freenet AG

Earnings Release • May 9, 2001

News Details

Ad-hoc | 9 May 2001 07:46

Ad hoc-Service: freenet.de AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– freenet.de AG strengthens its position as a leading online service * 12.73 million DEM Revenues for the first three months – up 53% from Q1/2000 * -6.795 million DEM Result from Ordinary Activities before Tax (IAS) in Q1/2001: Significantly increased from Q4/2000 (-21.15m DEM) freenet.de AG is asserting its strong market position among the leading online services. The number of members has skyrocketed, nearly sextupling from the previous year’s figure of 545,000 to 2.92 million. The number of active dial-in customers (households) has risen by 71% from 1.04 million (end Q1/2000) to 1.77 million at the end of March 2001. In all, active dial-in customers spent 3.4 billion minutes on the Internet with freenet.de during the first three months of this year – an increase of 135% over the 1.46 billion minutes spent during the same quarter of the previous year. Total revenues were up by more than 50 percent in Q1/2001 compared to the same period last year, from 8.32m to 12.73m DEM. Commissions from connectivity revenue increased from 5.93m DEM during the comparison period Q1/00 to 6.35m DEM Q1/2001. Compared with the previous quarter (5.88m DEM), connectivity revenue grew by 8 percent. Earnings from e-commerce commissions rose by 245 % during the first quarter, from 762,000 DEM (Q1/2000) to 2.63m DEM. The remarkable thing is that freenet.de AG was able to maintain the high level of e-commerce revenue set during Q4/2000 (2.67m DEM) for the first quarter of 2001 – despite the absence of Xmas business. First quarter advertising revenue rose from 1.63m DEM (Q1/2000) to 2.84m DEM – a significant increase of 74 percent. Advertising income has slowed down compared to the previous quarter (5.33m DEM), a reflection of the general market situation in advertising at present, which has also affected online services. Beyond this, freenet.de AG generated first quarter sales of 917,000 DEM in the newly created “B2B Services” business division alone. Result from Ordinary Activities before Tax (IAS) was also over plan – for the first quarter 2001, it amounted to -6.795m DEM as compared to – 21.15m during the previous quarter and -2.19m DEM in Q1/2000. For the first quarter 2001, the group loss according to IAS was -4.599m DEM as compared to nearly 12m DEM in the last quarter of the previous year. In Q1/2000, the result (IAS) was -1.21 million DEM. end of ad hoc announcement (c) DGAP 09.05.2001 ——————————————————————————– WKN: 579200; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart, Hannover 090746 Mai 01