029 Group SE

Earnings Release • Feb 19, 2002

News Details

Ad-hoc | 19 February 2002 08:05

Digital Advertising AG english

digital advertising AG: Nine Month Figures for 2001/02 Are In Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– digital advertising AG: Nine Month Figures for 2001/02 Are In Unterhaching, February 19, 2002. During the third quarter of fiscal year 2001/02 ending on March 31 according to US GAAP, digital advertising AG concluded its restructuring campaign. Net of extraordinary expenses in the amount of EUR 2,379k, third quarter earnings before interest and taxes came to EUR negative 1,298k (previous year: EUR negative 1,346k). In the first nine months, digital advertising AG increased sales revenue by approximately six percent to EUR 8,682k (previous year: EUR 8,208k). With third quarter sales revenue amounting to EUR 2,373k (previous year: EUR 3,107k), customers’ continued reluctance to invest had a significant impact on third quarter performance. EBITDA came to EUR negative 5,688k in the first three quarters (previous year: EUR negative 1,871k), while net loss amounted to EUR negative 7,052k for the period (previous year: EUR negative 1,840k). Cash and cash equivalents increased from EUR 7,755k at the end of September 2001 to EUR 7,932k at the end of December 2001. The d