euro adhoc: LS telcom AG
Quarterly or Semiannual Financial
Statements
Q1 report (three month report) for the period Oct. 1st,
2003 - December 31th, 2003 (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Adhoc-Statement Q1 report (three month report) for the period Oct. 1st, 2003 - December 31th, 2003
Increase in order book - losses further decreased
Lichtenau, February 16, 2004. During the first quarter of the FY 2003/2004 LS telcom could significantly decrease its EBIT losses. Despite decreased revenues, partly because of positive changes in work-in-progress of EUR 578 thousand in comparison to the year-before, partly because of reduced expenditures and depreciations of a total of EUR 206 thousand, the EBIT of EUR -196 thousand is clearly higher than that of the year before (EUR -561 thousand).
Because of delays in projects, the revenues of some major projects could not been booked in the first quarter but on the other hand find expression in the increased change in work-in-progress of EUR 480 thousand (year-before period EUR -98 thousand). Therefore, the decrease in the shown revenues reflects a slightly exaggerated negative impression.
The present order volume secured by contract amounts to EUR 7.5 million. EUR 5.5 million hereof are allotted to the next 12 months, which corre-sponds to a plus of 27% to the year-before EUR 4.3 million.
In January 2004 LS telcom has implemented further restructuring measures. Main component is a reduction of approximately 20% of the number of employees with future cost savings of approximately EUR 1.2 million per an-num. In connection with these measures, a further strengthening of the sales department will be executed.
end of announcement euro adhoc 16.02.2004
Further inquiry note:
Harald Ludwig
Tel.: +49(0)7227 9535 705
HLUDWIG@LSTELCOM.Com
Branche: Telecommunications Services
ISIN: DE0005754402
WKN: 575440
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade
Original content of: LS telcom AG, transmitted by news aktuell