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 ends association with “Gold”
Concentration on e-business growth market
Positive turnover trend continues in third quarter
PopNet Internet AG is ending its association with
Crossmedia GmbH’s Internet magazine “Gold”, in which
it holds a 25% minority stake. The magazine is
ceasing publication with immediate effect and the
company, Crossmedia, will be wound up. The decision
to stop publishing “Gold” is an economic one, but a
strategic one too in view of the future orientation
of PopNet Internet AG. The focus will now be on the
company’s core e-business and on concentrating
investment on appropriate, profitable, future-
oriented business fields.
PopNet Internet AG’s success in its core business is
reflected in the preliminary figures. They show group
turnover in the third quarter to have increased by
roughly 156% on the year to approx. 4.2 million
euros. Preliminary figures show turnover of PopNet
Internet AG in the first nine months of 2000 to have
totaled roughly 11.8 million euros (+252%). Ebitda at
the end of the third quarter will be as per plan,
about -4.1 million euros, including investment in
strategic, future-oriented business fields.
The one-off depreciation in respect of the holding in
Crossmedia GmbH for the current financical year will
amount to roughly 3.9 million euros, as against a
planned loss of 3.1 million euros. The impending
liquidation of Crossmedia is expected to entail an
additional one-off burden on results totaling a
maximum of 1.5 million euros. On account of the
company’s at-equity consolidation, ceasing will have
no negative effect on turnover planning at PopNet
Internet AG in the current or next financial years.
PopNet Internet AG has liquid funds totaling 15.9
million euros at its disposal.
Contacts:
For investors: Janice Buchholtz, Tel: +49-(0)40-27827-
269
e-mail: j.buchholtz@popnet.de
For the media: Susanne Jesche, Tel: +49-(0)40-27827-
141
e-mail: s.jesche@popnet.de
End of Message
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found