Plenum AG

ots Ad hoc-Service: plenum AG plenum again increases forecasts for 2000 and raises medium-term planning

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    Wiesbaden (ots Ad hoc-Service) -      

    - Earnings and sales targets up almost 160% and 30% respectively on original targets for 2000     - EBITDA growth of over 350% planned by 2003

    Thanks to its positive development during the current fiscal year, plenum AG, Wiesbaden, has once again increased its targets for 2000. The Neuer Markt-listed IT solutions provider anticipates EBITDA of EUR 3.6 million this year, despite its continued investment drive. The new earnings target (after investments of EUR 5.5 million) is 20% higher than the prior- year figure (EUR 3.0 million) and is almost 160% higher than the EUR 1.4 million which was originally planned. The new sales target of EUR 48.2 million is almost 90% higher than the prior-year sales of EUR 25.7 million and is over 30% higher than the original target of EUR 36.8 million. plenum's planned sales growth in 2000 is a result both of its organic growth of 45% - higher than expected - and of its strategic acquisitions to strengthen the high-growth plenum Systeme and plenum New Media units (43%).

    plenum AG has revised its sales planning upwards by over 20% for 2001 to 2003. Consolidated sales are expected to grow organically by an average of around 40% from EUR 64.4 million in 2001 through EUR 90.6 million in 2002 to EUR 126.0 million in 2003. plenum's planning does not include major planned acquisitions. Investments made in 2000 and 2001 will lead to well above-average earnings growth in 2002 and 2003, leading plenum to expect EBITDA to surge upward by over 350% within the next three years. Accordingly, EBITDA targets will increase from EUR 3.9 million in 2001 through EUR 10.5 million in 2002 to EUR 16.4 million in 2003.

    plenum's interim report 3/2000 and medium-term planning are available on its Web site

    Further information: plenum AG Ilka Oevermann Investor Relations Tel.: +49 (0) 611 9882 255 Fax: +49 (0) 611 9882 177 E-mail: Web:

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