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

TTL Beteiligungs- und Grundbesitz-AG

ots Ad hoc-Service: TTL Info. Technology AG <DE0007501009>

Munich (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
In the year 2000, TTL Information Technology AG purposefully
progressed its ongoing growth. Consolidated turnover came to 108.7
million DM, 55 % up on the preceding years figure of 70.0 million DM.
Both project business (the groups core operation) and the Trading
Division continued to perform well. In the project business segment,
revenues were increased by 27.5 %, from 51 million DM to 65 million
DM, against the background of heavy investment spending over recent
years. In the Trading Division, sales revenues, at 44 million DM, are
132 % above the preceding years level of 19 million DM, including the
turnover from 1st Data Solution GmbH, acquired at the beginning of
2000. In the group as a whole, earnings before interest, taxes and
amortization (EBITA) reached 7.0 million DM (preceding year: 12.1
million DM). Substantial investment has been made here in
infrastructure, particularly in terms of human resources enhancement
and skills upgrading at the particularly productive operations. The
EBITA have been hit by goodwill amortization amounting to 4 million
DM (preceding year: 0 DM) relating to 1st Data Solution and the
American affiliate BDL-Laguna. The figure also reflects amortization
of goodwill for C-Connection, acquired in September, and for the
management consultants Gerhard Kowoll EDV Unternehmensberatung. The
financial result of XXX5.8 million DM contains value adjustments on
financial assets amounting to 1 million DM. After taxes have been
taken into account, the net loss for the year comes to XXX3.4 million
DM (preceding year: + 4.5 million DM). Notwithstanding the net loss
for the year, reflecting as it does and one-off adverse factors
mentioned above, the net worth position is characterized by an
increase in the high capital-to-assets ratio to 35 % (preceding year:
29 %). Funds on hand have increased to 53.4 million DM (preceding
year: 36.7 million DM), thus providing a secure foundation for the
further internal and external growth being targeted. For the ongoing
business year, TTL plans to increase its turnover by almost 40 % to
150 million DM, with profits of 5.0 million DM before goodwill
amortization and taxes. You will find detailed information under
www.ttl-ag.de in the Investor Relations section and our annual
report.

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