euro adhoc: Lycos Europe N.V.
quarterly or semiannual financial statement /
LYCOS Europe N.V. published its financial results for the first nine months of
2007 today
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
23.10.2007
Haarlem / Netherlands, October 23, 2007 - 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 nine months of 2007.Revenues of EUR 58.4 million generated during the first nine months of 2007 remained stable compared to the reference period in 2006. The EBITDA for the first nine months of 2007 amounted to EUR (12.9) million (2006: EUR (3.4) million). Decreasing advertising revenues, a margin decrease in the Shopping business, an increase in cost of revenues and additional marketing initiatives for LYCOS iQ are the main reasons for this development.
Cash, cash equivalents and other investments amount to EUR 159.9 million as at September 30, 2007. The cash ratio of 4.4 (cash, cash equivalents and other investments divided by total liabilities) shows the continuous strong financial position of LYCOS Europe.
| | |Nine |Nine |Change | | | |months |months | | | | |ended |ended | | | | |September |September | | | | |30, 2007 |30, 2006 | | | | |(unaudited)|(unaudited)| | |Revenues |in mln EUR |58.4 |59.0 |(1)% | |EBITDA |in mln EUR |(12.9) |(3.4) |>(100)% | |EBIT |in mln EUR |(36.4) |(7.9) |>(100)% | |Net profit |in mln EUR |44.1 |6.9 |>100% | | | | | | | |Earnings/per share |in EUR |0.14 |0.02 |>100% | |(diluted and | | | | | |undiluted) | | | | |
The ongoing product offensive and marketing initiative will result in a similar cost level during the coming months. The increase in revenues is not expected to cover this cost level and therefore, the Company calculates also with an operating loss for the fourth quarter of 2007.
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, Internet access, shopping, homepage building and domain names registration addresses a wide range of target groups.
end of announcement euro adhoc 23.10.2007 07:41:44
Further inquiry note:
LYCOS Europe LYCOS Europe
Investor Relations Public Relations
Sascha Wittler Frauke Riva
T: +49-(0)5241-80-71134 T: +49-(0)5241-80-71050
F: +49-(0)5241-80-671134 F: +49-(0)5241-80-671050
E: sascha.wittler@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