WWL Internet AG
WWL Internet AG english
WWL lowers expectations for current business year
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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WWL lowers expectations for current business year
Nuremberg, 09.08.2002. With provisional sales revenue of around EUR 3.3 million
for the first six months of the 2002 business year (HY1/2001: EUR 6.8 million),
WWL Internet AG (securities code 783010) sees little chance of achieving its
annual sales target of EUR 12 million. A provider of Internet services, WWL felt
the impact of persistent investment restraint in respect of e-business projects
during the second quarter of 2002 as well; sales for the quarter are expected
to come at EUR 1.6 million, well below expectations. This weakness in sales will
also be reflected in the first half-year result. The company expects earnings
before interest and tax (EBIT) for the first six months of this year to be
negative, at minus 3 million euros (HY1/2001: EUR -10.5 million). In view of
these mid-year figures, the company now expects total annual sales to range
between 8 and 10 million euros and for operations to become profitable again in
the course of next year.
WWL is countering the sustained drop in revenue with a new sales offensive.
Under the management of Jürgen Engler, the new CEO, the core competencies of the
company have been redefined more concisely in recent months; it has also been
decided to supply complex e-business solutions as “one-stop” turnkey solutions
by collaborating with relevant service providers in other fields. WWL will be
focusing on the trade and consumer goods industry as its main target group –
i.e. on companies that can immediately translate functional e-business into real
business transactions.
With cash and cash equivalents amounting to EUR 1.3 million as at 30 June 2002,
and with additional financial resources available from the most recent
investment commitment of EUR 1.4 million, the company continues to operate
strict cost-saving policies and is confident that it will survive the protracted
downturn in the economy.
For further information:
Schumachers AG für Finanzmarketing, Investor-Relationspartner der WWL Internet
AG, Claudia Schumacher, Telefon: +49/89/4892720, email: WWL@schumachers.net
end of ad-hoc-announcement (c)DGAP 12.08.2002
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WKN: 783 010; ISIN: DE0007830101; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover und Stuttgart
121519 Aug 02
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