Medion AG

ots Ad hoc-Service: Medion AG

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    Mülheim (ots Ad hoc-Service) -      

    Sales +53.6 %, net earnings +52 %, bonus shares (relation 1:1) MEDION was again able to grow faster than the general market growth in consumer electronics business in its short fiscal year 2000 (01.07.2000 - 31.12.2000). Compared to the relevant six months in the previous fiscal year, sales rose by 53.6 % from Euro 675 M (DM 1.320 bn) to Euro 1.037 bn (DM 2.028 bn.). Earnings per share according to the DVFA/SG formula went up by 52 % from Euro 0.79 to Euro 1.20. The Supervisory and Management Boards propose to the Annual General Meeting to issue bonus shares (relation 1:1). We would like to emphasize that the successful cooperation between MEDION and Hewlett Packard has been extended by the development and marketing of the consumer PC-range "HP Pavilion" for the German market. In the U.S., the world's largest consumer market, the "HP Pavilion PC" is undisputed market leader in the consumer PC segment with a market share of more than 40 %. The new business model between MEDION and Hewlett Packard, which has been specifically established for the German market, might be widened to further European countries at a later stage.

    Strong international business With its full-service-concept MEDION was in 2000 active in 11 European countries already. In the relevant period foreign sales were more than doubled from Euro 69 M (DM 135 M) to Euro 145 M (DM 284 M). Thus foreign exposure was lifted from 10 % to 14 % compared to the past relevant period. At the end of the year 2000, MEDION has taken first initiatives in the US market. It is our target to transfer the MEDION-concept to the country of unlimited opportunities in the medium-term future. With a sales volume of Euro 102 M on total (DM 200 M), innovative products such as DVD players, PDAs, flat screen monitors and 100 Hz- widescreen-televisions contributed significantly to the overall growth. The bundling of internet-, ISDN-, tariff- and mobile phone offers with hardware sales campaigns also developed very successfully and delivered considerable earnings contributions. The growing acceptance of our comprehensive marketing- service concept in Germany and Europe constitutes an excellent platform. Further growth will be fueled by proper investments in widening our European activities, in identifying new trend products with the help of our worldwide supply network and in the expansion of the New Media segment.

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