PopNet Internet AG
Ad hoc-Service: Popnet Internet AG
Ad-hoc announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
——————————————————————————
PopNet Internet AG: Sales revenues up 251 percent in the first
nine months
PopNet Internet AG issues 9-month report / Over 200 percent
organic growth in core business / Establishment of PopNet
Consulting, Research and Venture
During the first nine months of this year, the PopNet Internet AG
succeeded in increasing its group sales to 12.21 million Euro,
a rise of some 251 percent compared with the equivalent period last
year. This sharp increase in turnover can be ascribed entirely
to organic growth and, in particular, to the dynamic development
of the PopNet Kommunikation GmbH & Co. KG, the e-business enabler
within the PopNet Group. The basis for business success was laid by
projects for major customers such as BMW and E.ON. As part of an
initial synergy project with PopNet Agentscape, the agent software
of the Berlin-based software developer was integrated successfully for
the Peek & Cloppenburg company.
The Group’s total earnings before interest and taxes (EBIT)
amounted to -11.76 million Euro at the end of the third quarter
of 2000. The commercial and strategic decision to terminate
the involvement in the Crossmedia GmbH’s periodical “Gold”
places a (non-recurrent) burden of 5.4 million Euro on the
results for the year. As reported previously, the PopNet
Internet AG had made provisions totaling 1.5 million
Euro for this eventuality. The balance (3.9 million Euro)
represents the non-recurrent writeoff for the Crossmedia GmbH,
in which the company had a 25 percent minority holding;
there will be no further cash drain in this sector.
Earnings before interest,taxes, depreciation and amortization
(EBITDA) at the end of the third quarter were -5.8 million Euro.
In line with the company’s strategic focus – optimization of the
digital value added chain – three new firms were founded in the
past quarter: the PopNet Consulting GmbH, the PopNet Research
GmbH and the PopNet Venture GmbH.
As part of the planned international expansion, the PopNet
Internet AG invested in the establishment of further
IT-subsidiaries in Kiev (Ukraine) and Mumbai (India) in the
third quarter. In the national and international IT sectors,
the acquisitions of the DD SYNERGY AG and the SaM-Service GmbH
in October will have a positive effect on the operating results
for the final quarter, serving to strengthen the market position
of the PopNet Group as a whole through the inflow of additional
capacities and know-how. As a result of these new firms being set
up within the PopNet Group, the size of the workforce has increased
accordingly. On September 30, 2000, the number of employees on the
payroll totaled 367. This steady growth in human resources (14 percent
in the past quarter compared with the same period in 1999) is set
to continue to the end of 2000 at least.
The PopNet Internet AG is also anticipating dynamic sales development
in its core business during the fourth quarter of the year, especially
in the case of PopNet Kommunikation. Optimization of the company’s
activities will involve a greater concentration on the growth sector
e-business. Against this background, the PopNet Group is striving to
reach break-even point in all its operational business units in 2001.
Any queries should be addressed to:
Investors:
Janice Buchholtz, Head of Investor Relations, Tel.: +49(0)40-27827-269,
Fax: +49(0)40-27827-199, Email:j.buchholtz@popnet.de
Media:
Kathrin Heider, Head of Corporate Communications, Tel.: +49(0)40-27827-149,
Fax: +49(0)40 – 27827-199, Email:k.heider@popnet.de
Internet: www.popnet.de
End of Message
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found