ebookers plc
ebookers.com PLC english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– London, England 04 October 2001 – ebookers.com (LSE: EBR, Nasdaq: EBKR, Neuer Markt: eb6), Europe’s No.1 online travel agency today announced a cost reduction programme following the US terrorist incident on September 11th and gives guidance on the impact of this incident on its financial position. Cost reduction measures ebookers is reviewing every aspect of its cost structure in order to ensure that the company remains competitive and flexible in the current travel environment. As part of the programme, ebookers has indicated to its staff that it is looking to reduce staff numbers by between 10 and 20 per cent. ebookers has over 700 full-time employees across 11 countries. Staff reduction forms part of a wider programme of cost reduction initiatives including a review of supplier contracts and of fixed costs and overheads. Third quarter results expected to be the best since 1999 flotation, despite US incident. Despite a substantial short-term impact on sales, ebookers expects to report a much lower third quarter loss when compared to the second quarter (ending June 30, 2001), representing a significant advance towards achieving positive cash flow. ebookers is due to announce its results for the third quarter period July-September 2001 on Monday 29th October. end of ad-hoc-announcement (c)DGAP 04.10.2001 ——————————————————————————– WKN: 928715; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; London 040731 Okt 01