AdCapital AG

ots Ad hoc-Service: AdCapital AG 9-month figures

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    Berlin (ots Ad hoc-Service) -  

    - result from ordinary activities jumps from minus 4 mill. Euro to 137 mill. Euro. - Company equity capital 313 mill. Euro, - Net asset value 367 mill. Euro - Private Equity and Venture Capital activities advance

    With its reorientation into a private equity company successfully behind it, AdCapital AG is set to record its best result ever.

    At the end of the first nine month, the AdCapital AG consolidated result from ordinary activities was 137 mill. Euro compared with minus 4 mill. Euro at the corresponding time last year. The improvement is due in part to income derived from the sale of holdings in BE Semiconductor Industries N.V. and GEVA Datentechnik. However, the operating result also improved by 14 mill. Euro from minus 9 mill. Euro last year to 5 mill. Euro this year. The post-tax consolidated result at the end of the third quarter was 130 mill. Euro compared with minus 10 mill. Euro the previous year.

    The equity capital of AdCapital AG (key to measuring net asset value, NAV) reached 313 mill Euro (lat year: 236 mill. Euro) at the end of the third quarter this year. Accordingly, the equity ratio is now 73%. The company's net financial position has improved from minus 23 mill. Euro to 210 mill. Euro. In the nine-month period under review liquid funds are 230 mill. Euro.

    On 30 September 2000 the company's NAV reached 367 mill. Euro, compared with 276 mill. Euro a year ago. Accordingly, this referes to a share price of common and preferred shares over 20 Euro. This reinforces the value of the stock and indicate its growth potential on the market. The NAV is the amount by which a company's assets exceed its liabilities.

    AdCapital AG has set its sights on becoming a leader in the booming private equity and venture capital market. The company will focus on those areas where it has expertise - telecommunications, software and IT-services, Internet and e-commerce, as well as high tech. In the coming quarter AdCapital will increase the amount invested in new ventures. Management expects that amount to be in the range 30 - 50 mill. Euro for the remainder of fiscal 2000.

    Please direct all queries to:

    AdCapital AG Head of Corporate Communications Christiane Schroiff 030-88 57 51-20

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