Netlife AG
Netlife AG english
Netlife AG concludes 2001 with positive performance
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Group performance: plus 0.15m Euro (previous year minus 15.82 million Euro);
Turnover growth in difficult economic environment;
Significant increase in sales and profit anticipated for 2002;
Hamburg, 06 March 2002. The financial year 2001 saw Netlife AG (SIN 676390),
Hamburg, return a profit for the first time in its history. According to
preliminary calculations group profits rose to 0.15 million Euro (previous year:
minus 15.82 million Euro). This represents an earnings rise of 15.97 million
Euro as compared with the preceding year. Net earnings per share improved to
0.02 (minus 2.03) Euro. Group sales reached a peak of 15.73 million Euro. On a
comparable basis, this corresponds to an increase of 8% on the preceding year.
Group sales of 19.37 million Euro in the previous year had included a string of
loss-making foreign activities from which the company has now withdrawn.
This distinct turnaround in performance stems from the streamlined cost
management, significant increases in productivity as well as from focusing on
the core business in central Europe. These measures also had an impact in the
fourth quarter despite the depressed economic environment. The group performance
improved in the fourth quarter by 4.08 million Euro to minus 0.23 million Euro
(previous year quarter: minus 4.31 million Euro). Fourth quarter group sales
reached 3.34 million Euro. The previous year’s quarterly sales of 4.42 million
Euro similarly included foreign activities. In view of a strong interest in the
products and services provided by Netlife, the executive board anticipates
further significant increases in sales and profit for 2002.
Contact:
Netlife AG, Christel Feederle, CEO, Hamburg
Phone: +49 40 284 15 500, Email: feederle@netlife.de,
Internet: http//www.netlife.de
end of ad-hoc-announcement (c)DGAP 06.03.2002
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WKN: 676390; ISIN: DE0006763907; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
060839 Mär 02
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