euro adhoc: antwerpes AG / antwerpes releases its figures for the first six months of the year (E)

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Disclosure announcement transmitted by euro adhoc.
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Sales: EUR 5.2 M.
EBITDA: EUR 0.3 M.
EBIT: EUR 0.1 M.
Profit per share: 4 cent

Cologne, 4 August 2004 - antwerpes ag, Cologne, (ISIN DE0005471007)
achieved sales totalling 5.2 million euro in the first six months of
the 2004 financial year. Sales amounted to 2.8 million euro in the
second quarter of 2004 which reflected an increase of 14% or 0.4
million euro when compared to the 1st quarter. Compared to the first
six months of 2003, there was a decrease in sales amounting to 25% or
1.7 million euro. When compared to the first six months of 2003,
which were marked by an operational loss and restructuring costs, the
result has however clearly improved: Earnings before interest, taxes,
depreciation and amortisation (EBITDA) improved by 0.5 million euro,
rising from -0.2 million euro to 0.3 million euro. Earnings before
interest and taxes (EBIT) increased by 0.6 million euro, rising from
-0.5 million euro to 0.1 million euro. The result from ordinary
business activities increased by 0.6 million euro, rising from -0.1
million euro to 0.5 million euro. Profit per share amounts to 4 cent
(-2 cent). The Health Modernisation Law (GMG) continues to influence
the investment behaviour of customers in the healthcare market, with
whom the antwerpes Group generates three quarters of its sales.
Overall, the Board of Directors is expecting lower sales figures for
the 2004 financial year and a better result when compared to 2003.
Liquid funds and fixed-asset and current-asset securities amounted to
30.6 million euro or 5.18 euro per share at the end of the 1st six
month period and therefore corresponded to the level for the 1st
quarter of 2004 (30.4 million euro).

Overview of the company indicators for the first 6 months of
2004/2003 in tabular form

Indicator    1st 6 months of 2004  1st 6 months of 2003   Change
                     in euro               in euro
Sales                 5,195,000         6,903,000           -25%
Gross earnings        3,362,000         4,118,000           -18%
EBITDA                  287,000          -187,000         <-100%
EBIT                     92,000          -513,000         <-100%
Result from ordinary
business activities     487,000          -116,000         <-100%
Result/share in euro       0.04             -0.02         <-100%
Funds to hand        30,565,000        30,246,000             1%

Indicator    2nd quarter of 2004  2nd quarter of 2003     Change
                     in euro           in euro
Sales                2,772,000           3,268,000          -15%
Gross earnings       1,733,000           1,865,000           -7%
EBITDA                 177,000            -440,000        <-100%
EBIT                    81,000            -605,000        <-100%
Result from ordinary
business activities    272,000            -387,000        <-100%
Result/share in euro      0.02               -0.04        <-100%
Funds to hand       30,565,000          30,246,000            1%

Further inquiry note:
Tanja Mumme
Tel.: +49 (0)221 92053 139
E-Mail: tanja.mumme@antwerpes.de
Tel: +49 (0)221 92053 0
FAX: +49 (0)221 92053 133
Email: IR@antwerpes.de

end of announcement euro adhoc 04.08.2004
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Emittent: antwerpes AG
Vogelsangerstr. 66
DE-50823 Köln
Tel: +49 (0)221 92053 0
FAX: +49 (0)221 92053 133
Email: IR@antwerpes.de
WWW: http://www.antwerpes.de
ISIN: DE0005471007
WKN: 547100
Indizes: Prime Standard
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: Advertising
Sprache: Englisch

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