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TTL Beteiligungs- und Grundbesitz-AG

ots Ad hoc-Service: TTL Info. Technology AG <DE0007501009> TTL progresses its growth strategy

Munich (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
TTL Information Technology AG, Munich, a vendor of integrated IT
services, continued its healthy growth during the first half of 2000.
Sales revenues in the group rose by 59.5 % to reach 45.3 million
DM. The background to this is firstly an increase in sales at the
core operation, Project Business, of 17 % to 28.3 million DM, thanks
to the vigorous level of investment over the last year. Secondly,
sales revenues quadrupled in the Trading Division, to reach 17
million DM, a figure which for the first time includes the results of
1st Data Solution Vertriebs GmbH. Acquired at the beginning of this
year. Adjusted for this effect, sales revenues rose by around 8 %.
During the first half the year, 1st Data Solution Vertriebs GmbH
fulfilled the expectations placed in it, and is now trading in the
black. Consolidated earnings before interest and taxes (EBIT) reached
638,000 DM (preceding year: 3.124.000 DM). The result figure reflects
firstly the high level of capital investment in infrastructure at all
the company's divisions, particularly in procuring and skilling new
staff, and secondly the substantial investments made in project
business over the past twelve months, with concomitantly significant
increases in depreciation levels. In the group as a whole, finally,
the goodwill of 1st Data has been written down by 1.5 million DM. The
profit aftertax comes to 281,000 DM (preceding year. 1,511,000 DM).
The main focus of activity in the upcoming weeks and months will
be to strengthen service and consulting capabilities in the TTL
Group, so as to create additional corporate synergies.
End
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