029 Group SE

Earnings Release • Jul 2, 2001

News Details

Ad-hoc | 2 July 2001 07:31

MatchNet PLC english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MatchNet reaches profitability – EBITDA margin at 28.3% MatchNet PLC (MHJG: Frankfurt Stock Exchange – Neuer Markt), one of the largest global online dating service providers, announced a consolidated net profit of EUR 100,857 on a turnover of EUR 1,076,661 for the month of May 2001. Earnings before interest, taxes, depreciation and amortization (EBITDA) were EUR 304,783 which corresponds to a net revenue margin of 9.4% or an EBITDA margin of 28.4%. EBITDA for April 2001 was EUR 122,172. The optimization of revenue and marketing (82% of turnover came from membership fees), as well as the implementation of technical strategies to reduce over- head costs were cited as the main reasons. Based on accumulated membership of over 3.6 million worldwide, reflecting the positive effect of the SocialNet acquisition, the company expects further positive developments during the year. WKN: 930129; Index: NEMAX All Share, NEMAX Entertainment & Medien Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart end of ad hoc announcement (c) DGAP 02.07.2001 ——————————————————————————– WKN: 930129; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 020731 Jul 01