Elephant Seven AG
Digital Advertising AG english
digital advertising AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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digital advertising AG: Six Month Figures for 2001/02
Unterhaching, November 20, 2001. In the first six months of fiscal year 2001/02
(end of fiscal year March 31, US-GAAP), digital advertising AG saw sales
revenues increase by 24 percent to some 6,309k euros (previous year 5,101k
euros). The volatile and challenging market environment had a major impact on
second quarter 2001/02 sales revenues, which came to 2,667k euros (previous
year: 3,009k euros). EBITDA for the first six months amounts to negative 2,373k
euros (previous year: negative 893k euros), while EBIT totaled negative 3,786k
euros (previous year negative 1,172 k euros). The cash drain affecting the
company’s liquidity amounted to 566k euros. Next to the difficult market
environment, costs owing to the comprehensive “fit for future” program and
reported as reserves and special depreciation allowances figured prominently,
diminishing the company’s results for the period. The restructuring program is
geared exclusively towards attaining the breakeven point in the fourth quarter
of the current fiscal year as well as subsequently securing the long-term
profitability of digital advertising AG. As of September 30, 2001, the
enterprise had 7,755k euros in cash and cash equivalents (June 30, 2001: 8,321k
euros) on hand.
Contact:
Denise Sinnhuber
Phone: +49 (89) 61 534-160
Elisabeth Gröschel
Phone: +49 (89) 61 534-161
digital advertising AG
Biberger Straße 93
D- 82008 Unterhaching
Germany
Fax: +49 (89) 61 534-101
E-mail: aktie@da-ag.com
The Executive Board
end of ad-hoc-announcement (c)DGAP 20.11.2001
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WKN: 513820; Index:
Listed: Neuer Markt in Frankfurt/M.; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
200809 Nov 01
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