Tous Actualités
Suivre
Abonner WEB.DE AG

WEB.DE AG

euro adhoc: WEB.DE AG
Quarterly or Semiannual Financial Statements / WEB.DE with 42% revenue increase and profit in Q1-Q3/2003 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
The business development during the first nine months of fiscal 2003
was very positive for WEB.DE AG: revenues rose steadily in Q1-Q3/2003
versus the comparable prior year period by 42 percent to EUR 23.5
million. This already corresponds to the revenues of full fiscal year
2002 (EUR 23.6 million) generated in three quarters of fiscal 2003.
Despite the marked increase in total revenues, the operating expense
basis was reduced by -7% during the first nine months 2003. A
similarly positive development was chalked up by the earnings before
interest, taxes, depreciation and amortization (EBITDA) which totaled
EUR +2.8 million in Q1-Q3/2003 (EUR -5.0 million in Q1-Q3/2002). The
net result amounted to EUR +0.6 million versus EUR -13.0 million
during the comparable prior year period.
E-Commerce developed very well during the past nine-month period with
sales revenues of EUR 5.0 million (plus 61 percent versus EUR 3.1
million in Q1-Q3/2002). Despite the ongoing difficult general
economic and market-related framework conditions, Media Sales grew
slightly in revenues during the period under review to EUR 7.9
million (+1% versus EUR 7.8 million in Q1-Q3/2002). It now accounts
for 34% of total sales revenues. Digital Pay Services grew +87% in
revenues compared to the prior year period to EUR 10.6 million and
continue to be the clear growth driver.
With EUR +5.2 million a similarly positive development was recorded
during the period under review for the operating cash flow (EUR -5.1
million in Q1-Q3/2002) as well as for cash and cash equivalents which
rose by EUR +5.5 million to a total of EUR 100.5 million.
The Executive Board of WEB.DE AG confirms its expectations for the
seasonally strongest fourth quarter 2003 as well as for the full
fiscal year 2003: revenues will continue to rise in Q4/2003 which
translates into - as announced at the beginning of the year - an
anticipated increase in revenues versus prior year of 35 to 40
percent for the full year 2003. With a stepping up of expenditures in
research and development in the field of Web Telecommunications, the
Executive Board expects a positive net income and positive earnings
before interest, taxes, depreciation and amortization (EBITDA) for
fiscal 2003.
~
Appendix: Key indicators
(in EUR million)                       Q1-Q3/2003  Q1-Q3/2002
Revenues                                    23.5    16.6
Gross profit                                17.7    12.2
Marketing and Advertising                   (8.6)  (10.9)
Research and Development                    (9.8)   (8.9)
Income for the period
under review                                 0.6   (13.0)
EBITDA                                       2.8    (5.0)
Earnings per share (in EUR)                  0.02   (0.35)
Operating cash flow                          5.2    (5.1)
Cash and cash equivalents                  100.5    95.0
~
Contact:
WEB.DE AG, Investor Relations, Richard Berg 
tel. +49 (0)721.94329.2700, email  rb@webde-ag.de
The full quarterly report can be downloaded from the website of
WEB.DE AG on http://webde-ag.de.
end of announcement        euro adhoc 23.10.2003

Further inquiry note:

Richard Berg
Tel. +49(0)721 94329 2700
E-Mail: rb@webde-ag.de

Branche: Software
ISIN: DE0005296503
WKN: 529650
Index: HDAX, Nemax 50, Prime Standard, TecDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Plus de actualités: WEB.DE AG
Plus de actualités: WEB.DE AG