Pixelpark AG

ots Ad hoc-Service: Pixelpark AG Pixelpark Achieves Profitability in its Fourth Quarter - Topline Growth at 219%

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Berlin (ots Ad hoc-Service) - Today Pixelpark AG announced their provisional figures for the fourth quarter and for the 1999/2000 fiscal year. Total output (sales revenues, change in inventory and grants for EU research) rose in the fourth quarter compared to the same period in the previous year by 219 percent to approximately 27.0 million Euros (8.5 million Euros in the previous year). In comparison to the third quarter (18.7 million Euros), the total output increased by approximately 45 percent. Therefore, in the three month period from April to June 2000, Pixelpark achieved a higher total output than in the whole of the preceding 1998/1999 fiscal year. For the 1999/2000 fiscal year, Pixelpark's total output of approximately 69.6 million Euros resulted in growth of 191 percent (the previous year's figure was 24.0 million Euros). With this result, which exceeded all expectations, Pixelpark achieved a profit in the fourth quarter on an EBITA-basis (earnings before interest, tax and amortisation of goodwill) of 0.2 million Euros. All operative European activities in Germany, Switzerland, Austria, France and Great Britain have made positive contributions to this result. For the entire fiscal year, the EBITA-loss amounted to -6.6 million Euros. The number of employees rose from 604 to 724 in the fourth quarter. This proves Pixelpark's attractiveness to qualified staff in the market. The large increase of the per capita turnover in comparison with the previous quarter illustrates the impressive ability of Pixelpark's business model to use scalable solutions in order to combine strong growth and profitability. Pixelpark's two most recent acquisitions, the consultancy ZLU (literally "Center for Logistics and Corporate Planning") and the IT service provider K2, are not yet included in these figures. Again, these will have a positive effect on the total operating performance and results. Including these two acquisitions, Pixelpark's workforce amounts to more than 900 employees. Detailed information about the final results of the 1999/2000 fiscal year and the fourth quarter will follow at a press conference on 20 September in Berlin, where Pixelpark's annual report will be released. Further information: Pixelpark AG; Rotherstr. 8, 10245 Berlin, Germany - Dr. Julian Deutz - Investor Relations - Tel: 030 - 5058-1710, julian.deutz@pixelpark.com - Helga Beck - Corporate Communications - Tel: 030 - 5058-1565, beck@pixelpark.com End of message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Pixelpark AG, übermittelt durch news aktuell

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