transtec increases core business

Tübingen, May 8th 2001.
transtec AG has started off the year 2001 by focusing even more on self-manufactured systems in the Linux/Unix, Microsoft and storage solution areas, underlining the trend reversal already in the first 3 months. The consolidated group turnover in the first quarter amounted to 38.6 million EUR (previous year 44.1 million EUR). Adjusted by special factors of approx. 9 million EUR, separation from non-profitable product segments, the transtec core business recorded an increase of 18 percent. The profit and loss on ordinary activities lies within our expectations at minus 1.18 million EUR (previous year 0.4 million EUR). Here start up costs for the tec2b subsidiary have just as much of an effect as the costs of concentrating logistics in the group headquarters at Tuebingen. The deficit amounts to 1.26 million EUR. This is equivalent to a period deficit per share of EUR 0.36 (previous year EUR 0.16). Overall transtec is within our expectations with the results of the first quarter.

The cash positions within the consolidated group have developed particularly satisfactorily. In comparison with the end of the financial year 2000, liquid assets increased in the first quarter from 3.75 million EUR to 5.85 million EUR. In the foreign companies too, transtec is still on course for growth. Particularly in Austria (+56 percent), and in the Netherlands (+45 percent) showed satisfactory growth rates The subsidiary in Switzerland, which contributed greatly to the losses in the previous year, was already able to show a positive result again with 25 percent growth in turnover.