00 Euro. This measure has no effect on liquidity; however, it relieves the P&L annually by EUR 3.3 mil. from 2001/02 onwards. At the same time, ISL merged with arxes on July, 1 which results in further savings of EUR 0.8 mil. p.a. Further acquisitions (arxes NCC and ACT) achieved an EBITA of EUR +6.4 mil. in 2000/01. The managing board also contributes to the concentration of forces. The Solutions function is disbanded and will be managed directly within arxes Engineering Solutions GmbH. Franco Vit therefore resigned from the Board on July, 31 and took over management of this subsidiary.

end of ad hoc announcement (c) DGAP 03.08.2001 -------------------------------------------------------------------------------- WKN: 509 800; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart

030845 Aug 01

Autor: DGAP import (),09:26 03.08.2001

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