Elephant Seven AG
Digital Advertising AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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digital advertising AG Outperforms Industry Expectations in the First Quarter /
Group Revenues Increase by 74 Percent / Results Improve According to Plan
Unterhaching, August 28, 2001. In the first three months of fiscal year 2001/02
(the company’s fiscal year ends on 31 March according to US GAAP), digital
advertising AG increased revenues by 74 percent to the rounded figure of K3,642
euros (previous year K2,091 euros). The cost-focused business policy of the
current fiscal year has already had a positive impact in the first quarter.
Compared with the fourth quarter of the last fiscal year 2000/01, earnings
before interest and taxes (EBIT) improved by K596 euros. This quarter’s EBIT
amounts to negative K444 euros (previous year negative K508 euros), EBITDA to
negative K140 euros (previous year negative K392 euros). Net loss for the period
improved from negative K344 euros in the previous year to negative K268 euros
in the period under review. As of June 30, 2001, the enterprise had K8,321 euros
in cash and cash equivalents on hand. At 88.1 percent, the equity rate is
roughly equivalent to the previous year’s level of 91.9 percent. The Group
employed 232 personnel as of June 30, 2001, 193 of which were retained on a
full-time basis and 29 of which were freelancer.
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 28.08.2001
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WKN: 513820; Index:
Listed: Neuer Markt in Frankfurt/M.; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
280812 Aug 01
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