euro adhoc: PONGS & ZAHN AG
Quarterly or Semiannual Financial Statements
1st quarter result (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Our group achieved total revenues of Euro 23.6 mill. within the first quarter of current year. Against the comparable period of previous year this represents an increase of 10.7 %. The conversion of the Hamburg based factory to a pure toll compounder which was effected as scheduled in the period under review caused high depreciations on the book-value of this participation amounting to Euro 4.8 mill. Primarily due to that effect the company shows a loss for the period before tax of TEuro 260.
Regarding the current business year, the company expects to be faced with ongoing difficult conditions. Pongs & Zahn group plans to achieve at least the same sales value as previous year but wants to present a balanced result. The parent company forecasts a dinstinct improvement compared to previous year.
Berlin, May 27th, 2002 Chief Executive Officer
More information and 1st qarter report obtainable at: Pongs & Zahn AG * Abt. IR+PR * Brigitte Denninger * Friedrichstraße 90 * 10117 Berlin Tel.: 030.20253502 * Fax: 030.20253537 * E-Mail: office@pongsundzahn.de * Internet: www.pongsundzahn.de
end of announcement euro adhoc 27.05.2002
Further inquiry note:
More information and 1st qarter report obtainable at:
Pongs & Zahn AG * Abt. IR+PR * Brigitte Denninger * Friedrichstraße
90 * 10117 Berlin
Tel.: 030.20253502 * Fax: 030.20253537 * E-Mail:
office@pongsundzahn.de * Internet: www.pongsundzahn.de
Branche: Synthetics & Plastics
ISIN: DE0006954001
WKN: 695400
Börsen: Baden-Württembergische Wertpapierbörse, Bayerische
Börse, Bremer Wertpapierbörse (BWB), Hamburger Wertpapierbörse,
Handelsüberwachung der Berliner Wertpapierbörse, Börse
Düsseldorf, Deutsche Börse AG Frankfurt