TTL Beteiligungs- und Grundbesitz-AG
ots Ad hoc-Service: TTL Info. Technology AG <DE0007501009> TTL AG with glittering figures for 1999 Budgeted profit exceeded by 24 %
Investments almost doubled
Munich (ots Ad hoc-Service) -
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TTL AGs managing board will have gratifying news throughout to announce at todays balance sheet and analysts conference presenting the financial statements for 1999: TTL Information Technology AG, Germanys top-ranking supplier of integrated all- inclusive packages on the Neuer Markt, achieved pretax earnings in the 1999 business year of DM 7.8 million, from revenues of DM 63 million; this corresponds to an increase over the preceding year (DM 4.1 million) of 89.9 %. Notwithstanding the expenses incurred during 1999 in connection with the initial stock exchange listing, the budgeted profit was exceeded by 24.2 %, with a net pretax profit of DM 1.4 million. The DVFA/ SG (German Association of Financial Analysts and Investment Consultants /Schmalenbach-Gesellschaft) result rose by as much as DM 1.3 million over 1998 to reach DM 4.9 million (+ 35.7 %).
Since TTL AG usually rents out mainframe systems to its customers, the level of investment activity is a crucial yardstick for growth of revenues in 2000: here, with investments of 99.4 million DM, TTL outstripped by 93.3 % the previous years figure of DM 51.4 million. In view of the excellent figures for the past business year, the managing board is extremely optimistic for 2000 as well. By acquiring 1st Data Solution Vertriebs-GmbH as a wholly owned subsidiary, moreover, the company has gained a partner which significantly broadens the customer base as well as substantially expanding the TTL Groups product portfolio by contributing Sun and SGI options. TTLs war-chest remains full, since 1st Data Solution is being acquired by way of a non-cash capital increase to be approved by the AGM in Regensburg on 27 April 2000. The AGM will also be asked to vote on future capital-related initiatives, since the next acquisition, a strategically important investment in the USA, is already on the immediate agenda.
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