TTL Beteiligungs- und Grundbesitz-AG

ots Ad hoc-Service: TTL Info. Technology AG

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

    Munich (ots Ad hoc-Service) -      

    In the year 2000, TTL Information Technology AG purposefully progressed its ongoing growth. Consolidated turnover came to 108.7 million DM, 55 % up on the preceding years figure of 70.0 million DM. Both project business (the groups core operation) and the Trading Division continued to perform well. In the project business segment, revenues were increased by 27.5 %, from 51 million DM to 65 million DM, against the background of heavy investment spending over recent years. In the Trading Division, sales revenues, at 44 million DM, are 132 % above the preceding years level of 19 million DM, including the turnover from 1st Data Solution GmbH, acquired at the beginning of 2000. In the group as a whole, earnings before interest, taxes and amortization (EBITA) reached 7.0 million DM (preceding year: 12.1 million DM). Substantial investment has been made here in infrastructure, particularly in terms of human resources enhancement and skills upgrading at the particularly productive operations. The EBITA have been hit by goodwill amortization amounting to 4 million DM (preceding year: 0 DM) relating to 1st Data Solution and the American affiliate BDL-Laguna. The figure also reflects amortization of goodwill for C-Connection, acquired in September, and for the management consultants Gerhard Kowoll EDV Unternehmensberatung. The financial result of XXX5.8 million DM contains value adjustments on financial assets amounting to 1 million DM. After taxes have been taken into account, the net loss for the year comes to XXX3.4 million DM (preceding year: + 4.5 million DM). Notwithstanding the net loss for the year, reflecting as it does and one-off adverse factors mentioned above, the net worth position is characterized by an increase in the high capital-to-assets ratio to 35 % (preceding year: 29 %). Funds on hand have increased to 53.4 million DM (preceding year: 36.7 million DM), thus providing a secure foundation for the further internal and external growth being targeted. For the ongoing business year, TTL plans to increase its turnover by almost 40 % to 150 million DM, with profits of 5.0 million DM before goodwill amortization and taxes. You will find detailed information under in the Investor Relations section and our annual report.

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