BEKO Holding AG

ots Ad hoc-Service: BEKO Holding AG BEKO Holding AG Anticipates Reduced Earnings for First Half 2000

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    Vienna (ots Ad hoc-Service) -      

    BEKO Holding AG will be publishing its first-half results for 2000 on 31 August 2000. On the basis of the currently available figures, BEKO anticipates sales of EUR 37.5 million and reduced earnings compared with the same period of the previous year.

    EBIT is expected to decline to EUR 841,000 and profit on ordinary activities to about EUR 846,000. The net profit after tax will amount to some EUR 630,000.

    Consolidated group net income is forecast to rise 15% to approximately EUR 9.4 million.

    The primary causes of these developments are radical restructuring of the Austrian banking system and a tight labour market in the Austrian IT industry produce a steep rise in labour costs. To these factors is added planned capital expenditure on the establishment of a new division, BEKO The first sales from the new division are anticipated for the third quarter.

    BEKO will continue to pursue its existing strategy of conquering new fields of business. Stakes in and Call & Logistik Center GmbH will be followed by further strategic investments in the current year. These will be paralleled by a broad-based cost-cutting programme.

    The half-year results will be presented in detail on 31 August 2000.


    BEKO Holding AG Dr. Max Höfferer Tel: +43/1/79750-263, Fax: +43/1/79750-8004 E-mail: Internet:

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