German Values Property Group AG

Earnings Release • Nov 20, 2002

News Details

Ad-hoc | 20 November 2002 08:32

Travel24 Com english

Travel24.com AG reaches break even Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Travel 24.com AG reached break even in Q3 on a quarterly basis in its earnings from ordinary activities. The Q3 2002 earnings from ordinary activities amount to EUR +981 after a loss of EUR -4,486,530 in the third quarter of the previous year. This development stems from both considerably reduced operating expenses (Q3 2002: EUR 1,251,101; Q3 2001: EUR 9,286,863) as well as from a focus on the online travel market; in addition, unprofitable business segments were discontinued. With a total transaction value of EUR 28 m, the group posts a loss of EUR -0.48 per share for the first nine months of 2002. The Board of Directors had originally scheduled break even for Q4 2002. end of ad-hoc-announcement (c)DGAP 20.11.2002 ——————————————————————————– WKN: 748750; ISIN: DE0007487506; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 200832 Nov 02