PopNet Internet AG
PopNet Internet AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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PopNet Internet AG: Positive development of corporate turnover in first quarter
2001 / Additional financing secured
PopNet Internet AGs focus on the core business shows its first successes, which
are manifested in the figures for the first quarter 2001: In comparison to the
last quarter, an increase of turnover of 1,63 Mio. Euro to 11,23 Mio. Euro
could be realised. This corresponds to an increase of turnover of 17 %, which
resulted from organic growth alone. This positive development was made possible
mainly due to the realisation of large customer projects for companies such as
the Deutsche BA, VIAG Interkom Online and Nestle Deutschland AG. The earnings
before interest, taxes, depreciation and amortisation (EBITDA) amounts to minus
1,52 Mio. Euro at the end of the first quarter (plan: minus 2,05 Mio. Euro) with
an earning before interest and taxes (EBIT) of minus 2,60 Mio. Euro (plan:
minus 3,07 Mio. Euro). Therewith the losses in terms of EBITDA and EBIT have
fallen by 26 % and 15 % respectively, lower than planned. With the decision last
autumn to focus on the profitable service-providing business, a strategic
restructuring program was introduced, which is successfully being pursued.
Related to 2001, PopNet expects cost-savings of approximately 5,5 Mio. Euro
which represent 12,5 % of total costs p.a. The mid-term financing has been
guaranteed with a significant extension of credit line up and beyond the
company’s break-even point. With this result, the company retains its declared
target of reaching break-even this year.
The complete report of the first quarter 2001 will be published on the web-site
http://www.popnet.de.
Contact
Investors: Janice Buchholtz, Head of Investor Relations,
Tel.: +49 (0)40 2 78 27 269, eMail: j.buchholtz@popnet.de
Media: Kathrin Heider, Head of Corporate Communications,
Tel.: +49 (0)40 2 78 27 149, eMail: k.heider@popnet.de
end of ad hoc announcement (c) DGAP 01.06.2001
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WKN: 622810; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
010842 Jun 01
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