euro adhoc: quarterly or semiannual financial statement
LYCOS Europe N.V. -
Revenue decline caused despite cost reduction an EBITDA of EUR (6.2) million
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
quaterly report
29.04.2008
Haarlem / Netherlands, April 29, 2008 - LYCOS Europe N.V. ("LYCOS"),
one of the leading European portal providers and online advertisers,
today published its unaudited condensed consolidated interim
financial statements for the first three months of 2008.Revenues of EUR 16.2 million generated during the first three months of 2008 decreased compared to the reference period in 2007 (EUR 20.0 million). The EBITDA for the first three months of 2008 amounted to EUR (6.2) million (2007: EUR (2.3) million). Operating expenses were reduced by EUR 1.4 million to EUR (15.1) million compared with the first three months of 2007. This cost reduction could not compensate the decrease in revenues.
Cash, cash equivalents and other investments amount to EUR 149.4 million as at March 31, 2008. The cash ratio of 4.7 (cash, cash equivalents and other investments divided by total liabilities) shows the continuous strong financial position of LYCOS Europe.
| | |Three |Three |Change | | | |months |months | | | | |ended |ended | | | | |March 31, |March 31, | | | | |2008 |2007 | | | | |(unaudited)|(unaudited)| | | | | | | | |Revenues |in mln EUR |16.2 |20.0 |(19)% | |EBITDA |in mln EUR |(6.2) |(2.3) |>(100)% | |EBIT |in mln EUR |(7.3) |(3.8) |(92)% | |Net profit/(loss) |in mln EUR |(5.9) |7.6 |>(100)% | | | | | | | |Earnings per share |in EUR |(0.02) |0.02 |>(100)% | |(diluted and | | | | | |undiluted) | | | | |
Product offensive will remain the main focus for the next future to stabilize
the traffic further. This is the prerequisite to strengthen the advertising revenues. Beside this any actions will be taken to make the new shopping guide portal "decido" a success story. Additionally, the focus will be on a tight cost management.
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 of announcement euro adhoc
Further inquiry note:
For further information, please contact:
|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
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