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Copaco News



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 Wednesday August 29 2001
Copaco maintains profit-expectations for 2001
Copaco realised a net profit of € 2.4 million in the first 6 months of 2001 compared with a loss of € 7.7 million for the same period in 2000. The turnover fell fractionally from € 214.3 million to € 212.2 million, the gross margin improved 30% from 5.5% to 7.2%. The operating result totalled € 4.4 million compared with € -3.5 million in the first half of 2000.

Friday February 16 2001
Copaco incurs losses after large restructuring
Copaco has incurred net losses of EUR 7.6 mln in the year 2000, which is in accordance with expectations. Profit figures were strongly influenced by restructuring costs. Turnover rose by only 0.7% to EUR 466.2 mln last year. Copaco managed a recovery of its profits in the second half of the year. Copaco incurred losses of EUR 7.7 mln in the first six months of the year 2000.

Thursday December 7 2000
Copaco: Lifeware to take over Amtron activities
Eindhoven: at the beginning of September, Copaco announced that Amtron was to move from its offices in Naarden to the premises of its sister company Lifeware. In order to enable a further optimisation of activities, agreements have been made with suppliers for Lifeware to take over Amtron product lines.

Wednesday October 25 2000
Copaco: 8% growth over Q3
Copaco realised an 8% increase in turnover compared with the third quarter of 1999. Turnover increased from € 103.3 million in 1999 to € 111.6 million this year. The turnover of service and solution activities increased from € 4.5 million to € 11.2 million, an increase of 148%. The turnover of ICT products and software increased from € 98.7 million over the third quarter of 1999 to € 100.4 million over the same quarter this year, an increase of 1.7%.

Wednesday August 30 2000
Copaco H1 net loss down EUR 11.5 mln
Copaco reported on Wednesday reported a net loss of EUR 7.7 mln for the first-half of 2000, compared with a net profit of EUR 3.8 mln the company booked in the comparible period of 1999. Turnover decreased 6% from EUR 227.8 mln to EUR 214.3 mln. Operating income fell from an operating profit of EUR 6.0 mln to an operating loss of EUR 3.5 mln.

Wednesday April 26 2000
Copaco 1Q sales down 6%
Copaco announced on Wednesday turnover for the first quarter of this year decreased 6% to NLG 242 mln compared with NLG 257 mln for the first quarter of 1999. Copaco blamed the poor results on market demand and the poor results of its Quadram unit.

Wednesday February 16 2000
Copaco net profit down 25%
Copaco reported on Wednesday net profit for 1999 dropped by 25% to EUR 5.1 mln, compared with net profit of EUR 6.8 mln the company booked in the comparible period of 1998. Turnover increased 66% from EUR 279.5 mln to EUR 463.0 mln. Operating income dropped by 22% from EUR 10.7 mln to EUR 8.3 mln. Earnings per share for 1999 dropped by 30% to EUR 0.43, compared with earnings per share of EUR 0.61 for 1998.

Thursday November 11 1999
Copaco 9-month sales up 64%
Copaco reported sales for the first nine months of 1999 were 64% up to NLG 729.6 mln, of which 16% due to organic growth. The company did not disclose operating profit or net profit, but said in a statement that it was encountering declining prices and orders due to Y2K issues. The company said that net profit for full-year 1999 will be lower than for full-year 1998.

Monday September 20 1999
Copaco H1 net profit up 8%
Copaco reported on Monday net profit for the first-half of 1999 increased 8% to NLG 8.3 mln, compared with net profit of NLG 7.7 mln the company booked in the comparible period of 1998. Turnover increased 67% from NLG 301.4 mln to NLG 502.1 mln. Operating income increased 6% from NLG 12.5 mln to NLG 13.2 mln. Earnings per share for the first-half of 1999 decreased 0% to NLG 0.70, compared with earnings per share of NLG 0.70 for the first-half of 1998.

Thursday February 11 1999
Copaco issues new forecast
Copaco yesterday issued a new 1999 earnings forecast, a day after predicting net profit growth of 10% for the current year. At the presentation of 1998 earnings on Wednesday, Copaco had said the projected profit increase was dependent on the rate of streamlining new acquisitions and unforeseen millennium effects.

Wednesday February 10 1999
Copaco net profit up 20%
Copaco reported on Wednesday net profit for 1998 increased 20% to NLG 15.0 mln, compared with net profit of NLG 12.5 mln the company booked in the comparible period of 1997. Turnover increased 16% from NLG 531.6 mln to NLG 616.0 mln. Operating income increased 12% from NLG 21.0 mln to NLG 23.5 mln. Earnings per share for 1998 increased 12% to NLG 1.35, compared with earnings per share of NLG 1.21 for 1997.

Monday December 21 1998
Copaco acquires computer Distributor
Copaco announced on Monday the acquisition of Sydicom, a specialised distributor for Digital. Through the acquisition of Digital by Compaq, Sydicom became also Compaq distributor. The company booked 1997 turnover of NLG 76 people and employs 47 people. Copaco pays for the transaction with shares, which is to become effective January 1, 1999. Copaco expects a possitive contribution to its earnings per share immediately.

Wednesday November 11 1998
Copaco acquires A-Line
Computer distributor Copaco has acquired Naarden-based software supplier A-Line. Copaco said it has almost finalised takeover talks with A-Line. Copaco is to finance the transaction with its own shares, for which it is considering a share issue. A-Line's current major shareholders are Begemann and Joep van de Nieuwehuizen.

Friday October 16 1998
Copaco issues profit warning
Computer distributor Copaco issued a profit warning on Friday. Copaco expects net profit and sales growth of 15% to 20%. Earlier Copaco said it expected net profit and sales growth of 20% to 25%. The company reported turnover of NLG 443 mln for the first nine-months of this year, 20% more than in the 1997 comparible period.

Friday July 31 1998
Copaco acquires computer distributor
Copaco is acquiring computer distributor Sydicom of Veldhoven. Sydicom is the leading distributor of Digital. The company booked 1997 turnover of NLG 76 mln and employs 42 people. The takeover is expected to be finalised in the first-half of September. Copaco plans to consolidate Sydicom's results with retroactive effect from July 1. Copaco is to finance the acquisition from its own reserves and through the issue of new shares.

Friday July 24 1998
Copaco reports H1 net profit up 24%
Copaco reports net profit for the first-half of 1998 increased with 24% to NLG 7.7 mln, compared with NLG 6.2 mln the company booked in the comparible period of 1997. Turnover increased with 23% to NLG 301.4 mln from NLG 245.1 mln. Operating result rose 20% from NLG 10.4 mln to NLG 25.1 mln. Earnings per share increased with 17% from NLG 0.60 to NLG 0.70. Copaco is maintaining its growth forecasts of between 20% to 25% for 1998.

Thursday April 9 1998
Copaco reports Q1 turnover up 37%
Copaco reports turnover in the first quarter of 1998 increased with 37% from NLG 118.4 mln to NLG 162.5 mln.

Friday February 13 1998
Copaco launched on the Amsterdam stock exchange
The new bourse listing on the Amsterdam stock exchange for Eindhoven-based computer distributor Copaco was eight times oversubscribed. ABN Amro bank managed the flotation. The share opened at NLG 25.50 on Friday, NLG 1.50 higher than the introduction price of NLG 24.00. The introduction price of NLG 24.00 was at the upper end of the NLG 20.00 to NLG 24.00 range.

Tuesday February 3 1998
Introduction price Copaco between NLG 20 and NLG 24
The introduction price of Copaco has been set between NLG 20 and NLG 24 by syndicate leader ABN Amro Rothschild. The company is floating a maximum of 3.4 mln shares on the Amsterdam Stock Exchange. Current shareholders are offering a maximum of 2.5 mln shares and up to one million new shares will be issued by the company. The preliminary prospectus will be available Februari 3 1998. Trading in Copaco will begin on February 13.

Wednesday January 21 1998
Copaco reports net profit NLG 12.5 mln
Copaco (distribution and sale of computer products) of Eindhoven reports a net profit of NLG 12.5 mln for 1997 (1996: NLG 5.3 mln). Turnover NLG 531.6 mln (1996: NLG 337.7 mln) and operating result NLG 21 mln (1996: NLG 9.4 mln). Copaco seeks listing on the Amsterdam Stock Exchange.

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