Contact:
Newsfox Desk
Phone: + 43 - 1 - 811 40 - 319
E-Mail: editor@newsfox.com
| Pressbox | 
|
Marl (pte039/08.04.2003/15:42) - Listed German monitor and computer producers Maxdata AG http://www.maxdata.de has concluded the first quarter of 2003 with improved earnings.
In spite of the generally weak economic situation in Germany and Europe, Maxdata increased its turnover by 13 per cent to 171.1m euros in the first quarter of this year. Earnings before interest and taxes (ebit) more than doubled from 0.5m euros in the same quarter last year to 1.3m euros, as reported by the company today. Maxdata also hopes to achieve double-digit growth in the second quarter.
The 2003 first quarter results still pale, however, when compared to the high results of the final quarter of 2002 - the result of Christmas business.
According to Maxdata's prognosis for the entire year, turnover should reach 700 euros and the company's ebit will top ten million euros. In 2002 Maxdata suffered a 17 per cent collapse in turnover, and its ebit dropped by 50 per cent to eight million euros.
At the upcoming general meeting on 7 May, the board of directors and supervisory board intend to propose a dividend of 0.25 euros per share for the year 2002.
(end)
|
|
