euro adhoc: Lintec Information Technologies AG / Quarterly or Semiannual Financial Statements / LINTEC interim result for Q1 2003: 60 per cent increase in profits, EBIT margin more than tripled reaching 6 per cent. Debts further reduced. (E)

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

Taucha, 15 May 2003: During the first three months of its new business year, LINTEC Information Technologies AG (WKN 648 600, ISIN DE0006486004) has seamlessly continued the positive development taken over the last quarters. As expected, sales went down 50 per cent on the calculated value for the same period last year declining from EUR 34.7m to EUR 69.7m. This can be attributed to both LINTEC’s stronger focus on its own brands and to weak market conditions. At the same time, however, the gross margin nearly doubled increasing from 15.7 to 28.1 per cent. The EBITDA margin went up from 3.2 to 8.1 per cent and the EBIT margin tripled reaching 6.2 per cent.
Consequently, as a result of the restructuring process underway, all quarterly operational key figures could be improved for the third time in a row.

The amount of working capital required for that could be further reduced during the period under review. The cash flow from operating activities was positive again totalling EUR 2m compared with EUR -3.4m in Q1 of the previous year.

During the past quarter, current liabilities to banks could be cut down by another EUR 3.3m (EUR 25.7m). One year ago current bank liabilities still amounted to over EUR 43m. Compared with 31 December 2002 liquid funds went down EUR 1.5m to EUR 3.6m (EUR 2.2m a year ago). Compared with the previous quarter, the equity ratio (13.8 per cent) virtually remains unchanged.

Thanks to the restructuring programme underway, personnel expenses were down almost 28 per cent on Q1 2002. The number of staff employed at 31 March 2003 totalled 359 (388 at 31 December 2002).
The detailed quarterly report will be made available for download at in the course of 15 May 2003. Its printed version can be requested from our company.

Further inquiry note:
Further information:
LINTEC Information Technologies AG, IR/PR Dept.,
Tel. ++49 (0) 34298 71607, Fax 71372
e-mail:, web:
Tel: +49(0)34298 71300
FAX: +49(0)34298 38433

Emittent: Lintec Information Technologies AG Otto-Schmidt-Strasse 22 DE-04425 Taucha Tel: +49(0)34298 71300 FAX: +49(0)34298 38433 Email: WWW: ISIN: DE0006486004 WKN: 648600 Indizes: Nemax All Share, Prime Standard Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade

end of announcement euro adhoc

Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Börse Düsseldorf, Baden-Württembergische Wertpapierbörse
Branche: Computing & Information Technology
Sprache: Englisch