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DGAP-Ad hoc: Microlog Logistics AG 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. --------------------------------------------------------------------------------

Microlog registers strong revenue and earnings growth in second quarter

* 1H/2001 with strong growth and increased profitability. Successful integration of acquired subsidiaries, and additional increases in incoming orders.

* Consolidated sales 1H/2001; EUR 83.2m (previous year EUR 17.6m; organic +116%); 2Q/2001: EUR 50.5m (EUR 8.8m; organic +130%).

* Consolidated EBITA 1H/2001: EUR 5.8m (previous year EUR 0.5m); 2Q/2001: EUR 3.5m (EUR 0.5m).

* EPS 1H/2001: EUR -0.10 (EUR 0.07). EPS before goodwill amortisation: EUR 0.46 (EUR 0.07).

Lorsch, 22 August 2001. - Microlog Logistics AG, one of the leading service providers for high-end contract logistics, has posted results that are fully in line with its targets, thus underlining the success of its continued strategy of expansion. Based on its uninterrupted organic growth and the first- time inclusion of recently consolidated LOCTON in a full quarter, the company has been able to reach new dimensions in terms of sales.

Earnings before interest, taxes and goodwill amortisation (EBITA) developed in accordance with the company`s estimates. Microlog was once again able to meet its year end margin target of 6.9% in the second quarter and thus in 1H/2001 despite the integration of the new subsidiary. In 2Q/2001, the company generated cash from operations in the amount of EUR 4.8 m (1Q/2001: EUR 2.3m). In the first half of the fiscal year, cash flow from current activities stood at EUR 10.2 m (1H/2000: EUR 2.2 m). In 1H/2001. all business units contributed to the increase achieved in terms of sales and earnings. Center Logistics yoy sales +176%; EBITA +218%; Inhouse Logistics sales +137%, EBITA +666%; Freight Concept sales +890%, EBITA +1.800%; Solutions sales +527%, EBITA positive after break even.

Against the background of new projects that are about to commence and current orders in hand worth EUR 150 m, thesales target of EUR 195 m for 2001 is expected to be met in full. Microlog is also on target in terms of EBITA (planned: EUR 13m). Detailed information on the company`s activities are published in the Quarterly Report available at http://www.microlog.de.

For further information:

Microlog Logistics AG Investor Relations Bahnhofstr. 18 64653 Lorsch Tel: +49 6251 801 312 Mail: investor@microlog.de

Frenzel & Co. GmbH Unternehmensberatung für Kapitalmarktfragen Schöne Aussicht 20 61348 Bad Homburg Tel: +49 6172/28880 Mail: mail@frenzelco.de

end of ad hoc announcement (c) DGAP 22.08.2001 -------------------------------------------------------------------------------- WKN: 549 431; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

220739 Aug 01



Autor: DGAP import (),07:42 22.08.2001



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