Plenum AG

ots Ad hoc-Service: plenum AG plenum AG records sales boom and high earnings in H1 2000

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    Wiesbaden (ots Ad hoc-Service) -      

    - Sales increase by almost 70% to EUR 19.1 million - EBITDA exceeds target for whole year at EUR 1.8 million

    Neuer Markt-listed plenum AG, Wiesbaden, has recorded its most successful six months in company history. Consolidated sales by this leading provider of innovative IT solutions increased strongly on the previous year's period from EUR 11.3 million to EUR 19.1 million, plenum is profiting in the current fiscal year from the backlog in demand for leading-edge IT solutions which arose following the restraint in investments in Q4 1999 due to the Y2K problem. The current orders situation reinforces the company's sales forecasts of EUR 36.8 million for the year as a whole (1998: EUR 25.7 million). These do not include pending acquisitions to strengthen the New Media and Systeme growth segments.

    Substantial investments were also made in Q2 in research and development in the New Media (business TV on the Internet) and Internet (integration of e-business applications and mainframe computer systems) segments to develop innovative IT solutions. In spite of high R&D expenses, plenum already exceeded its EBITDA target of EUR 1.4 million for the whole year in the first six months of 2000, with a figure of EUR 1.8 million (1998: EUR 2.5 million).

    plenum AG will publish its complete financial statements as of 30 June 2000 on 17 August 2000.

    For further information:

    Ilka Helmers plenum AG Investor Relations Tel.+49/611/9882-255

    Fax +49/611/9882-177 E-mail

    End of Message

    170858 Jul 00

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