Plenum AG

ots Ad hoc-Service: plenum AG plenum AG\047s sales up 66% in Q1 2000

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    Wiesbaden (ots Ad hoc-Service) -plenum AG's sales up 66% in Q1 2000

    The first quarter of the current fiscal year at Wiesbaden-based IT solutions provider plenum AG was dominated by the implementation of its growth strategy. The strong growth in Q1 sales by 66% to EUR 8.7 million (previous year: EUR 5.3 million) reflected this development. plenum AG initiated a massive increase in R&D activity to drive development of innovative solutions for Internet technologies and new media, in particular in the channelling area - the connection between traditional TV and online communication. R&D expenses thus increased as forecast from EUR 64 thousand in the same period of the previous year to EUR 972 thousand.

    Despite the high level of investments, plenum generated substantial earnings in the first quarter, with EBITDA amounting to EUR 0,7 million (previous year: EUR 1.1 million) and will meet the earnings forecast for fiscal 2000 with EBITDA amounting to EUR 1.4 million. Net income for the period reached EUR 0.3 million (previous year EUR 0.6 million), bringing plenum's earnings per share to EUR 0.04 (previous year: EUR 0.09) for the first three months of 2000.

Further information

plenum AG Ilka Helmers Investor Relations Tel: +49 (0) 611 9882-255 Fax: +49 (0) 611 9882-177 E-mail:

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