euro adhoc: arxes NCC AG / Quarterly or Semiannual Financial Statements / arxes NCC AG reports figures of the first quarter of fiscal 2004/05 (E)

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Ad-hoc release

arxes NCC AG

Fiscal 2004/05 (figures on the first quarter)
Results of the first quarter are on target

  • EBIT at -0.1 million euros
  • Operating income at 11 million euros

Cologne, November 19, 2004:

Despite the seasonally weak first quarter and the distinct investments in the expansion of business with mid-size customers, arxes AG has managed to start off its current fiscal year with a nearly balanced EBIT.

EBIT at -0.1 million euros

Both revenue from services and operating income are on target. The service division had some excess capacity due to the vacation season.

In the first quarter of fiscal 2004/05, earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to +0.2 million euros. After depreciation of non-current assets in the amount of 0.3 million euros, EBIT was slightly negative in the past three months of the fiscal year at -0.1 million euros.

Despite the slightly negative EBIT, the cash flow from current operations was positive at 0.3 million euros in the first quarter of fiscal 2004/05.

As of September 30, 2004, arxes NCC AG still had considerable liquid funds and securities due on demand in the amount of 4.4 million euros.

Prospects for further developments in fiscal 2004/05

In fiscal 2004/05, arxes NCC AG plans to have a profit margin of around 2 % after interest and tax.

The goal is to increase profitability by gradually increasing sales to mid-size customers over the course of the fiscal year so that returns of 5-6 % can be attained by the end of the fiscal year (June 30, 2005).

The outsourcing projects launched in the second quarter are milestones towards this goal. The management board confirms the goals communicated.

For further information and to receive the detailed quarterly report, contact: arxes Investor Relations, Martina Göhl, +49-221-964-86-129, ir@arxes.de, www.arxes.de

Further inquiry note:
Martina Göhl
Tel.: +49(0)221-96486-129
E-Mail: ir@arxes.de

emitter: arxes NCC AG Schanzenstrasse 36, Gebäude 11 D-51063 Köln phone: +49(0)221-96486-129 FAX: +49(0)221-96486-203 mail: ir@arxes.de WWW: http://www.arxes.de ISIN: DE0005098008

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