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DGAP-Ad hoc: ARTICON-INTEGRALIS AG english = - 500 Beiträge pro Seite

ISIN: DE0005155030 | WKN: 515503
Lang & Schwarz
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Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

Results for the 1st half year and the 2nd quarter show solid growth over 2000 Ismaning (Germany) and Reading (UK), August 14, 2001 - Articon-Integralis AG (Neuer Markt: AAGN), European market leader in IT security solutions, today announces its results for Q2 and Hl 2001. In Q2 2001, the Company achieved revenues of EUR53.5m - an increase of 62% over Q2 2000 (at EUR33.0m). Total group revenue for the first half of 2001 was EUR109.lm - an increase of 85% on the EUR58.9m reported in H1 2000. Higher margin services continued quarter-on- quarter growth, and at EUR16.7m they provided their highest ever proportion of Group revenue. One of Articon-Integralis` stated aims is to increase the proportion of revenue coming from services and in Q2 achieved more than 31% of total revenue at EUR16.7m, up from 26% in Q2 2000. Managed Security Services and Technical Support revenues continued their unbroken quarterly growth records such that almost 70% of services revenues were of a recurring nature in the quarter. Gross profit for Q2 was EUR20.8m, or 39.0% of revenues. This compares with EUR14.3m and 43.4% of revenues for Q2 2000. Notwithstanding the competitive pressures experienced in the market, gross margins proved to be robust, falling by only 0.2% quarter-on-quarter, this caused by the further strengthening of the US dollar against the euro and sterling.

At 30 June, the Group had 741 employees compared with 669 at the end of Ql (Q2 2000: 460). As indicated in early July, the Group plans to reduce employee numbers by 5% by the end of the year to bring the cost base in line with revenues. Accordingly an exceptional charge of EURl.2m has been made in Q2 to reflect the cost of certain initiatives. The Group`s EBITDA before exceptional charges in H1 2001 of EUR2.9m can be split between the core activities of Allasso and Integralis, and development activities, principally Activis. The core activities of the Group generated an EBITDA in H1 2001 of EUR6.4m (after deducting all central costs, whilst the net investment in development activities was -EUR3.5m. This demonstrates that even in tough market conditions, the core businesses of the Group are inherently profitable. The net loss for the half year was -EUR2.2m, lower than the -EUR6.1 m net loss in the first half of 2000. The net loss for Q2 2001 was -EUR2.4m, compared to a net loss of -EUR1.7m in Q2 2000. Earnings per share (eps) under IAS for Q2 2001 were -EUR0.24, as compared to -EUR0.18 for Q2 2000. At 30 June, Shareholders` equity stood at EUR78.6m, demonstrating a continuing strong balance sheet position. Deferred revenues, which will be recognised over the next 12 months, were EUR30.7m (30 June 2000: EUR17.5m) and the order backlog was EUR11.7m (30 June 2000: EUR11.1m).

end of ad hoc announcement (c) DGAP 14.08.2001

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

The Group`s cash position as of June 30, 2001, was EUR21.1m, a reduction of EUR10.9m during the quarter. The cash outflow was not a result of operating losses but rather acquisitions, capital expenditure, prior year tax payments and working capital movements. EUR3.1m was paid in respect of the Abax acquisition, EUR3.0m in purchasing fixed assets and EUR1.2m in respect of taxes. The cash outflow arising from working capital was EUR4.lm, relating to increased stock at the end of the period and taking advantage of payment terms from suppliers. The Group has initialed measures to optimize cash management by centralising controls and upgrading debtor management where necessary. This has had an immediate positive impact on the cash position, which has been a minimum of EUR25m since the end of July. The Group is committed to achieving positive cash-flow from Q4 2001 and beyond and believes that it has established key prerequisites for long term growth, even during worsening economic conditions while reiterating its guidance that revenues for the full year 2001 are anticipated to be within EUR215m - EUR230m.

Contact: Mark Silver, CFO, Articon-Integralis, Tel. +44 (0) 118 923 5239, mark.silver@articon-integralis.com Anja Trugge, Investor Relations, Tel. +49 (0) 89-945 73 353, anja.trugge@articon-integralis.de -------------------------------------------------------------------------------- WKN: 515 503; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart

140735 Aug 01

Autor: DGAP import (),07:40 14.08.2001

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