euro adhoc: d+s online AG / d+s online AG: Unaudited Results for 2003 Confirm Turnaround (E)

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Hamburg, Feb. 13, 2004. Unaudited results for financial 2003 show that d+s online AG (ISIN DE0005336804 / WKN 533680) has achieved the announced turnaround with consolidated earnings showing considerable improvement. EBITDA improved from a negative EUR 9.1 million for 2002 to EUR 0.4 million, which marks the first time d+s online ended year with positive EBITDA since the company’s IPO in 2000, and EBIT was up EUR 10.6 million to a negative EUR 4.6 million. Although up 4.3% to EUR 43.4 million, revenues failed to completely meet expectations, which made this improvement in earnings all the more impressive. As a result, d+s online achieved the improvement of EUR 10 million in operating results forecast in early 2003.

The significant improvement in operating results was achieved through consistent implementation of all of the measures to reorganize d+s online AG that were introduced by the chairman of the Management Board. Important contributory factors in this context included personnel restructuring, increased efficiency and improved production controls, reduction in expenditure and outside services, elimination of unprofitable business and adjustment of the rate of expansion as a function of the economic environment.

Without taking into account the effects of acquisitions, management expects a two-digit increase in revenues for the year 2004, as was the case in the years 2000 through 2002, as well as further improvement of EUR 4 million to EUR 5 million in operating EBIT. As a result, positive per-share earnings before amortization of goodwill are expected for the first time. Taking into account the effect of acquisitions planned for the year, earnings before amortization of goodwill are expected to improve by EUR 0.50 to EUR 0.55 per share over 2003, which will represent EUR 0.10 to EUR 0.15 per share. Earnings are then expected to increase by another EUR 0.10 to EUR 0.20 per share in financial 2005.

d+s online AG is listed in the Prime Standard and with 1,600 employees ranks among Germany’s largest outsourcing providers in the areas of CRM, communication center and telemarketing. The company operates communication centers eight locations in Germany.

Further inquiry note:
d+s online AG, Investor Relations, Henning Soltau, Tel.: +49 (0)40/4114-3542
Tel: +49 (40) 4114 3901
FAX: +49 (40) 4114 3903
Email: investor-relations@ds-online-ag.de

Emittent: d+s online AG Überseering 4 DE-22297 Hamburg Tel: +49 (40) 4114 3901 FAX: +49 (40) 4114 3903 Email: investor-relations@ds-online-ag.de WWW: http://www.ds-online-ag.de ISIN: DE0005336804 WKN: 533680 Indizes: CDAX, Classic All Share, Prime All Share, Prime Standard Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade

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Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse Branche: Media
Sprache: Englisch

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