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EBOOKERS ANNOUNCES CONTINUED STRONG PERFORMANCE
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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EBOOKERS ANNOUNCES CONTINUED STRONG PERFORMANCE
– ebookers plc quarter two financial results –
12 August 2002 – ebookers plc, Europe’s leading online travel agency (LSE: EBR,
Nasdaq: EBKR, Regulated Market, Germany: eb6), today announces its financial
results for Quarter Two ending 30 June 2002:
Highlights for second quarter (according to US-GAAP)
· Gross sales rise 50% organically year over year to $103.8m, maintaining No.1
position in Europe.
(Q2 2001: $69.3m Q1 2002: $86.7m).
· Revenues rise 67% year over year to $11.0m.
(Q2 2001: $6.6m Q1 2002: $9.7m).
· Net cash balance rises again to $36.6m up from $32.1m in Q1 2002.
· Indian back office investment for future costs savings continues – $0.8m of
operating expenditure this quarter.
· Pre-tax loss (excluding stock compensation) reduces by 79% year over year to
$2.4m.
(Q2 2001: $11.5m Q1 2002: $3.1m)
· Adjusted loss per ADR (excluding stock compensation) improves by 81% year
over year to $0.09.
(Q2 2001: $0.48 Q1 2002: $0.13).
· Management team strengthened with key appointments.
· Infrastructure created for future growth at low cost.
· Current trading is good as consumer shift to internet continues.
–ends–
For further details on Q2 2002 financials and business please visit the
investor relations section of http://www.ebookers.com, and click on “Press
releases”; or contact:
ebookers.com
Oliver Strong +44 (0) 20 7489 2239
oliver.strong@ebookers.com +44 (0) 7771 934 153
Kirchhoff Consult (Germany)
Elise Vanier +49 69 7474 8617
elise.vanier@kirchhoff.de
end of ad-hoc-announcement (c)DGAP 12.08.2002
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WKN: 928715; ISIN: US2787251063; Index:
Listed: Geregelter Markt in Frankfurt; Freiverkehr in Berlin, Bremen,
Düsseldorf, Hamburg, Hannover, München und Stuttgart; London
120800 Aug 02
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