All Stories
Follow
Subscribe to TTL Beteiligungs- und Grundbesitz-AG

TTL Beteiligungs- und Grundbesitz-AG

ots Ad hoc-Service: TTL Info. Technology AG <DE0007501009> Turnover up in the year's 3rd quarter

Munich (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
TTL Information Technology AG, Munich, a supplier of integrated IT
services, has increased its consolidated turnover by 60.4 % to reach
73 million DM during the first nine months of this year. For 2000 as
a whole, turnover is budgeted to total 102 million DM, breaking the
100-million barrier for the first time.
During the first 3 quarters of the year, both Project Business,
the group's core operation, and its Trading Division, showed
continuously improved performance. In the Project Business Division,
against the background of substantial capital investment over recent
years, turnover was up by 20.9 %, at 44 million DM. Revenues in the
Trading Division, at 28.9 million DM, have been more than tripled
over the preceding year, once the contribution in 2000 from 1st DATA
Solution Vertriebs GmbH, acquired at the beginning of this year, has
also been included. Turnover from TTL AG's brokerage operation,
however, has fallen short of the original expectations. 1st DATA
Solution Vertriebs GmbH reported turnover of 26.8 million DM in the
first none months of this year, signifying growth of 85 %, and
putting the company firmly in the black overall.
Consolidated profits from business operation in the year's 3rd
quarter before writedowns on goodwill (EBITDA) come to 4.8 million DM
(preceding year: 7.1). Earnings after taxes total 881,000 DM
(preceding year: 3.3 million). These results reflect substantial
investment in corporate infrastructure, particularly for human
resources procurement and skilling, plus the increased level of
depreciation entailed by capital investment over recent years. For
the year 2000, the EBITDA has been forecast at 6.1 million DM, and
profits after taxes budgeted at 1.1 million DM for the year as a
whole.
The recently acquired TTL Consult IT GmbH has been successfully
integrated, and will achieve turnover of 2.5 million DM and pretax
earnings of 0.4 million DM in 2000. TTL Consult IT GmbH is the future
vehicle for expanding the TTL Group's service and consulting
operations. Further information can be found in the quarterly report
on our homepage www.TTL-AG.de.
End
Internet: http://recherche.newsaktuell.de

Original content of: TTL Beteiligungs- und Grundbesitz-AG, transmitted by news aktuell

More stories: TTL Beteiligungs- und Grundbesitz-AG
More stories: TTL Beteiligungs- und Grundbesitz-AG