euro adhoc: Lycos Europe N.V.
quarterly or semiannual financial statement /
LYCOS Europe closes first three months of 2007 with net profit of EUR 7.6
million
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
3-month report
24.04.2007
. Total revenues in first three months 2007 amount to EUR 20.0 million (+ 9
percent vs. last year)
. Net profit improves by 475 percent to EUR 7.6 million
. EBIT deteriorates by 65 percent to EUR (3.8) million vs. EUR (2.3)
million in reporting period 2006
. Gross margin reaches 60 percentHaarlem / Netherlands, April 24, 2007 - LYCOS Europe N.V., one of Europe's leading internet portals and online advertisers, today announced its results for the first quarter. LYCOS Europe reported a net profit of EUR 7.6 million in the first three months 2007 and by this outperformed last year's figure by 475 percent (EUR (2.0) million in first three months 2006). The main driver for this result was the successful sale of LYCOS Europe's Swedish access business. The discontinued operations contributed EUR 10.6 million to the net result.
Total revenues in the first three months 2007 amounted to EUR 20.0 million compared with EUR 18.3 million in last year's reporting period. The EBIT result deteriorated to EUR (3.8) million (vs. EUR (2.3) million in 2006) due to high Research & Development for new products like LYCOS iQ and Jubii. The gross margin slightly decreased to 60 percent compared to 62 percent in the first three months of 2006.
With a 58 percent share (EUR 11.6 million) of total revenues, the revenue stream of paid services & shopping has been the strongest contributor to total revenues, followed by advertising revenues with a share of 34 percent (EUR 6.8 million). Revenues from paid services & shopping as the strongest pillar grew by 35 percent compared with last year's first three months. Revenues from online advertising decreased by 16 percent compared with last year's reference period.
Interconnect revenues faced a 9 percent reduction which is mainly caused by an ongoing price drop in the German access market. On February 8, 2007, LYCOS Europe announced to consider the sale of its German access business. The company started discussions with several third parties who are interested in analysing a possible take over of the access business.
LYCOS Europe's cash, cash equivalents and deposits amounted to EUR 104.3 million on March 31, 2007, compared to EUR 93.3 million on December 31, 2006.
|In million Euro |Three months |Three months |Change | |(except per share data, |ended |ended | | |change and gross margin)|March 31, |March 31, | | | |2007 |2006 | | | |(unaudited) |(unaudited) | | |Total revenues |20.0 |18.3 |9% | |Gross profit |12.0 |11.3 |6% | |Gross margin |60% |62% |(3)% | | | | | | |Loss from operations |(3.8) |(2.3) |(65)% | |Net profit/(loss) |7.6 |(2.0) |475% | | | | | | |Net profit/(loss) per |0.02 |(0.01) |475% | |share in Euro | | | | |EBITDA |(2.3) |(0.8) |(178)% |
About Lycos Europe Lycos Europe (ISIN NL0000233195) is one of the leading Internet destinations operating a network of websites in seven languages in Europe and the USA. The company's combination of search, communication services, online communities,content channels, Internet access, shopping, homepage building and domain names registration addresses a wide range of target groups. The Lycos Europe Network provides an attractive medium not only for consumers but also for advertisers and e-commerce partners. Every month about 38 million users visit the Lycos Europe sites and also partner sites distributed by Lycos Europe. With a network of websites covering Austria, Denmark, France, Germany, Great Britain, Italy, the Netherlands, Spain, Switzerland and the USA, Lycos Europe has a large geographical reach in Europe and Northern America.
end of announcement euro adhoc 24.04.2007 07:59:36
Further inquiry note:
LYCOS Europe
Analyst Relations
Sascha Wittler
T: +49-(0)5241-80-71134
F: +49-(0)5241-80-671134
E: sascha.wittler@lycos-europe.com
Heike Meyer
Public Relations Manager
Telefon: +49(0)5241-80-71051
E-Mail: heike.meyer@lycos-europe.com
Branche: Software
ISIN: NL0000233195
WKN: 932728
Index: Prime All Share, Technologie All Share
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