euro adhoc: PANDATEL AG / Earnings Forecast / Pandatel: business development marked by strategic reorientation in H1 2004 (E)

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

Pandatel AG, Hamburg, has continued to focus on improving Sales and Development in H1 2004. Moreover, the acquisition of Lightmaze Solutions AG strongly enhances Pandatel’s optical networking product portfolio.

On preliminary consideration, business development will be below last year’s H1 level in H1 2004 in spite of the measures introduced. Yet it was not possible to reduce the loss incurred in the first quarter of 2004. Accordingly, at the moment the original sales and profit planning can no longer be maintained for FY 2004. The enterprise now expects revenue figures similar to FY 2003. Losses are expected to reduce by EUR 1m compared to previous year’s results.

Therefore, it became necessary to adjust the sales and profit planning, mainly attributable to the poor market development in Asia and America. The devices developed under this year’s product roll-out will be available from September 2004 as scheduled earlier. Thus, business will gain momentum in Q4 2004. Moreover, the acquisition of Lightmaze Solutions AG and the product marketing involved will yield first results in the same period.

Pandatel’s H1 Report will contain further information on the business development over the first six months on August 11, 2004.

Pandatel AG:
Headquartered in Hamburg, Germany, Pandatel is a specialist provider of professional access and transmission technology for fiber-optic and copper data transmission. With a payroll of some 180, its own representative offices in France and Great Britain as well as subsidiaries in the United States, Israel and Singapore, and a range of sales partners world-wide, the publicly listed company supports corporate clients in 90 countries.

Further inquiry note:
Christina Kunze
Tel.: +49 (0)40 644 14 187
Tel: +49(0)40 644 14 0
FAX: +49(0)40 644 14 108

Emittent: PANDATEL AG Fasanenweg 25 DE-22145 Hamburg Tel: +49(0)40 644 14 0 FAX: +49(0)40 644 14 108 Email: WWW: ISIN: DE0006916307 WKN: 691630 Indizes: 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: Telecommunications Equipment
Sprache: Englisch