Köln, 22.06.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.
arxes NCC AG arxes NCC AG reduces liabilities in the fourth quarter
Cologne, 22th of June 2004
- Repatriation of long-term loans amounting to EUR 3.0 million- Equity ratio increased to 36%
In the run-up to a planned disposal of real estate in Aachen, arxesNCC AG announced that the company had reduced long-term bank loans byEUR 3 million.The ahead-of-schedule repayment of these loans, which were taken outto finance construction work, has led to a EUR 3 million reduction inliquid assets, which are EUR 4.2 million in the fourth quarter ofcurrent fiscal year.Even after the liabilities have been repaid in full the Group willstill have ample liquid assets and will be in a position to implementall planned projects and investments.
The reduction of the Group?s liabilities will enable arxes to achievetwo results: first, interest costs for the next fiscal year (2004/05)will be reduced by approx. EUR 100,000; second, the Group?s equityratio will be increased to 36% (March 31, 2004: 30.8%) in conjunctionwith a reduction of total assets by EUR 27 million to EUR 24 million.Shareholder equity per share is EUR 0.89.
arxes NCC Group plans to conclude fiscal year 2003/04 with totalsales of EUR 48-50 million. The net operating margin is anticipatedto be 5%.
End of ad hoc-announcement.
arxes Network Communication Consulting AG:arxes NCC provides IT services comprising IT consultancy, planning,realization and operating client/server-systems and networks. arxes?core competences range from migration, security, storage and VPN to amultitude of outsourcing services.Based on IT infrastructure analysis, arxes aims to help customers cutdown operating expenses for peripheral client/server applications andIT networks by standardization and consolidation. The Group?s ITservice is characterized by a high degree of system automation, andit operates on the basis of process-oriented IT service management inaccordance with ITIL (IT Infrastructure Library). arxes NCC Holding AG reports sales of approximatley EUR 50 million infiscal 2003/04 (June 30). The holding currently employs 560 people.arxes group, comprising arxes NCC AG, one affiliated company andthree minority participations, employs approximately 700 people andreports turnover of approximately EUR 67 million in fiscal 2003/04(June 30).
Further inquiry note:For further information, please contact arxes Investor Relations on+49 221/964 86-0, fax: +49 221/964 86-202, email@example.com,http://www.arxes.deTel: +49(0)221-96486-0FAX: +49(0)221-96486-200Email: firstname.lastname@example.org
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WKN: 509800ISIN: DE0005098008Marktsegment: General Standard, regulated dealing FrankfurterWertpapierbörse; free trade Niedersächsische Börse zu Hannover,Berliner Wertpapierbörse, Hamburger Wertpapierbörse, BremerWertpapierbörse (BWB), Börse Düsseldorf, Baden-WürttembergischeWertpapierbörse