029 Group SE

Earnings Release • Dec 5, 2001

News Details

Ad-hoc | 5 December 2001 08:29

MatchNet PLC english

Matchnet raises 2002 EBITDA forecast by 30% Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Matchnet raises 2002 EBITDA forecast by 30% Frankfurt/Main, 5. December 2001 MatchNet plc (MHJG: Frankfurt Stock Exchange – Neuer Markt), one of the world’s largest online dating service providers, announced today that it would raise its EBITDA (earnings before interest, tax, depreciation and amortization) forecast for 2002 from US$ 5 million to US$ 6.5 million. Reasons given were the significantly better return on the company’s marketing expenses, i.e. turning members into paying subscribers as well as a further sustainable trimming of overhead expenses. The Management also reported a continuation of the positive trend in Q4 of 2001 thus underlining its expectations for higher earnings next year. IR Contact: Elmar Bob Phone.: (69) 74 09 37 88 Fax: (69) 74 09 37 87 E-Mail: elmar@matchnet.com URL: http://www.MatchNet.com end of ad-hoc-announcement (c)DGAP 05.12.2001 ——————————————————————————– WKN: 930129; ISIN: US5766601042; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 050829 Dez 01