tecis Finanzdienstleistungen AG

ots Ad hoc-Service: tecis Holding AG tecis grows in the first quarter of 2000 by 53 percent

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    Hamburg (ots Ad hoc-Service) -      

    tecis Holding AG has continued to grow at high speed in the first quarter of 2000 even after the cessation of the special effect caused by the tax discussion. According to current figures, the independent financial supplier has increased turnover from commission in the first quarter of 2000 by 53 percent to DM 25.4 (16.6) million.

    The turnover of the company, which is one of the leading independent brokers of financial services specializing in the sale of investment funds, should increase in total by 33.7 percent to DM 127.7 (95.5) million in the financial year 2000. Despite investments in the newly-founded e-Commerce subsidiary tecis e-com AG, the net income for the year will increase from around DM 2 million in 2000 by roughly a quarter to DM 7.5 (6.1) million, said tecis Board Chairman Christian Steinberg on the occasion of the balance sheet press conference in Hamburg. Altogether, the pre-tax return from turnover in 2000 should be at 11.4 percent. The DVFA result per share should increase by DM 1.26. For the financial year 2000, tecis promises its shareholders a dividend of DM 0.84. "We want to more than double our turnover by 2002 to over DM 200 million", said Steinberg. The pre-tax return from turnover will then reach almost 20 percent. With planned investments of around DM 6 million over the next three years, tecis e-com AG expects to reach break-even as early as 2002.

    tecis was able to increase turnover last year by 64.1 percent to DM 95.5 (58.2) million. The growth of the subsidiary tecis financial services turned out particularly strong with an increase in turnover from commission of 80.2 percent to DM 78.4 (43.5) million, stated Finance Management Board member Dr. Hartmut Schüning. The commission result of the tecis Group increased altogether by 73.3 percent to DM 37.1 (21.4) million. The annual surplus more than quadrupled to DM 6.1 (1.5) million. The DVFA result per share increased to DM 1.03 (0.34). For the financial year 1999, the Management and Supervisory Board suggest to the general meeting of shareholders on 24th May a dividend of DM 0.62 plus a bonus payment of DM 0.08 per share.

    At 10am today, Thursday, at the Hotel Steigenberger, Hamburg, tecis Holding AG will release further details of the balance sheet for the fiscal year and the revised planning. An analysts' conference will take place at 5pm at the Frankfurter Hof, Frankfurt.


    Dr. Jürgen Gaulke Tel. 0177/679 30 60 Fax 040/3603 036 592 Email GaulkeJ@aol.com

    tecis Holding Aktiengesellschaff Press and Public Relations Bettina Riecke Tel.(040) 69 69 51 -285 Fax (040) 69 69 51 -278

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