Netlife AG
Netlife AG english
Netlife shows clear improvement in group performance
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Turnover of 2.69 million EUR with group performance around break-even;
Business development and cost structure realignment running according to plan;
Hamburg, July 16, 2003. For the second quarter of 2003, group performance of
Netlife AG, Hamburg (ISIN DE0006763907), stood at minus 83 thousand EUR on a
turnover of 2.69 million EUR (previous year: 4.06 million EUR). The drop in
turnover as compared to the previous year reflects the continued restraint
towards IT investment on the part of the banking sector. The results show a
clear improvement on those for the same quarter of last year (minus 0.45 million
EUR). The deficit for the first half-year (minus 0.58 million EUR) has been
practically halved in comparison to the previous year (previous year: minus 0.94
million EUR). EBIT for the quarter under review stood at minus 37 thousand EUR
compared with minus 0.49 million EUR in last year’s second quarter.
Above all, cost reduction measures implemented in Q1 have contributed to the
positive development of results, whereby operating expenditure has been reduced
by approximately 40 percent against the period for the previous year. Turnover
and results are running in line with planning. Consequently, the company is
confident of achieving positive results in the second half-year.
The Management Board
For further information please contact:
Netlife AG, Investor Relations, Carmen Bakovic, Telephone: +49 40 28415 500,
Email: ir@netlife.de, www.netlife.de.
end of ad-hoc-announcement (c)DGAP 16.07.2003
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WKN: 676390; ISIN: DE0006763907; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart
162146 Jul 03
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