18.08.2003 – 08:15

d+s europe AG

euro adhoc: d+s online AG
Quarterly or Semiannual Financial Statements
Right on target in the first-half 2003 - EBITDA up EUR 4.9 million (E)

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

Hamburg, Aug. 18, 2003. d+s online AG (WKN 533680) recorded an
increase in consolidated EBITDA in the amount of EUR 4.9 million to a
negative EUR 0.5 million for the first half of 2003. With revenues up
EUR 2.0 million to EUR 21.1 million, the contribution margin remained
at the high level of the fourth-quarter of the previous year in the
seasonally weak first half. Group earnings before interest and
taxation (EBIT) rose by EUR 4.5 million from the first six months of
2003 to a negative EUR 3.0 million. One of the positive results of
the company’s restructuring plan was that personnel expense as a
percentage of revenues decreased from 91.3% a year ago to 80.5% for
the first half of the current financial year.

In the coming months, the company will focus primarily on intelligent
reinforcement of its position in the market in addition to handling
the increase in business. d+s online AG signed an agreement with an
investor that will secure the company growth capital in the amount of
at least EUR 3.0 million, and the corresponding capital measure was
included in those adopted at the Annual Shareholders’ Meeting in
June. Plans exist to use this capital to finance acquisitions in the
second half of the year in order to reinforce d+s online AG’s
position in the market.

d+s online AG, which is included in the Prime Standard index,
operates communication centers at eight locations in Germany. With
revenues of EUR 48 million (E2003) and 1,525 employees (as of June
30, 2003) d+s online AG ranks among Germany’s largest providers of
telemarketing services.

end of announcement        euro adhoc 18.08.2003

Further inquiry note:

d+s online AG, Investor Relations, Henning Soltau, Tel.
+49(0)40/4114-3542.

Branche: Media
ISIN: DE0005336804
WKN: 533680
Index: CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade