029 Group SE

Earnings Release • Apr 18, 2002

News Details

Ad-hoc | 18 April 2002 08:38

MatchNet PLC english

MatchNet surprises with record revenues in the first quarter 2002 Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MatchNet surprises with record revenues in the first quarter 2002 Business model successfully implemented Frankfurt, 18. April 2002 MatchNet plc (Neuer Markt: MHJG) (WKN 545.430), a leading global online dating company, announces a significant growth both in revenues and earnings in the first quarter 2002. The revenues in the first quarter 2002 amounted to EUR 4,835,787 (previous year EUR 1,866,691). This is an increase of 159 %. In the first quarter the EBITDA was EUR 1,244,760 (previous year: EUR minus 1,292,796.). The net income rose in the first three months to EUR 1.050.670 (previous year EUR minus EUR 2.186.822), or an earnings per share of 6 Eurocents. The essential reason for this positive development was the successful implementation of the new business model, which has made MatchNet one of a few profitable online-service providers world-wide. Contact: Elmar Bob (elmar@matchnet.com) Tel.:+49 69 7409 3788 MatchNet plc Arndtstrasse 51 D-60325 Frankfurt am Main Germany end of ad-hoc-announcement (c)DGAP 18.04.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: About MatchNet plc Incorporated in England in 1998, MatchNet plc is a publicly traded Internet company, quoted on the Frankfurt Stock Exchange, and is one of the largest and most profitable providers of global online dating and relationship services. The MatchNet network includes AmericanSingles.com, MatchNet.de, MatchNet.co.uk, and MatchNet.com.au. In addition the company operates JDate.com & JDate.co.il, the dominant Jewish dating services world-wide and Gay11.com, a leading online dating service for relationship-minded gay men and women, MatchNet’s network of websites enjoys a combined membership exceeding 6 million world-wide. MatchNet currently earns its revenue from recurring membership subscription fees and special events. More information on the Company as well as the annual report is available at http://www.matchnet.com. ——————————————————————————– WKN: 930129; ISIN: US5766601042; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 180838 Apr 02