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INTERSEROH AG english
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INTERSEROH: Half-year results meet expectations
Cologne, Germany, 14. August 2001
Despite an economy mired in the doldrums, Germanys INTERSEROH, the services and
raw materials enterprise, turned in satisfactory results for the first half of
the year. Raw material prices moderate, when compared to the January-June
prices last year prevented profits from reaching preferred levels.
Nevertheless, this years result was considerably better than the amount for the
first half of 1999. Before taxes, company profits reached DM 23.6 million,
based on a turnover of DM 368.3 million.
Consolidated turnover in the area of services and raw materials marketing
reached DM 207.1 million. In the area of steel and metals recycling
consolidated turnover climbed to DM 161.8 million. Between the two areas, there
was consolidation of DM 0.6 million.
Two companies acquired during the reporting period are not included in these
results. Hansa Recycling GmbH, a steel recycling company in Dortmund was
approved for takeover by the Bonn and Brussels authorities on 30 July. The
other acquisition is Fritz Elberg GmbH & Co. KG, an industrial wood and fiber
processor in Brakel/Westphalia.
Company profits: 1st half 2001 1st half 2000 1st half 1999
DM 23.6 million DM 47.7 million DM 8.8 million
Company turnover: 1st half 2001 1st half 2000 1st half 1999
Services & raw
materials marketing DM 207.1 million DM 268.7 million DM 165.5 million
Steel & metals
recycling DM 161.8 million DM 140.2 million DM 92.3 million
Company turnover w/o
area overlapping
consolidation DM 368.9 million DM 408.9 million
Company turnover
w/ overlapping
consolidation DM 368.3 million DM 386.3 million
Further information:
INTERSEROH AG
Investor Relations Dept.
Stollwerckstrasse 9a
D-51149 Cologne
Tel: +49 2203 / 91 47-121, -241
Fax: +49 2202 / 91 47-406
end of message, (c) DGAP 14.08.2001
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