Medion AG

ots Ad hoc-Service: Medion AG Earnings growth exceeds sales growth
Successful business abroad

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    Mülheim / Essen (ots Ad hoc-Service) -      

    MEDION continued to generate dynamic growth thanks to its convincing marketing and service concept. Compared to the first three quarters of fiscal year 1998/99, sales rose by 38 % from DM 1.439 bn to DM 1.987 bn. Net earnings per share went up even faster by 57 % from Euro 0.76 to Euro 1.19.

    Our strategy of creating a European concept is paying off. Compared to the first nine months of the previous fiscal year foreign sales could be increased from DM 29.4 M to nearly DM 200 M and thus could be lifted by more than six times. This very positive trend will even accelerate in the current fourth quarter.

    The trend towards digitalisation creates a totally new business potential. Numerous innovative, future oriented products have been launched and are already contributing to MEDION's growth. In the relevant reporting period these new products have already generated a sales volume of DM 150 M (Euro 76.69 M).

    The bundling of internet, ISDN and mobile phone offers with hardware sales campaigns raises the products' attractiveness. In the first three business quarters MEDION secured more than a hundred thousand internet, ISDN and mobile phone contracts. Together with its partners MEDION will increasingly focus its interests on the mobile using of media contents and internet applications. The introduction of new technologies such as WAP 4), GRPS 5) or UMTS 6) will generate a new quality of mobile computing in the foreseeable future.

4) Wireless Application Protocol 5) General Packet Radio Service 6) Universal Mobile Telecommunications

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Original-Content von: Medion AG, übermittelt durch news aktuell

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