Turnover increase for DPA in first quarter

Turnover
Compared to the first quarter of 2001, turnover in the first quarter of 2002 rose by 6%, from Euro10.1 million to Euro10.7 million. Compared to the fourth quarter of 2002 turnover in the first quarter of 2002 rose by 2%. 4.5% of total turnover in the first quarter of 2002 originated from the foreign branches. This is a rise of 3.0% compared to the first quarter of 2001.

Net profit
Compared to the first quarter of 2001 net profit decreased by 32%. Compared to the fourth quarter of 2001, net profit in the first quarter of 2002 decreased by 22%. This decrease is mostly attributed to an unchanged high level of cost at the foreign branches; especially the Belgian and English branches are still in the start up phase. Moreover, DPA has invested more in marketing initiatives to realise more brand awareness in their home market as well as in Europe.

Market developments 2002
Disappointing economical developments continued, as expected, in the first quarter of 2002. DPA results for this period are also affected by these developments.

Outlook
Due to insecure general economical expectations management cannot deliver an expectation concerning turnover and profit for 2002. DPA still maintains their plans aimed at further growth in their home market, The Netherlands, alongside controlled growth in the European market.




About DPA Holding NV
DPA is the independent specialist in secondment and interim management of financial-administrative professionals. Its customers include businesses, government bodies and non-profit organisations. DPA has ten offices in the Netherlands. In addition, the company boasts offices in Germany, Belgium, Great Britain and Spain. It is headquartered in Haarlem, the Netherlands. DPA was founded in 1990 and has approximately 106 internal staff and 432 interim specialists. Since March 1999 DPA is quoted on Euronext Amsterdam.

Enclosed: First quarter figures DPA Holding

The full Interim Report including tables is available to download from the enclosed link.