TTL Beteiligungs- und Grundbesitz-AG
TTL Info. Technology AG english
TTL AGs core business grows
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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TTL Information Technology AG, Munich, is a provider of integrated IT services
(Neuer Markt SIN 750 100, Ticker TTO).
In the first nine months of the current business year, the TTL Group achieved a
turnover of Euro 38.8 m, compared to Euro 43.7 m in the preceding year. This
signifies a reduction of Euro 4.9 m (11.3 %) on a like-for-like basis. The
reasons for this, as explained in the mid-year report, are to be found in lower
sales revenues at the subsidiaries 1st DATA Solution Vertriebs-GmbH and TTL
Consult IT GmbH. TTL AGs core business (“Enterprise Solutions”) was up by Euro
3.6 m (11.1 %).
The EBITA total Euro minus 1.7 m. In all, earnings after taxes come to Euro
minus15.1 m (preceding year: Euro minus 4.1 m).
Earnings have been significantly affected by the one-off writedowns on the
goodwill of 1st DATA Solution Vertriebs-GmbH and TTL Consult IT GmbH, already
implemented on 30 June 2002, and totaling Euro 8.9 m.
In addition, the company has formed a further provision into the special fund,
producing a cumulative total for the business year of Euro 1.2 m on the cutoff
date of 30 September 2002. During the period under review, the company gained
Euro 500,000.– as the result of a settlement terminating legal proceedings
against the bank handling the special fund.
TTLs affiliate BDI Laguna is below budget in the years 3rd quarter, and from a
turnover of US$ 130.57 m has achieved an operating income of US$ 3.8 m. The
percentage holding in BDI Laguna Holdings, Inc. owned by TTL International AG
had been increased to 24.87 % by the buy-back procedure for its own shares
carried out by BDI Laguna Holdings, Inc. By parting with 4,184 shares, the
percentage holding was reduced to 19.073 %. This has hit quarterly earnings by a
netted-out Euro 2.4 m.
The earnings per share, weighted on a pro rata temporis basis, are minus Euro
2.92 (preceding year: minus Euro 0.83).
The order volume on 30 September 2002 totaled Euro 6.7 m.
You will find detailed information under www.ttl-ag.de in the Investor Relations
section and in our annual report.
Munich, 29 November 2002
Shareholder Hotline: +49(0)89/381611-12
end of ad-hoc-announcement (c)DGAP 29.11.2002
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WKN: 750100; ISIN: DE0007501009; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München und Stuttgart
290801 Nov 02
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