029 Group SE

Earnings Release • Nov 20, 2001

News Details

Ad-hoc | 20 November 2001 08:09

Digital Advertising AG english

digital advertising AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– digital advertising AG: Six Month Figures for 2001/02 Unterhaching, November 20, 2001. In the first six months of fiscal year 2001/02 (end of fiscal year March 31, US-GAAP), digital advertising AG saw sales revenues increase by 24 percent to some 6,309k euros (previous year 5,101k euros). The volatile and challenging market environment had a major impact on second quarter 2001/02 sales revenues, which came to 2,667k euros (previous year: 3,009k euros). EBITDA for the first six months amounts to negative 2,373k euros (previous year: negative 893k euros), while EBIT totaled negative 3,786k euros (previous year negative 1,172 k euros). The cash drain affecting the company’s liquidity amounted to 566k euros. Next to the difficult market environment, costs owing to the comprehensive “fit for future” program and reported as reserves and special depreciation allowances figured prominently, diminishing the company’s results for the period. The restructuring program is geared exclusively towards attaining the breakeven point in the fourth quarter of the current fiscal year as well as subsequently securing the long-term profitability of digital advertising AG. As of September 30, 2001, the enterprise had 7,755k euros in cash and cash equivalents (June 30, 2001: 8,321k euros) on hand. Contact: Denise Sinnhuber Phone: +49 (89) 61 534-160 Elisabeth Gröschel Phone: +49 (89) 61 534-161 digital advertising AG Biberger Straße 93 D- 82008 Unterhaching Germany Fax: +49 (89) 61 534-101 E-mail: aktie@da-ag.com The Executive Board end of ad-hoc-announcement (c)DGAP 20.11.2001 ——————————————————————————– WKN: 513820; Index: Listed: Neuer Markt in Frankfurt/M.; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 200809 Nov 01