ebookers plc
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ebookers First Quarter 2002 Results Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 13 May 2002 ebookers plc, Europes leading online travel agency (LSE: EBR, Nasdaq: EBKR, Neuer Markt: eb6), today announces strong financial results for the first quarter ended 31 March 2002 (Q1 2002). Summary: ebookers reports sharp recovery from September 11: Cash increases, major rise in sales, strong improvement in pre tax loss, decreasing operating costs. Highlights (US GAAP) Gross sales rise 52% quarter on quarter and 40% year on year to $86.7m signalling full recovery from September 11 tragedy (Q4 2001: $56.9m Q1 2001: $61.8m). Revenues rise 37% quarter on quarter and 53% year on year to $9.7m (Q4 2001: $7.1m Q1 2001: $6.3m). Q1 2002 net cash increases by $2.9m compared to Q4 2001 to $32.1m (Q1 2001 $43.8m Q4 2001: $29.2.m). Total operating expenses decrease by 18% quarter on quarter and 29% year on year. EBITDA reduces by 59% quarter on quarter and 82% year on year to -$1.7m (excluding stock compensation and exceptional items). (Q4 2001: -$4.2m Q1 2001: -$9.4m). Pre-tax loss reduces by 64% quarter on quarter and 74% year on year to -$3.2m. (Q4 2001: -$8.7m Q1 2001: -$12.0m) Adjusted loss per ADR (excluding stock compensation) improves by 64% quarter on quarter and 73% year on year to -$0.13 (Q4 2001: -$0.36 Q1 2001: -$0.48). Subsidiaries in four countries achieve operational profitability (Finland, Ireland, Sweden, and the UK). ebookers flight, car hire and hotel booking engines exclusively integrated onto the Yahoo! UK & Ireland site. In July 2001 Glenn Trouse was appointed Non-Executive Director with an agreed term of office until May 2002. This term of office expired on the 10 May and it has been mutually agreed not to renew the contract. Mr Trouse will continue to work with ebookers in the future, aiding the company with his marketing consultancy expertise. For further details on Q1 2002 financials and business please visit the investor relations section of 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 13.05.2002 ——————————————————————————– WKN: 928715; ISIN: US2787251063; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; London 130804 Mai 02