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euro adhoc: Neschen AG (english)

Bückeburg, 13.05.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.

Neschen AG Positive first quarter at the Neschen AG

The Neschen AG closed the first quarter 2004within the framework of its expected result.

A positive turnover development was realised in the first quarter of2004 after the three previous, somewhat weaker quarters caused by theweak overall economic situation. The turnover of 36M EUR was at thelevel of the first quarter 2003, taking into account theconsolidation changes. The order backlog has increased by 43% by theend of the first quarter compared to the previous year. Thisrepresents a turnaround of the negative turnover development of thelast three quarters.

The raw yield is well above forecast with the personnel and materialcosts below forecast. The cost-reduction measures introduced in thesecond quarter 2003 are continuing to bear fruit in the currentfiscal year.

The EBITDA lies by 7.6% (previous year 7.8%) and confirms thepositive trend compared to the year 2003 (6.2%).

The Neschen AG sees positive signs in many countries pointing to alivening of the market in the most important turnover segments of theadvertising branch. These market developments, as well as theintroduction of newly developed products, will lead to a turnoverincrease over the previous year.

The expected result of the current fiscal year is an EBITDA ofapprox. 8.5% and an EBIT of approx. 5.0%.

The mid-term yield goal of the Group is an EBITDA in double-digitsand an EBIT of 7.0%.

Further inquiry note:Jan MarzinowskiTel.: +49 (0) 5722 207 153E-Mail: j.marzinowski@neschen.deTel: +49 (0) 5722 207 0FAX: +49 (0) 5722 207 197Email: neschen@neschen.de

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WKN: 502130ISIN: DE0005021307Marktsegment: CDAX, General Standard, official dealing FrankfurterWertpapierbörse; free trade Berliner Wertpapierbörse, BayerischeBörse, Hamburger Wertpapierbörse, Börse Düsseldorf,Baden-Württembergische Wertpapierbörse

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