IS.Teledata Reports Post-Merger Profits: First Quarter Results 2004 Slightly Exceed Expectations

FRANKFURT - IS.Teledata AG reports corporate profits of € 0.11 million for the first quarter of 2004 thus slightly exceeding expectations. The operating profit was positive at € +0.14 million. Corporate turnover for the reported period came to € 8.80 million.

Fritz Oidtmann comments the figures: "Within the first months of genuine cooperation, we have already managed to become profitable as announced. The current figures confirm that our strategy succeeds. It is encouraging that the corporate profits actually are ahead of the scheduled results. The last effects of the restructuring measures partially still burden the results of the first quarter."

"The international subsidiaries of IS.Teledata AG have significantly contributed to the positive results. In Germany, we continue to pursue our goal of moderate growth to come to positive results," said Stephan Wolf.

Stephan Schubert adds: "Technologically, we have set the course to meet the growing demands of our customers for an open, flexible, powerful platform for the standardised distribution of market data. Important major projects, such as the development of the second version of our Financial Desktop IS.Slider, keep us at capacity."