WWL Internet AG
WWL Internet AG english
WWL publishes business results for 2001
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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WWL publishes business results for 2001
.Turnover 2001: EUR 12.3 m (previous year: EUR 17.2 m)
.EBIT 2001: EUR -14.1 m (previous year: EUR – 27.2 m)
.Investors assure further financing
Nuremberg, 19 April, 2002. WWL Internet AG (WKN 783010) achieved its performance
targets for fiscal 2001 with sales revenues of EUR 12.3 million. Turnover for
the year is down on fiscal 2000, almost exclusively due to the Internet service
provider having consistently eliminated all activities outside its core business
area. Thanks to comprehensive restructuring measures, it was possible to reduce
the negative EBIT to EUR 14.1 million, nearly half the previous year’s figure.
Monthly expenditure, on average EUR 4.1 in the first quarter of the period under
report, fell to around EUR 1.6 million in the fourth quarter. On the other
hand, the overall result had to bear high non-recurring expenses due to
reductions in personnel and material costs.
In spite of the successful restructuring measures, the slack business conditions
prevailing at the start of the current fiscal year required greater cash
reserves than originally planned. This meant that without additional financial
resources, cash problems in the second half of 2002 could not be ruled out,
which affected completion of the annual statement of accounts. While investors
had assured their participation in further capital measures some weeks ago,
negotiation of the legal details led to unforeseen delays. Now, XL-Venture GmbH,
a venture capital company 80 per cent financed by the Swiss Beisheim Group, and
Syncotech Invest B.V. have pledged WWL Internet AG funds amounting to just
under EUR 1.5 million. By strengthening their commitment for the third time
within a year, the two strategic investors are demonstrating their trust in the
eBusiness service provider. The company’s future is thus assured and the annual
statement of accounts will be completed at once.
For further information:Schumacher’s Aktiengesellschaft für Finanzmarketing
Investor Relations Partner of WWL Internet AG, Claudia Schumacher,
Telephone: +49 89 489272-20, Telefax: +49 89 489272-12, wwl@schumachers.net
end of ad-hoc-announcement (c)DGAP 19.04.2002
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WKN: 783 010; ISIN: DE0007830101; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
191500 Apr 02
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