UBAG Unternehmer Beteiligungen AG
InternetMediaHouse.com english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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InternetMediaHouse: positive results in the 2nd quarter
– Restructuring has had a significant effect on results
– Quarterly surplus in Q2 has reached TDM 77
InternetMediaHouse.com AG (IMH) has shown a TDM 77 quarterly surplus during the
second quarter of 2001. This result exceeds results of the first quarter
(DM -2.262 million) and shows the success of restructuring as well as cost
cutting measures in the area of operating costs. For the entire first half of
2001 results were improved and reached a total of DM -2.185 million.
Due to a restructuring of the corporate holdings portfolio IMH no longer has
majority holdings in operating investments. This allows for transparency in
financial reporting since revenues and costs in minority stakes are not
consolidated in group financial statements. IMH revenues, therefore, consist of
earnings from sales of interest, and costs include – apart from the operating
costs of IMH – the book value of companies sold. Since the company did not sell
stakes in the second quarter and thus did not realize any related gains, total
revenues increased for the first half of 2001 by only a margin to DM 1.956
million.
Future results of IMH will henceforth profit from strict cost management within
the company. At the same time, IMH will further implement its new ‘Buy & Build’
investment strategy, under which the company will acquire interests in already
established, medium-sized companies.
Contact:
InternetMediaHouse.com AG
Christine Bachschmidt
Tel: 089.649.49 – 541
Fax: 089.649.49 – 150
E-mail: cb@imh-ag.com
http://www.imh-ag.com
end of ad hoc announcement (c) DGAP 13.08.2001
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WKN: 613860; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
130815 Aug 01
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