Netlife AG
Netlife AG english
Netlife announces interim figures for 2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Turnover and yields hindered by one-off effects in the fourth quarter; Orders on
hand up to approximately Euro5.9 million as at end of January; Financial
flexibility increased through additional loan capital;
Hamburg, February 14, 2003. Netlife AG (ISIN DE0006763907) has announced its
interim figures for the financial year 2002. According to provisional
calculations, group performance stood at minus Euro 4.5 million (previous year:
Euro 0.2 million). Earnings per share amounted to minus Euro 0.52 (previous
year: Euro 0.02). Group turnover totalled Euro 11.8 million. The company entered
the new financial year with outstanding orders of Euro 3.8 million (previous
year: Euro 3.9 million), a figure which had risen to approximately Euro 5.9
million as at the end of January 2003. Pressure on turnover and yields in the
fourth quarter essentially resulted from restructuring costs and one-off
effects. Thus, previously implemented and non-offsettable input-related
expenditure and restructuring costs totalling approx. Euro 1.8 million hindered
achievement of planned turnover and results. Liquid assets amounted to Euro 1.9
million as at the end of 2002. Within the scope of its long-term financial
strategy, the company has also utilised loan capital. This ensures that
acceleration of the ongoing expansion and additional technological development
of Netlife Finance Suite can remain on course as planned. To counter the
possibility of further low investment confidence on the part of financial
service providers, the Netlife Management Board had already introduced
additional measures in 2002, expanding the product range and giving it a more
flexible structure, in addition to adapting staff levels. Thus, the number of
employees as at 1.1.2003 stood at 109 (1.1.2002: 144). The full effect of these
measures will be positively reflected in results from January 2003.
The Management Board
For further information, please contact Netlife AG, Investor Relations, Carmen
Bakovic, Telephone: +49 40 28415 500, Email: ir@netlife.de, www.netlife.de.
end of ad-hoc-announcement (c)DGAP 14.02.2003
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WKN: 676390; ISIN: DE0006763907; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin,
Düsseldorf, Hamburg, Hannover und Stuttgart
142054 Feb 03
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