Plaut Receives Major New Contracts -- 2001 Revenues on Plan

Apr 12, 2001, 01:00 ET from Plaut AG

    MUNICH, Germany, and SALZBURG, Austria, April 12 /PRNewswire/ -- In
 contrast to the recent sharp decrease in its share price, Plaut sees no reason
 to change its budgeted revenue growth figures for 2001.  The business remains
 strong, also in the United States, where the current order book gives
 confidence that the company will reach its revenue goals for the first
 six months.  With a backlog across all countries of about five months, Plaut
 continues to believe that its revenue target for 2001 is reasonable.
     In recent weeks Plaut has received various contracts worth over a thousand
 man-days each: two large outsourcing projects in Brazil (one of which from a
 world market leader in imaging), a very large SAP project for a world market
 leader in electronic components and innovative materials, an eBusiness and CRM
 project from a major utilities company as well as a strategy contract from a
 large airline, all three in EU countries.  In Switzerland, Plaut won a major
 SAP project for a fine chemicals company, a mySAP.com eBusiness contract from
 one of the largest beverage manufacturers in the world, another mySAP.com
 project for a major laboratory system supplier as well as an eBusiness
 contract from concept to implementation from a leading aluminum and packaging
 company.  In the US, Plaut has successfully bid for a very valuable contract
 as an SAP implementor for one of the world's largest wine and spirits
 manufacturers, a project covering the UK and other parts of the world in
 addition to the United States.  Also in the US, a multinational plastics
 manufacturer has given Plaut the mandate for another conceptual design of SAP
 R/3 and its implementation.
     Gary DiOrio, Plaut's Co-CEO commented: "Our strong backlog demonstrates
 that Plaut is punching above its weight even in a more difficult economic
 environment.  The significant contracts won in the first quarter are evidence
 that our strategy of targeting large company orders is already producing
 results."
 
     About Plaut
     Plaut AG is an independent, and internationally operating management
 consulting group with a global presence of currently 35 subsidiaries in
 18 countries.  As Full Solution Provider from strategy consulting to
 IT-outsourcing and with revenues amounting to EUR 291 million (in 2000), it is
 one of the leading management consulting companies worldwide.  Since
 November 9, 1999 Plaut AG has been listed on the "Neuer Markt" of the
 Frankfurt Stock Exchange (PUT; Securities Code Number 918 703).
     Please find further information about the consulting group Plaut under
 www.plaut.de/ir
 
 

SOURCE Plaut AG
    MUNICH, Germany, and SALZBURG, Austria, April 12 /PRNewswire/ -- In
 contrast to the recent sharp decrease in its share price, Plaut sees no reason
 to change its budgeted revenue growth figures for 2001.  The business remains
 strong, also in the United States, where the current order book gives
 confidence that the company will reach its revenue goals for the first
 six months.  With a backlog across all countries of about five months, Plaut
 continues to believe that its revenue target for 2001 is reasonable.
     In recent weeks Plaut has received various contracts worth over a thousand
 man-days each: two large outsourcing projects in Brazil (one of which from a
 world market leader in imaging), a very large SAP project for a world market
 leader in electronic components and innovative materials, an eBusiness and CRM
 project from a major utilities company as well as a strategy contract from a
 large airline, all three in EU countries.  In Switzerland, Plaut won a major
 SAP project for a fine chemicals company, a mySAP.com eBusiness contract from
 one of the largest beverage manufacturers in the world, another mySAP.com
 project for a major laboratory system supplier as well as an eBusiness
 contract from concept to implementation from a leading aluminum and packaging
 company.  In the US, Plaut has successfully bid for a very valuable contract
 as an SAP implementor for one of the world's largest wine and spirits
 manufacturers, a project covering the UK and other parts of the world in
 addition to the United States.  Also in the US, a multinational plastics
 manufacturer has given Plaut the mandate for another conceptual design of SAP
 R/3 and its implementation.
     Gary DiOrio, Plaut's Co-CEO commented: "Our strong backlog demonstrates
 that Plaut is punching above its weight even in a more difficult economic
 environment.  The significant contracts won in the first quarter are evidence
 that our strategy of targeting large company orders is already producing
 results."
 
     About Plaut
     Plaut AG is an independent, and internationally operating management
 consulting group with a global presence of currently 35 subsidiaries in
 18 countries.  As Full Solution Provider from strategy consulting to
 IT-outsourcing and with revenues amounting to EUR 291 million (in 2000), it is
 one of the leading management consulting companies worldwide.  Since
 November 9, 1999 Plaut AG has been listed on the "Neuer Markt" of the
 Frankfurt Stock Exchange (PUT; Securities Code Number 918 703).
     Please find further information about the consulting group Plaut under
 www.plaut.de/ir
 
 SOURCE  Plaut AG