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ots Ad hoc-Service: AC-Service AG <DE0005110001> dt./engl.

Stuttgart (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
AC-Service AG, Stuttgart Wertpapier-Kenn-Nr. 511000
AC-Service Increases DVFA Earnings per Share More Than 30%
Operating result 26% below prior year. Slightly increased results
for usual operating activities.
AC-Service has released the following results for its 1999 fiscal
year:
(IAS, in million DEM)           1999  1998  99/98   1997
Net Sales                      100.8  95.1    +6%   80.6
IT Outsourcing           28.6  25.0   +14%   22.1
       Human Resource Services  24.4  17.1   +43%   15.1
       Distribution Solutions   39.7  45.5   -13%   35.6
       Other operations          8.1   7.5    +8%    7.8
Domestic                 52.5  52.1    +1%   42.5
       Foreign                  48.3  43.0   +12%   38.1
EBITDA                          12.6  13.2    -5%    5.1
Operating result(EBIT)           5.7   7.7   -26%   13.1
EBT                              6.1   5.9    +3%  -10.9
Net profit                       4.3   7.6   -43%   -8.6
Earnings per share by DVFA/SG   0.79  0.60   +32%      -
Cash earnings by DVFA/SG         9.7    8.0  +21%      -
Workforce as of 31 Dec           425    358  +19%    346
The slight increase in its operat activities (EBT) compared to the
prior year is due primarily to the elimination of interest expenses
(1998: DEM 1.8 million) on financial obligations, which were
compensated for through cash flows from the IPO at the end of 1998.
On the other hand, there was no special tax effect that in 1998 led
to tax revenues of some DEM 1.8 million, which was adjusted when
determining the results according to DVFA/SG. Annual net income of
DEM 4.3 million (prior year: DEM 7.6 million) was reported according
to IAS after deducting a 1999 tax expenditure of some DEM 1.8
million. Earnings per share by DVFA/SG for 1999 increased 32% to DEM
0.79 compared to the prior year.
Further details will be announced during the balance sheet press
conference taking place on 29 March 2000.
End
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