Lycos Europe N.V.

euro adhoc: Annual Reports
Lycos Europe N.V. closes the financial year 2007 with a EUR (18.2) mln EBITDA loss and due to special items with a net profit of EUR 40.1 mln

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annual report

26.02.2008

Haarlem / Netherlands, February 26, 2008 - LYCOS Europe N.V. ("LYCOS"),  one  of the leading European portal providers and online advertisers,  today  published its consolidated financial statements for the year ended December 31, 2007.

The EBITDA for the year ended December 31, 2007 amounted to EUR   (18.2)  million compared to EUR (4.6) million in the reference period in 2006. The main  reasons are the negative advertising revenue development of own  products,  which  could not be  compensated  by   the  growing  third  party  advertising  revenues,  the increase in paid service and shopping revenues together with  a  reduced  margin due to the change in  the  revenues  mix,  a  general  margin   decrease  in  the Shopping business, an increase in cost of revenues partly related  to  the  move to a new data center and additional marketing initiatives for LYCOS iQ.

The net profit increased to EUR 40.1 million for 2007 compared to 2006 (EUR  1.7 million). This strong increase in profit is mainly driven  by  the  disposal  of several investments and the disposal of the Swedish Access business.

Cash, cash equivalents and other investments increased to EUR 157.2   million  as at December 31, 2007 compared to EUR 93.3 million as at December 31, 2006.  This

@@start.t2@@leads to a cash ratio of 4.1  (cash,  cash  equivalents  and  other  investments divided by total liabilities), which shows  the  strong  financial  position  of LYCOS Europe.

|                                  |                  |Year ended |Year ended |Change    |
|                                  |                  |December    |December    |              |
|                                  |                  |31, 2007    |31, 2006    |              |
|                                  |                  |                 |                 |              |
|Revenues                      |in mln EUR  |76.7          |82.4          |(7)%        |
|                                  |                  |                 |                 |              |
|EBITDA                         |in mln EUR  |(18.2)        |(4.6)         |>(100)%  |
|                                  |                  |                 |                 |              |
|EBIT                            |in mln EUR  |(44.0)        |(13.1)        |>(100)%  |
|                                  |                  |                 |                 |              |
|Net profit                  |in mln EUR  |40.1          |1.7            |>100%      |
|                                  |                  |                 |                 |              |
|                                  |                  |                 |                 |              |
|Earnings per share      |in EUR         |0.13          |0.01          |>100%      |
|(diluted and                |                  |                 |                 |              |
|undiluted)                  |                  |                 |                 |              |

In 2008 the goal is to continue our focus on growth  areas  consistently.  LYCOS
Europe will focus on and accentuate the areas of advertising and  shopping.  The
Company believes that the combination of creative product  development  and  the
capability  for  technological  innovation    will    enable    LYCOS    Europe    to
differentiate itself from other participants in the market  and  to  generate  a
sustained competitive advantage.
                                                              ###

About Lycos Europe Lycos  Europe  (ISIN  NL0000233195)  is  one  of  the  leading  European  portal providers and online advertisers  operating  a  network  of  websites  in  seven languages  in  Europe  and  the  USA.  The  company's  combination  of    search, communication  services,  online  communities,    content    channels,    shopping, homepage building and domain  names  registration  addresses  a  wide  range  of target groups.@@end@@

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ots Originaltext: Lycos Europe N.V.
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
|LYCOS Europe                                        |LYCOS Europe                                        |
|Investor Relations                              |Public Relations                                 |
|Sebastian Giese                                  |Frauke Riva                                         |
|T: +49-(0)5241-80-71135                      |T: +49-(0)5241-80-71050                      |
|F: +49-(0)5241-80-671135                    |F: +49-(0)5241-80-671050                    |
|E: sebastian.giese@lycos-europe.com  |E: frauke.riva@lycos-europe.com         |

Branche: Software
ISIN:      NL0000233195
WKN:        932728
Index:    Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Euronext - Paris / free trade
              Börse München / free trade



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