euro adhoc: Lintec Information Technologies AG / Quarterly or Semiannual Financial Statements / LINTEC interim report third Quarter 2003: Profit on EBITDA level after nine months. Full year results expected positive. (E)

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

Taucha, 13 November 2003: LINTEC Information Technologies AG (WKN 648 600, ISIN DE0006486004) reports a slightly positive EBIT for the first three Quarters 2003 (Euro 130k), compared with a Euro 13.9 million loss for the same period last year.
As expected, demand remained disappointing during the two summer months, however, it improved noticeably in September. The main reason for the negative EBITDA in the third Quarter was the contribution from the subsidiaries rfi AG and Intenso GmbH which was below expectation. This was a main reason for the sale of the LINTEC’s stake in Intenso and the most cost intensive business area of rfi AG after the close of the Quarter. Both transactions were reported adhoc.
This is an overview of the key figures:

Key figures, income statement, Q 3/03 Q 3/02 Q 1-3/03 Q 1-3/02 in EUR’000 Turnover 18,372 38,767 76,376 158,252 EBITDA -2,013 875 2,101 -4,925 EBIT -2,771 -3,568 130 -13,927 Pre-tax Earnings (EBT) -795 -3,494 1,907 -26,376 Net Income / Loss -685 -7,218 -1,254 -31,549 Earnings per share (Euro) (0.08) (0.91) (0.15) (3.99)

Despite unsatisfactory results of concern subsidiaries rfi AG, Batavia AG and Intenso GmbH the progress within LINTEC’s core business as well as the venture capital business MVC AG is increasingly pleasing. As a consequence, LINTEC cautiously adjusted valuations within the venture capital company at the Quarter end. The restructuring work aimed at refocusing and stream lining continues to be on target. Personnel costs were reduced by one third throughout the concern compared with the same period last year. The LINTEC group employed 266 people at the end of the Quarter after 421 one year ago.
The LINTEC management board expects a reduction in sales and an improvement of operating results following the deconsolidation of Intenso GmbH. The company expects a positive EBIT for the full year of 2003.
The full quarterly report can be downloaded at A printed version is available from the company on request.

Further inquiry note:
LINTEC Information Technologies AG, Abt. MarCom. Tel. ++49/0 34298-71-607, Fax -372. E-Mail:, Web: Tel: +49(0)34298 71300
FAX: +49(0)34298 38433

end of announcement euro adhoc

Emittent: Lintec Information Technologies AG
Otto-Schmidt-Strasse 22
DE-04425 Taucha
Tel: +49(0)34298 71300
FAX: +49(0)34298 38433
ISIN: DE0006486004
WKN: 648600
Indizes: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Börse Düsseldorf, Baden-Württembergische Wertpapierbörse
Branche: Computing & Information Technology
Sprache: Englisch