euro adhoc: Dr. Hönle AG / Quarterly or Semiannual Financial Statements / Good Start to the New Financial Year (E)

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

After Hönle (ISIN: DE 0005157101), a leading systems provider of industrial UV technology, successfully closed financial year 2002/2003, the Company continued its course of success during the first three months of the new financial year with a sales increase of 41 % in comparison to the first quarter of the previous year. Sales revenues rose from TEUR 3,434 to
TEUR 4,854.

The start to the new financial year which was significantly better than in the previous year is reflected in the income figures:
earnings before interest and taxes (EBIT) rose at Group level from TEUR -72 in the previous year to TEUR 423, earnings before taxes (EBT) climbed from TEUR 3 to TEUR 540, and net income for the period rose from TEUR 81 to TEUR 315. Relative to 5.24 million shares, earnings per share improved from EUR 0.02 in the previous year’s period to EUR 0.06 in the first quarter of the current year.

With an equity ratio of 83 percent, the Hönle Group continues to be very solidly financed. Taken together, liquid funds and financial investments amount to TEUR 16,152 as at 31 December 2003. This corresponds to a cash proportion of EUR 3.08 per share.

The Company assumes that the positive business development will continue in the second quarter. Order intake in the first quarter of the financial year developed successfully, in particular in the printing applications segment so that an increase in sales in comparison to the previous year is expected for the second quarter as well.

Further inquiry note:
Peter Weinert
Tel.: +49 (0)89 856 08 173
Tel: +49(0)89 85608 0
FAX: +49(0)89 85608 148

Emittent: Dr. Hönle AG Lochhamer Schlag 1 DE-82166 Gräfeling/München Tel: +49(0)89 85608 0 FAX: +49(0)89 85608 148 Email: WWW: ISIN: DE0005157101 WKN: 515710

end of announcement euro adhoc

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, Bremer Wertpapierbörse (BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse Branche: Instrument Engineering
Sprache: Englisch