Netlife AG
Netlife AG english
Netlife on plan with operating result for the first quarter of 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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2.84 million EUR turnover yields operating result of minus 0.48 million EUR;
IT investment environment in financial services sector remains difficult;
2002 cost reduction measures take effect in operating result slightly above
plan;
Hamburg, 12 May 2003. Netlife AG, Hamburg (ISIN DE0006763907), achieved
operating result of minus 0.48 million EUR for the first quarter of 2003 from a
turnover of 2.84 million EUR (previous year: 3.52 million EUR). Thus, operating
result remained at the previous year’s level (previous year quarter:minus 0.49
million EUR). The reluctance of the financial services sector to invest in IT
has continued throughout the current year.
Netlife AG had previously implemented various measures throughout last year in
reaction to the difficult market environment and improved the company’s cost
structure. These measures are now visibly impacting on the current year, thus,
results for the first quarter of 2003 were slightly above those planned by the
Management Board. As at the end of the quarter, liquid assets amounted to 1.62
million EUR and were only slightly below the levels of the previous year’s
quarter and year-end 2002.
The Management Board
end of ad-hoc-announcement (c)DGAP 12.05.2003
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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
122044 Mai 03
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