BEKO Holding AG
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BEKO Holding AG results 2001
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 2001: strategic objectives reached, but operationally
off target
Vienna, 29. 3. 2002.
The strategic objective of changing the company from a classic local IT service
provider to a leading national IT service providing integrator has been
achieved in the year under review. The company has therefore managed to
integrate various focal service issues and use synergies within all affiliated
companies in the Group. As IT service providers, all affiliated companies
ensure the integration of customer care, systems care and data care with
customers. In 2001, BEKO Holding AG came a large step closer to its strategic
objective of seeing as many of its operational units (CLC AG, TeleTrader.com
Software AG) as possible noted on the stock exchange as financial holdings.
BEKO, as an investor, pursues the strategy of realising select investment
opportunities which according to the judgment of the company are fundamentally
undervalued. In so doing, BEKO acts as a value-oriented financial investor with
the objective of realising medium-term upside potential.
Group sales for the financial year 2001 (EURO 83.5 million) were up 7.5% or
EURO 5.8 million over the previous year (2000: EURO 77.7 million). The
turnaround in EBIT was not achieved because the fully consolidated operational
units experienced massive slumps in sales and profit as a result of a very poor
4th quarter in 2001. The pre-tax results in 2001 (EURO -0.7 million) were EURO
8.4 million better than in 2000. Tax expenditure amounted to EURO 0.4 million
(2000: tax EURO 1.1 million). All in all, the after tax result rose by EURO 6.9
million from EURO -8.0 million in the previous year to EURO -1.1 million in the
year 2001. Once the results from other stakeholders have been taken into
account, this produces an annual Group result of EURO -0.4 million, which is
EURO 7.3 million above that of the previous year. The transfer of reserves and
profit carried forward from 2000 (EURO +8.2 million), result in a Group balance
sheet profit for 2001 of EURO 7.9 million.
The Board of Management shares the general opinion that the European economy
will not take off until the second half of the year. Until then, work in the
operational units will concentrate on compliance with cost discipline in order
to significantly improve the EBIT margin.
IAS figures Unit 2000 2001 Change +/-
Revenue EUR m. 77,7 83,5 +7,5%
Results before
depreciation (EBDIT) EUR m. 3,2 1,7 -48,4%
Results from operations (EBIT) EUR m. 1,0 -2,2 n/a
EBIT-margin as % of revenue % 1,3% -2,7% n/a
Financial result EUR m. -10,1 1,5 n/a
Result before tax (EBT) EUR m. -9,1 -0,7 +92,1%
Result after tax EUR m. -8,0 -1,1 +86,4%
Annual group result EUR m. -7,6 -0,4 +95,3%
Net profit EUR m. 8,2 7,9 -4,3%
Employees (Average) Persons 1.095 1.040 -5,0%
Earnings per share EUR -1,29 -0,06 +95,3%
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 29.03.2002
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WKN: 920503; ISIN: AT0000908603; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
291132 Mär 02
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