BEKO Holding AG
BEKO Holding AG english
Results Q1 2002
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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BEKO Holding AG Results Q1 2002: Decline in sales and earnings, ground
gained in difficult environment
Vienna, May 31st, 2002.
Sales at BEKO Holding AG fell by 22% to EUR 17.9 m and the EBIT by 199% to EUR –
1.9 m. compared to the st quarter 2001. The group result for the period
deteriorated by 205% to EUR -1.8 m. The earnings per individual share
certificate comes to EUR -0.31.
The EBIT did, however, show an increase of 51% compared to the 4th quarter 2001
and the group result for the period improved by 14%.
In view of the ongoing deterioration of the market environment the Managing
Board, together with the Management teams in the associated companies,
concentrated on ensuring that the existing savings program was strictly adhered
to and, at the same time, on building up the stock portfolio at a low price
level. The positive effects of this policy are reflected in the ground that has
been gained compared to our competitors and also in the positive operating cash
flow as well as in the EBIT which has increased by EUR 2.0 m. compared to the
previous quarter.
The Customer Care area displays the most momentum at the current time. This area
can be streamlined at an organisational level through the merger of Camelot AG
with CLC AG.
The Systems Care area has to contend with a lot of economic pressure and, as a
result, almost all the investments are reporting a deterioration in sales
whereby Pallas Soft AG is the most effected and BEKO Ing. P. Kotauczek GmbH the
least effected due to a rise in sales in the Engineering division.
The Data Care area can be viewed as being the most successful area at this time.
In the period under review, AC-Service AG reported an increase in sales and a
significant rise in earnings.
The managing Board focussed on the expansion of the existing shareholdings and
introduced the first measures that aim to streamline and improve the portfolio
structure.
The primary aim here is to reduce the number of shareholdings. This serves to
make the investment policy of the group more transparent for the capital market.
IAS figures Unit Q1/2001 Q4/2001 Q1/2002 +/-Q1/01 +/- Q4/01
Q1/02 Q1/02
Revenues EUR m. 23.0 19.5 17.9 -22.1% -8.1%
EBDIT EUR m. 2.6 -2.2 -1.2 -144.0% 47.9%
EBIT EUR m. 1.9 -3.9 -1.9 -199.4% 51.1%
EBIT margin % 8.3% -20.0% -10.6% n/a n/a
EGT EUR m. 2.1 -3.3 -2.5 -217.3% 23.6%
Profit after taxation EUR m. 1.6 -2.3 -2.2 -240.5% 3.0%
Net loss for the period* EUR m. 1.8 -2.1 -1.8 -204.8% 13.8%
Group balance sheet totalEUR m. 9.9 7.9 6.0 -39.3% -23.4%
Employees (Average) Persons 1,067 1,028 977 -8.4% -5.0%
Earnings per individual EUR 0.30 -0.36 -0.31 -204.6% 14%
share certificate
BEKO Holding AG
PR/IR & Communication, Dr. Max Höfferer
Modecenterstrasse 22/A1, A-1030 Wien
Tel.: +43 1 797 50 – 244, Fax: +43 1 797 50 – 8004
max.hoefferer@beko.at. http://www.beko-holding.com
end of ad-hoc-announcement (c)DGAP 31.05.2002
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WKN: 920503; ISIN: AT0000908603; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
310839 Mai 02
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