tecis Finanzdienstleistungen AG

ots Ad hoc-Service: tecis Holding AG

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

    Hamburg (ots Ad hoc-Service) -      

    tecis 2000 result slightly above target / strong growth in the     first months of 2001 / expansion of agency network still above         target / growth will be safeguarded through investments

    According to interim figures, the tecis Group reports a net income of 7.7 million DM (3.9 million Euro) after tax for the financial year 2000. This result is slightly higher than the original target figures (7.5 million DM / 3.8 million Euro) and is a 26% improvement against the previous year. In the total financial year 2000, commission revenues within the Group increased by 25% to 119 million DM (61 million Euro). The net commission increased by 32% to 49 million DM (25 million Euro).

    Continued high growth in the first two months of 2001: interim figures for the first two months show that the commission revenues compared to the first two months of 2000, will continue to rise strongly by 33% to 21.0 million DM (10.7 million Euro), principally caused by tecis Finanzdienstleistungen AG. The net commission increases by 46% to 8.2 million DM (4.2 million Euro) and the net income by 29% to 0.9 million DM (0.5 million Euro).

    Agency development stronger than expected: the pan-German agency network of the tecis Finanzdienstleistungen AG continues to expand faster than planned: at the end of the year 2000 to 93 agencies - since going public at the end of 1998 an increase of 52 agencies (+127%). The number of sales partners increased in the financial year 2000 by 40% to 1,265 (+360). Currently around 170,000 clients are being serviced in total. The number of agencies could be increased in the first six weeks of the current year to 100 and should rise in 2001 to a total of 140 (+47).

    Growth safeguarding through higher future investments: speedier agency development and an altogether quicker company expansion require a temporary rise in investments. In the next two years, around 7 to 9 million DM (4 to 5 million Euro) are earmarked specifically for investments in the IT structure as well as increased training and further education investments for tecis Finanzdienstleistungen AG. The funds will increase productivity and profitability in the mid-term and guarantee a high quality of turnover as well as up-and-coming executives among sales partners. The Board of Directors is therefore planning a slightly lower net income after tax for 2001 and 2002 than originally expected. This will be at around 12.5 million DM (6.4 million Euro) in 2001 (up to now 15.9 million DM / 8.1 million Euro). In 2002 approximately 22 million DM (11.2 million Euro) are expected (up to now 24.2 million DM / 12.3 million Euro). Net income will therefore increase disproportionate to turnover by more than 60 resp. 75% compared to the previous year, which the Board of Directors expects unchanged with more than 160 million DM (82 million Euro) for 2001 and around 210 million DM (107 million Euro) for 2002. Net commissions will be unchanged in 2001 at approximately 62 million DM (32 million Euro) and at around 78 million DM (40 million Euro) in 2002.


    tecis Holding AG, Corporate Communications, Leander L. Hollweg. Tel. +49 (0) 40 696951-287; Fax: +49 (0) 40 69651-288; Email: l_hollweg@tecis.de

    End of message ----------------------------------------------------- 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: