DPA REPORTS ANNUAL ACCOUNTS 2002


February 27, 2003
 
DPA RESULTS UNDER FURTHER PRESSURE
 
DPA's turnover over 2002 totalled 35.3 million euros, which is 10.2% less than the total of 2001 (39.3 million euros).
The net profit over 2002 amounts 1.3 million euros, against 4.4 million euros over 2001.
 
The further decline in the net profit over 2002 is caused by a number of factors, including:
  •          higher liquidation costs in the UK;
  •          lower turnover and a lower margin in the Netherlands due to a higher percentage of Interim Specialists who could not be deployed to projects;
  •          higher provision for bad debts as a result of deteriorating economic circumstances.
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    Expectations and developments
    The current economic developments and market situation provide no reason for the DPA management to expect the market in which DPA operates to take a turn for the better in the near term.
     
    DPA Holding NV
    DPA Holding NV is a specialist in delivering tailor-made financial professionality, organized fast and efficiently on the basis of secondment, project- and interim-management and outsourcing. The company aspires to take a leading position in providing solutions to eliminate bottlenecks within the financial segment.
     
     

    Note to the editors (not for publication):
     
    More information available from:
    DPA Holding NV
    Peter Smit, General Manager
    023-5431500 / 06-53535421
     
     

    Attachments

    DPA REPORTS ANNUAL ACCOUNTS 2002