Netlife AG
Netlife AG english
Netlife concludes third quarter with positive performance
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Netlife concludes third quarter with positive performance
Turnover at previous year’s level despite sluggish economy; 3rd quarter results
of plus 2,000 Euro; High level of orders received and orders booked maintained;
Hamburg, October 30, 2002. Despite a manifest deterioration in the economic
situation, which has impacted particularly on the banking, insurance and IT
sectors, Netlife AG, Hamburg, has again accomplished a moderately positive
performance. At 3.45 million Euro for the period July 1 to September 30, 2002,
group turnover stood just short of the previous year’s level (3.55 million Euro
for the same period last year). The third quarter saw moderate group profits of
2,000 Euro (equivalent period 2001: 2,000 Euro). Overall, turnover for the first
nine months of the financial year 2002 stood at 11.03 million Euro (12.39
million Euro for the same period last year), with the result standing at minus
0.94 million Euro (plus 0.38 million Euro for the same period last year).
Positive development achieved in the third quarter is attributable to an
improved order book position along with cost reduction measures which are
already showing results. At 13.16 million Euro, accumulated orders received
during the first nine months rose by 14.8% in comparison to the previous year.
Outstanding orders of 6.03 million Euro as at the end of the third quarter
represented an increase of around 23% on the figure for the previous year.
In view of the enduring, perceptibly gloomy economic outlook and the reticence
to invest demonstrated by Netlife’s customers, the company no longer anticipates
the previously forecast double-figured increase in turnover. Nevertheless,
Netlife’s objective is to once again achieve balanced results for the fourth
quarter.
Please contact: Carmen Bakovic, 20359 Hamburg, Phone: 040/284 15 500,
http://www.netlife.de, bakovic@netlife.de
end of ad-hoc-announcement (c)DGAP 30.10.2002
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WKN: 676390; ISIN: DE0006763907; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
300753 Okt 02
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