tecis Finanzdienstleistungen AG

ots Ad hoc-Service: tecis Holding AG tecis grows in the first three quarters by 41 percent

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Hamburg (ots Ad hoc-Service) -      

    A further 16 agencies opened Three new tecis fund of funds as of 3rd July approved for sale

    According to Interim figures on the 30th September of the financial year 2000, tecis Holding AG, Hamburg, has continued its growth rate; the tecis Group was able to increase its proceeds from income by 41 percent to 80.1 (same period last year 56.8) million DM. The commission income in the third quarter 2000 exceeded the previous year level by 16 percent. With this development tecis is fully in the budget for the current business year. The Company targets a commission income of 127.7 million DM (+ 34 percent). Result from commissions rose by 30 percent to 29.4 (22.6) million DM. The result from normal operations increased by 53 percent to 8.7 (5.7) million DM. In the third quarter the profit from normal operations exceeded the previous year level by 90 percent. Thereby the profit in the third quarter grew faster than sales. For the füll year tecis targets a result from normal operations of 14.6 million DM (+ 22 percent) and net profit of DM 7.5 million DM.

    tecis Finanzdienstleistungen AG, the main sales mainstay, was once again able to increaae the number of agencies after the strong growth in 1999 (plus 20) by 16 to 77. "The planned increase of 25 to 86 agencies by the end of 2000 is now already guaranteed through the "start-up 2000 programme", which began in January", said Christian Steinberg, Chairman of the Board of Directors of tecis Holding AG. The number of distribution partners was able to be increased by 185 to 1090 and should be at 1,300 by the end of the year.

    After the good development of the funds of funds tecis Global and tecis Dynamic, which were launched in Autumn 1999, tecis Asset Management AG launched a further three funds of funds. The new funds of funds tecis New Technologies Select UBS (D), tecis Asia Pacific Select UBS (D) and tecis Europe Plus Select UBS (D) were launched in co-operation with the United Bank of Switzerland (UBS) and have been approved for sales in Germany since 3rd July 2000 (administered assets of the five funds of funds as of 31st August 2000: 215.8 million DM).

    By the end of 2002, the number of agencies will have increased to over 180. "There's room for more than 600 tecis agencies in Germany", said Steinberg. Turnover from commissions should more than double from 95.5 million DM in 1999 to over 200 million DM in 2002. The annual surplus should quadruple disproportionately from 6.1 million DM in 1999 to 24.0 million DM in 2002. Longterm, the number of customers should rise to over 1 million by the year 2010.

    Questions: tecis Holding Aktiengesellschaft Dr. Jürgen Gaulke Press/PR Tel.+49 (0)177/679 30 60 Bettina Riecke Fax +49 (0) 40/3603 036 592 Tel. +49 (0) 69 69 51 - 285 Email GaulkeJ@aol.com Fax +49 (0) 69 69 51 - 278

End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de

Original-Content von: tecis Finanzdienstleistungen AG, übermittelt durch news aktuell

Weitere Meldungen: tecis Finanzdienstleistungen AG

Das könnte Sie auch interessieren: