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artnet AG — Earnings Release 2001
May 21, 2001
37_rns_2001-05-21_ddf3c1c4-ca19-438b-affa-f183b3f87a3b.html
Earnings Release
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News Details
Ad-hoc | 21 May 2001 08:17
Ad hoc-Service: artnet.com AG english
Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– artnet.com announces results for first quarter 2001 Announcement in accordance with paragraph 15 of German Securities Law (WpHG) Frankfurt, May 21, 2001 – artnet.com, the leading web site for art information and e-commerce, announces an increase in sales as monthly costs decrease for the quarter ended March 31, 2001. Revenue reached $1,255,000 for the quarter, an increase of 59% over the first quarter 2000 level of $788,000. Cash operating expenses were $2,383,000 in the three months, down from $4,004,000 from the fourth quarter of 2000, demonstrating the effects of cost- cutting activities and the completion of infrastructure development. Company is anticipating a small profit in EBIT in May, reaching breakeven. Note: The full text of the first quarter report is available on artnet.coms web site at http://www.artnet.com Contact persons for artnet.com: Hans Neuendorf Chief Executive Officer 61 Broadway, 23rd Floor New York, NY 10006 [email protected] Tel.: 001-212-497-9700 x638 Fax: 001-212-497-9707 Further information from: Doris Pfaff Schillerstrasse 3 60313 Frankfurt am Main [email protected] Tel: +49-69-9130 120 Fax: +49-69-9130 1279 end of ad hoc announcement (c) DGAP 21.05.2001 ——————————————————————————– WKN: 690950; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 210817 Mai 01