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


ISIN: DE0006259104 | WKN: 625910 | Symbol: PRC
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01.07.11
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Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

PRIMACOM REPORTS RESULTS FOR SECOND QUARTER AND FIRST HALF 2001

MAINZ, GERMANY, August 27, 2001 - PrimaCom AG (Neuer Markt Frankfurt, "PRC" / ID-No. 625910; Nasdaq: "PCAG") reports increased revenues and EBITDA and a reduced net loss for the second quarter over the first quarter. The Company`s results reflect the inclusion of the Multikabel acquisition as of October 1, 2000.

Revenues for the first 6 months 2001 increased 44.2% to Euro 78.6 million over the same period 2000. Second quarter revenues increased 44.9% to Euro 39.7 million. First half adjusted EBITDA increased 46.3% to Euro 35.1 million. Second quarter 2001 adjusted EBITDA improved 57.4% to Euro 17.9 million. The increase in revenues primarily reflects the contributions of the acquisition of Multikabel in the Netherlands and acquisitions in Germany subsequent to the first half of 2000, rate increases for basic analog cable television services, and the continued growth of Highspeed Internet access and digital television services.

The net loss for the 6-month period was Euro 53.4 million, or Euro 2.70 per basic and diluted share, versus a net loss of Euro 17.1 million, or Euro 0.86 per basic and diluted share, a year ago. The net loss includes Euro 54.1 million depreciation and amortization. The net loss of 25.8 million for the second quarter of 2001, however, improved by Euro 1.9 million over the first quarter of 2001. The adjusted EBITDA margin improved from 41.6 % in the first quarter 2001 to 45.1 % in the second quarter 2001 and continues the positive trend that began in the fourth quarter of 2000 reflecting the Company`s efforts on all fronts.

A full press release will follow within the next hour.

Contact: A. Hoffmann, Executive Vice President Investor Relations, Tel.: +49 6131 9310 150 Fax : +49 6131 9310 149 e-mail: investor@primacom.de PrimaCom AG, Head Quarter, Hegelstraße 61, 55122 Mainz, Germany

end of ad-hoc-announcement (c)DGAP 27.08.2001 -------------------------------------------------------------------------------- WKN: 625910; Index: NEMAX 50 Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

270802 Aug 01



Autor: DGAP import (),08:05 27.08.2001



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