eJay AG
Ad hoc-Service: eJay AG english
Ad-hoc announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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– eJay AG reports record turnover: increase of 407% to 11.0 million EUR
– EBIT is 38% better than planned at -2.1 million EUR
– Expansion of the end-customer business and bundling of the
business-to-business activities
Stuttgart, 21 March 2001. eJay AG, provider of music software and online music
entertainment, more than quadrupled its turnover in the year 2000. 11.0 million
EUR are equivalent to an increase of 407% (previous years turnover: 2.7 million
EUR). While the company is on target with this figure, it was possible to
perceptibly improve the earnings before interest and tax (EBIT) in comparison
with the targeted goal. Instead of -3.3 million EUR, only -2.1 million EUR are
capitalised, an improvement of 38 % compared with the targeted goal. As already
reported, with a turnover of 5.4 million EUR and EBIT of 0.7 million EUR, the
final quarter ensured the positive annual development of the eJay Group. On
31.12.2000, the company had 76 employees (previous year: 25).
For the current fiscal year, eJay will focus on two core business segments. In
the end-customer segment (business to consumer), a further growth via
internationalisation is the highest priority on the one hand. On the other hand,
the company anticipates profitable increases in turnover via the transfer of
software to additional end devices (game consoles, handheld computers).
In the business customer segment (business to business), the OEM business (soft-
ware supply) has made a very successful contribution to the development of the
company. In the year 2000, this newly structured branch alone generated 1.7
million EUR in turnover straight away. In future, a single department will
bundle the business-to-business activities. Among these is the production of
music contents specifically compiled to meet individual customers wishes,
including the technical supply. Examples of these so-called music services are
for instance the SAT1 online radio or diverse music channels at bravo.de. The
acquisition of youwant.com at the beginning of March meant that an important
step in the business-to-business strategy has already been taken.
Details on fiscal year 2000 and on the strategy for 2001 will be announced by
eJay AG during todays press conference on financial statements at 9:30 in
Stuttgart as well as during a DVFA technical analyst conference at 14:00 in
Frankfurt.
end of Ad hoc-announcement, (c) DGAP 21.03.2001
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WKN: 549 570; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
210739 Mär 01
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