Pongs & Zahn AG

euro adhoc: PONGS & ZAHN AG
Quarterly or Semiannual Financial Statements
1st quarter result (E)

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Our group achieved total revenues of Euro 23.6 mill. within the first quarter of current year. Against the comparable period of previous year this represents an increase of 10.7 %. The conversion of the Hamburg based factory to a pure toll compounder which was effected as scheduled in the period under review caused high depreciations on the book-value of this participation amounting to Euro 4.8 mill. Primarily due to that effect the company shows a loss for the period before tax of TEuro 260.

Regarding the current business year, the company expects to be faced with ongoing difficult conditions. Pongs & Zahn group plans to achieve at least the same sales value as previous year but wants to present a balanced result. The parent company forecasts a dinstinct improvement compared to previous year.

Berlin, May 27th, 2002 Chief Executive Officer

More information and 1st qarter report obtainable at: Pongs & Zahn AG * Abt. IR+PR * Brigitte Denninger  * Friedrichstraße 90  * 10117  Berlin Tel.: 030.20253502  *  Fax: 030.20253537 *  E-Mail: office@pongsundzahn.de * Internet: www.pongsundzahn.de

end of announcement            euro adhoc 27.05.2002
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Further inquiry note: More information and 1st qarter report obtainable at: Pongs & Zahn AG * Abt. IR+PR * Brigitte Denninger  * Friedrichstraße 90  * 10117  Berlin Tel.: 030.20253502  *  Fax: 030.20253537 *  E-Mail: office@pongsundzahn.de * Internet: www.pongsundzahn.de

Branche:        Synthetics & Plastics
ISIN:            DE0006954001
WKN:              695400
Börsen:         Baden-Württembergische Wertpapierbörse, Bayerische
Börse, Bremer Wertpapierbörse (BWB), Hamburger Wertpapierbörse,
Handelsüberwachung der Berliner Wertpapierbörse, Börse
Düsseldorf, Deutsche Börse AG Frankfurt

Original-Content von: Pongs & Zahn AG, übermittelt durch news aktuell

Weitere Meldungen: Pongs & Zahn AG

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