euro adhoc: JoWooD Productions Software AG / Quarterly or Semiannual Financial Statements / JoWooD announces for the first time a positive result in the first quarter Restructuring process successfully implemented (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

Group result with TEUR 35 significantly above target
Gross turnover increased to TEUR 4,458 in the first quarter
New sales structure a pillar of success

JoWooD Productions Software AG, a publicly traded company on the Vienna Stock Ex-change, announced for the first time a positive Group result for the first quarter. Due to the implementation of the restructuring measures, the Group result after minorities amounted to TEUR 35 in the traditionally weakest quarter of the year and, is considerably above the forecasted figures.

The EBIT before restructuring measures and one-off effects also increased up to TEUR 2,720 by ten fold in comparison with the previous year. The turnover reached TEUR 8,444 well over the expectations. This was achieved primarily due to a consistent and successful implementation of the new sales structure. The planned operative cash-flow reached TEUR 2,306 in the period under review and was also surpassed considerably.

Due to the restructuring process started in the previous year the balance sheet also improved considerably. The balance was almost cut by half compared with first quarter of 2002, the return on equity, inclusive of the minority interests, improved to 13 % in compari-son to 4 % by September 30th, 2002.

Further inquiry note:
JoWooD Productions Software AG
Dr. Michael Pistauer, Vorstand.
Karin Kraberger, Investor Relations Manager
Tel.: +43 (0)3614 2966 1015
Tel: 0043 3614 2966-1015
FAX: 0043 3614 2966-1023

Emittent: JoWooD Productions Software AG Bahnhofstrasse 22 AT-4802 Ebensee Tel: 0043 3614 2966-1015 FAX: 0043 3614 2966-1023 Email: WWW: ISIN: AT0000747357 WKN: 074735 Indizes: ATX Prime, ViDX, WBI Börsen: official dealing Wiener Börse AG; free trade Berliner

end of announcement euro adhoc

Wertpapierbörse, Bayerische Börse, Baden-Württembergische Wertpapierbörse, Frankfurter Wertpapierbörse
Branche: Software
Sprache: Englisch