Wapme Systems AG
Wapme Systems AG: Announcement of Q1 figures 2004
Corporate-news announcement sent by DGAP.
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Wapme Systems AG: Announcement of Q1 figures 2004
Düsseldorf, 3 June 2004
Wapme Systems AG (Securities ID No. 549550) publishes first quarter results 2004
(IAS). Revenues at EUR 19.5 million, a decrease of 16.56% compared to the same
period last year.
EBIT amounted to EUR -885,000 (previous year EUR -339,000) and the loss for the
quarter was EUR -1,012,000 (previous year EUR -306,000). This corresponds to a
loss of EUR 0.14 per share. Cash reserves on 31 March 2004 stood at EUR
2,657,000. Outstanding tax claims of EUR 5,314,000 from the Steinfurt Tax Office
continue to exist, and according to the results of the audit there are no
findings to indicate the need for a value adjustment of the claim for refund.
Overall, the performance in the first quarter was below expectations. In
addition to the poor first quarter that is typical for the telecommunications
industry, the company also suffered additional losses in the market for SMS chat
in the UK.
An austere cost policy in conjunction with a slimmer organisation and consistent
focusing on lucrative sources of business in the B2B and B2C sectors will
enable the management to adhere to their profit and loss forecasts for the
current fiscal year.
For further details please consult the 1st Quarter Report submitted to the
Deutsche Börse AG or our Website.
end of message, (c)DGAP 03.06.2004
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WKN: 549550; ISIN: DE0005495501; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
031418 Jun 04
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