029 Group SE

Earnings Release • Aug 28, 2001

News Details

Ad-hoc | 28 August 2001 08:12

Digital Advertising AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– digital advertising AG Outperforms Industry Expectations in the First Quarter / Group Revenues Increase by 74 Percent / Results Improve According to Plan Unterhaching, August 28, 2001. In the first three months of fiscal year 2001/02 (the company’s fiscal year ends on 31 March according to US GAAP), digital advertising AG increased revenues by 74 percent to the rounded figure of K3,642 euros (previous year K2,091 euros). The cost-focused business policy of the current fiscal year has already had a positive impact in the first quarter. Compared with the fourth quarter of the last fiscal year 2000/01, earnings before interest and taxes (EBIT) improved by K596 euros. This quarter’s EBIT amounts to negative K444 euros (previous year negative K508 euros), EBITDA to negative K140 euros (previous year negative K392 euros). Net loss for the period improved from negative K344 euros in the previous year to negative K268 euros in the period under review. As of June 30, 2001, the enterprise had K8,321 euros in cash and cash equivalents on hand. At 88.1 percent, the equity rate is roughly equivalent to the previous year’s level of 91.9 percent. The Group employed 232 personnel as of June 30, 2001, 193 of which were retained on a full-time basis and 29 of which were freelancer. 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 28.08.2001 ——————————————————————————– WKN: 513820; Index: Listed: Neuer Markt in Frankfurt/M.; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 280812 Aug 01