Broadnet AG
Broadnet Mediascape Comm. english
broadnet mediascape discloses figures for the first half-year
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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EBITDA 45% better than in same period last year
Hamburg, August 20 * broadnet mediascape can report revenues of TE 5,541 for the
first six months of its current fiscal year, as compared with TE 4,379 for the
same period last year, an increase of 27%. EBITDA was minus TE 2,715 (last year:
minus TE 4,941). This is a 45% improvement over the same period last year.
Operating results also showed a 12% improvement from minus TE 1,441 in the first
quarter to minus TE 1,274 in the second quarter. This renewed improvement in
operating results during the second quarter highlights the policy of systematic,
efficient cost management pursued by the corporation with the aim of attaining
its target of breakeven on a monthly EBITDA basis by 2003. EBIT improved by
around 47% from minus TE 8,925 in the first half-year of 2001 to minus TE 4,706
in January-June 2002. Depreciation charges of TE 6,504 at Broadnet Deutschland
GmbH were offset by write-back of the same amount of negative goodwill. The
group had financial resources of TE 30,981 at its disposal on June 30 (TE 33,155
at January 1, 2002). Capital expenditure during the first half-year was 58%
down on the same period last year (TE 6,392) at TE 2,695. 3,200 business
customers were using broadnet mediascape`s services during the first half of
2002. 981 of these were using a broadband link. The comparative figures for
last year were 3,000 business customers with 650 broadband links.
Contact: Sophie Lindemann; +49 40 66 86 100, s.lindemann@broadnet-mediascape.de
end of ad-hoc-announcement (c)DGAP 20.08.2002
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WKN: 549 086; ISIN: DE0005490866; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München und Stuttgart
200821 Aug 02
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