31.03.2004 – 18:59
euro adhoc: InfoGenie Europe AG
Final figures for 2003: positive
Group earnings (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Berlin, March 31, 2004 - In fiscal 2003, InfoGenie Europe AG (ISIN DE0007472060) managed to continue its course of consolidation. The InfoGenie Group succeeded in reaching positive earnings territory for the first time, recording EUR 8 k before taxes (previous year: -EUR 3,893 k). Group revenues amounted to EUR 4,587 k (previous year: EUR 2,971 k), representing a 54% improvement year-on-year; the proportion accounted for by InfoGenie Europe AG amounted to 54% (previous year: 62%).
The ongoing restructuring measures led to a further cost reduction of EUR 400 k in 2003 (previous year: EUR 3.900 k). Thanks to the companys strategic reorientation, it was possible to develop and tap additional sources of revenue. The capital measures implemented resulted in a substantial increase in the number of shares, from 1,058.947 to 10,533.947. In addition to the cash capital increase of 0.750 shares and the non-cash increase (InfoGenie Global GmbH, 6.5 million shares), Click2Pay GmbH contributed 2.050 million shares and net sales GmbH 0.175 million shares. Earnings per share rose from -EUR 0.87 in the preceding year to EUR 0.29 in 2003. On the basis of cumulative distributable consolidated earnings, Group equity stands at EUR 10,628 k. This reflects the successful continuation of the restructuring program initiated, which in the current fiscal year is to represent a strategic extension of the companys portfolio business consisting of communications and virtual call center services. ~ Key figures (EUR 000s) 2003 2002 2001 Total revenues 4,587 2,971 2,755 Earnings before taxes 8 - 3,893 - 4,653 Financial resources 433 220 1,269 Shareholders equity: 10,628 -98(1) 3,046 Total assets 14,325 1,635 4,497 Cash flow on current business activity - 1,376 - 1,918 - 4,003 Earnings per share (in EUR) 0.29(2) - 0.87(3) - 0.73 ~
(1)Shortfall of EUR 98 k not covered by equity (2)Including EUR 2,000 k in deferred taxes carried as assets (3)The increasing loss per share was the result of the capital stock reduction in a ratio of 6:1 performed in November 2002
The key figures indicated above are based on the consolidated financial statements for 2003 audited and certified in accordance with U.S. GAAP. The full annual report will be published on April 30, 2004.
Information and explanatory notes on this ad-hoc announcement:
Against the backdrop of the difficult economic situation, InfoGenie managed to deliver a successfully performance in its portfolio activities comprising advisory and information services.
Outlook The growth trend for InfoGenie Europe AG will again be shaped by the general level of economic activity in the current 2004 fiscal year.
The strategic extension of the newly integrated fields of activity to include the Click2Pay procedure represents a logical further development of the portfolio business of InfoGenie Europe AG (virtual call center services and related settlement facilities) all the way to operating as an international payment service provider.
end of announcement euro adhoc 31.03.2004
Further inquiry note:
Branche: Telecommunications Services
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade
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