CARRIER 1 INTERNATIONAL S.A.
Carrier 1 S.A. english
CARRIER1 REPORTS THIRD QUARTER 2001 RESULTS
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Total revenue of $87.0 million, up 14% from third quarter of 2000 and down 19%
from Q2 2001; EBITDA loss of $45.7 million, including bad debt expenses of $2.2
million; VAT refunds received approaching $32.0 million, bringing total cash to
$133.7 million; Total impairment charge for network assets of $396.4 million
Zurich, November 14, 2001. Carrier1 International S.A. (Neuer Markt: CJN;
NASDAQ: CONE) today announced its financial results for the third quarter ended
September 30, 2001. The company reported third quarter revenue of $87.0
million, compared with revenue of $76.6 million for the third quarter 2000 and
$108 million for the second quarter of 2001. EBITDA (defined as earnings
before interest, taxes, depreciation, amortization, restructuring, impairment
of long-lived assets, foreign currency, exchange gains or losses, other income
or expense and extraordinary items) was a loss of $45.7 million, compared with
an EBITDA loss of $8.5 million for the third quarter of 2000 and a loss of
$29.9 million for the second quarter of 2001. The net loss for the current
quarter was $495.1 million compared with a net loss of $30.6 million for the
third quarter of 2000. As of September 30, 2001, total restricted and
unrestricted cash and marketable securities were $133.7 million, including
value-added tax (VAT) refunds approaching $32 million received during the third
quarter of 2001 from various government related entities. Capital expenditures
in the third quarter of 2001 were $17.1 million, compared to $109.2 million and
$43.8 million in the first and second quarter of 2001, respectively.
For information, please contact:
Helene Baril; Carrier1; Director Investor Relations; helene.baril@carrier1.com;
Tel: +41 1 297 2615
end of ad-hoc-announcement (c)DGAP 14.11.2001
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WKN: 932 485; Index: NEMAX 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
140731 Nov 01
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