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Ad hoc-Service: buecher.de AG englisch
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buecher.de strengthens its position as Number-Two book dealer
– Revenues in the first three quarters up four-fold from DM 1.4
million to DM 6 million
– More than 220,000 customers two months after the IPO; 50,000 book
orders per month.
– Significant conclusion of co-operation agreement with TOMORROW
Internet GmbH & Co. KGaA and the successful brands of the
Milchstrasse publishing group.
Munich, 15 September 1999 – buecher.de, Germany’s leading independent
Internet book dealer, has continued its success story two months
after the IPO on the Neuer Markt.
Revenues of the web-bookstore in the first three quarters of ’99 rose
to around DM 6 million; compared to DM 1.4 million over the same
period last year. This corresponds to a more than four-fold increase
in revenues. For the fourth quarter, with its extremely strong
Christmas order period, Chairman Richard Freiherr von Rheinbaben,
expects yet another hike in revenues which will exceed those of the
entire first three quarters of the year.
In the interim, buecher.de has amassed more than 220,000 regular customers,
who place 45,000 to 50,000 book orders per month. The height of such a virtual
pile of books would exceed that of the Eiffel Tower by a factor of three and
corresponds to the emptying of the shelves from nine or ten big-city bookstores,
which normally have around 5,000 titles in stock, buecher.de has almost 2.5
million ready-to-ship books in its cyber library – around 1.6 million of them
“new titles”, plus 850,000 antiquarian collectibles thanks to the recent
acquisition of Europe’s largest Internet-based antiquarian bookseller, ZVAB
(www.zvab.com).
buecher.de has posted another strategic success following the newly
agreed alliance with recently founded Hamburg-based TOMORROW Internet
GmbH & Co. KGaA. The innovative and successful Milchstrasse
publishing group has bundled its online products, which are top-
ranked among all German Internet publishing services, in TOMORROW
internet GmbH & Co. KGaA. The Milchstrasse Group has proven itself
the most successful magazine publisher of the last ten years and
publishes the strong-circulation titles Tomorrow, TV Spielfilm,
Cinema, Fit for Fun, Max, Amica and Bellevue, which boast a total 15
million readers per month. buecher.de and TOMORROW Internet GmbH &
Co. KGaA will co-operate extensively on books and online-bookstore
activities, buecher.de will, as an exclusive bookshop, expand
TOMORROW Internet GmbH & Co. KGaA’s online products, gaining numerous
new-customer contacts. buecher.de will, for its part, provide its
know-how to the editorial staff of the whole publishing group – for
example, in the form of rankings and themed specialist information.
“We are delighted to offer our partner, buecher.de, one of Germany’s
largest online platforms. In addition, we are able to expand the
information and service offering for our readers through this
alliance,” comments Christian Hellmann, Chairman of TOMORROW Internet
GmbH & Co. KGaA on the joint venture.
“We have used the July IPO and the months thereafter intensively to
continually expand the number-two position of buecher.de in the
German Internet book trade,” says Richard von Rheinbaben on the
status of young Internet company. The 39-year-old intends to
repeatedly surprise customers and shareholders “in the coming weeks
and months with aggressive marketing and acquisitions, both
domestically and abroad.”
Further information from:
buecher.de AG strittmatter & jacobs
-Julia Hofmann – communications und investor relations
Hofmannstraße 7a Bunzlauer Straße 1
81379 Munich 50858 Cologne
Germany Germany
Tel.: 49 089 724 414-0 Tel.: 49 02234 40 53 – 0
Fax: 49 089 724 414-44 Fax: 49 02234 40 53 – 40
e-mail: jh@buecher.de e-mail: info@suj.de
www.buecher.de
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