euro adhoc: Lycos Europe N.V.
Financial Figures/Balance Sheet
LYCOS Europe
with preliminary financial expectation for Q3/2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
26.09.2006
Haarlem/Netherlands, September 26, 2006. LYCOS Europe N.V. (ISIN NL000023319), one of Europe's leading portal providers and online advertisers, accelerates its strategic alignment as a provider of portal services and paid services & shopping solutions. Following its strategy to focus on profitable growth in the portal business and paid services & shopping arena LYCOS Europe is in an advanced state of negotiations about the sale of its Swedish entities which are mainly driven by the access business of the LYCOS Europe subsidiary Spray. LYCOS Europe is confident to have the negotiations finalized in the coming months.
Against this background, LYCOS Europe clearly accelerated its activities in the field of mergers & acquisitions in the past months. In this regard LYCOS Europe is in the process of a close examination of opportunities to strengthen its business in the field of paid services & shopping. Mainly due to higher consultancy costs as a one time effect as well as due to revenues below expectations caused partly by a weak summer season, LYCOS Europe expects its results for the third quarter of 2006 as follows: Turnover between EUR 27 million and EUR 30 million; EBIT between EUR (5.0) million and EUR (6.5) million; net result between EUR (4.0) million and EUR (5.5) million.
LYCOS Europe N.V. will present the complete report for the first nine months and the third quarter of the current fiscal year on Tuesday, October 24, 2006.
end of announcement euro adhoc 26.09.2006 07:56:25
Further inquiry note:
Kay Oberbeck
Director PR & IR
Tel.: +49 (0)5241/80-71055
E-Mail: kay.oberbeck@lycos-europe.com
Branche: Software
ISIN: NL0000233195
WKN: 932728
Index: Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade