DGAP-Ad hoc: UBAG Unternehmer Bet. AG <IHU> english - 500 Beiträge pro Seite

[ad_hoc [wO]]

DGAP-Ad hoc: UBAG Unternehmer Bet. AG english

UBAG 2001 results as expected; first listed private equity fund in G

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

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UBAG 2001 results as expected; first listed private equity fund in G Due to absence of sales affecting net income, turnover of EURO 1.0m (previous year: EURO 17.8m) Owing to significantly reduced operating costs annual deficit of EURO -3.4m (previous year: EURO -41.4m) Conversion of UBAG to 100% private equity funds, divestment of management capacity The financial year 2001 saw Munich based investment company UBAG Unternehmer Beteiligungen AG (previously ´InternetMediaHouse.com AG´) achieve a turnover of EURO 1.0m (previous year: EURO 17.8m). The sharp decline is due, in part, to the fact that investment turnover contributed very little to the consolidated financial statement following a thorough portfolio streamlining implemented in the first six months of 2001. Additionally, the market situation meant that investment sales opportunities were either inappropriate or not viable, thus resulting in turnover from investment sales either contributing very little or being declined completely.The sustained success in minimizing operating costs was clearly visible in a sharply reduced annual deficit which fell from EURO -41.4m in 2000 to EURO -3.4m in 2001 (inc. one-off exceptional circumstances such as final consolidations). Owing to the consolidation of fast-growing majority holding SALT AG (Würzburg), UBAG´s management anticipates an increase in consolidated turnover for 2002 to c. EURO 19m with a further improvement in profit performance. Simultaneously, the management has announced its intention to convert UBAG into a 100% private equity fund listed on the stock exchange as from 1 July 2002, thereby divesting the entire investment management capacity to a separate management company. This structure, to date unique in the German stock-exchange arena, reflects the internationally proven private equity ´source-model´. From UBAG´s point of view, this fund model has the decisive advantage of allowing costs relating to investment management to become transparent externally, in addition to again enabling a sustained reduction in costs. Contact: UBAG Unternehmer Beteiligungen AG Christine Bachschmidt Tel: [phone] Fax: [phone] Mailto: [e-mail] www.ub-ag.com

end of ad-hoc-announcement (c)DGAP 08.03.2002

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WKN: 613860; ISIN: DE0006138605; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart

Autor: DGAP import (),08:23 08.03.2002

[Rudolphy]

Darauf haben wir alle gewartet. Ergebnisverbesserung heißt also im Jahr 2002 wahrscheinlich wieder kein Gewinn oder wie würdet Ihr das auslegen ?