Netlife AG
Netlife AG english
Netlife increases incoming orders during the first half year by more than 50 %
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Netlife increases incoming orders during the first half year by more than 50 %
Orders on hand increase during first half-year by about 70 %; Results of first
half-year of minus 941,000 EUR; Significant improvement in cash flow in the
second quarter
Hamburg, 30th. August 2002. The Netlife AG, Hamburg, is currently experiencing
an increase in growth. During the first half-year 2002 the company has increased
its incoming orders in comparison to the same period the previous year by more
than 50 % to 12.28 million EUR. It was able to increase its orders on hand as of
30.06.02 by around 70 % to 8.60 million EUR compared with the figure at the
same date of the previous year. For this reason Netlife is looking ahead with
confidence to the second half of the year. There is a slight positive new trend
in bank investment activities. Furthermore the consolidation on the market for
software solutions for banking and brokerage is having a most advantageous
effect on Netlife.
The first months of the first half-year were still affected by the weak economic
development and by investment reluctance. However, towards the end of the
period covered, the number of orders received was on the increase. Turnover and
results developed during the review period within the bounds of the general
trend in the IT sector. During the second quarter of the current business year
2002 Netlife, with a turnover of 4.06 million EUR (previous year: 4.37 million
EUR), achieved a result of minus 451,000 EUR (previous year: 366,000 EUR). The
first half-year closes with a turnover of 7.58 million EUR (previous year: 8.84
million EUR) and a deficit of 941,000 EUR (previous year: 381,000 EUR).
The continued consistent cost management and the healthy development of Netlife
is also reflected in the balance-sheet total which shows an unchanged high
equity ratio of 54.4 % (previous year: 54.1 %). There are still no bank loans or
overdrafts.
Please direct any queries concerning the above notice to Netlife AG, Investor
Relations, Tel. 040 284 15 500, Email: ir@netlife.de
end of ad-hoc-announcement (c)DGAP 30.08.2002
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WKN: 676390; ISIN: DE0006763907; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
302044 Aug 02
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