broadnet mediascape communications AG
euro adhoc: broadnet mediascape communications AG
Quarterly or Semiannual Financial Statements
broadnet mediascape presents nine months figures: Growth in turnover after take over of KKFnet; further improvement of EBITDA compared to previous year (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Hamburg, November 19th, 2002 - For the first nine months of the current year broadnet mediascape reported turnover of TEUR 10,153 (same period 2001: TEUR 6,857); this is an increase of 48.1% against the same period last year. The turnover of TEUR 4,612 (previous year: TEUR 2,478) for the third quarter - which is an increase of 86.1% compared with the second quarter - is due to the initial consolidation of KKFnet revenues. EBITDA for the months January to September was negative at minus TEUR 4,272 (same period of the previous year: minus TEUR 6,882). This is an improvement in the results from operations of 38.0% compared to the same period of last year. Due to restructuring after take over of KKFnet and due to merger related costs, EBITDA dropped by 22 % from minus TEUR 1,274 in the second quarter to TEUR 1,557 in the third quarter. The integration of KKFnet AG staff in broadnet mediascape has had a decisive impact on the development of the company's results from operations from July to September. Expenditure for integration of the technical infrastructure also had an impact on the company's EBITDA (plus 81.1 %). As at September 30, 2001, EBIT was minus TEUR 7,288, compared with minus TEUR 13,202 in the previous year. Between January and September 2002 broadnet mediascape invested TEUR 3,189 in infrastructure expansion (previous year: TEUR 6,125). As in the previous quarter, spending on infrastructure expansion decreased considerably. In the first nine months of the current year the Group's capital expenditure for technical and office equipment amounted to TEUR 173 (previous year: TEUR 1,027) and TEUR 484 (previous year: TEUR 822) for intangible fixed assets. Between January 1 and September 30, 2002, the Group's total capital expenditure was TEUR 3,846, which is less than half the amount invested in the same period of last year (TEUR 7,974).
end of announcement euro adhoc 19.11.2002
Further inquiry note:
Sophie Lindemann Tel.: +49-40-668610-0
Branche: Software
ISIN: DE0005490866
WKN: 549086
Index: Nemax All Share
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Frankfurter Wertpapierbörse / Neuer Markt