mediantis AG
mediantis AG english
Quaterly figures of mediantis
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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mediantis AG: Substantial improvement in operating result during first three
quarters; sales growth below expectations
Munich, October 30, 2001. – In the first nine months of 2001, mediantis AG
achieved a substantial improvement in its operating result. The EBIT operating
loss was reduced by 28% to DM -14.2 million (Q1-Q3/2000: DM -19.8 million). The
EBIT margin improved from -78% to -55%. EBITDA improved 40% to DM -10.1 million
(DM -16.9 million). The EBITDA margin was -39% compared to -66% for the same
period in 2000. This encouraging improvement in operating result is primarily
attributable to the radical reduction in marketing expenses by around 60% to DM
5.7 million and to the substantial increase in gross margin from 25% to 34%.
Sales growth of 3%, to DM 26.2 million, was considerably less than expected,
however. A negative financial result had a corresponding impact on the overall
result. Despite the positive financial result of just under DM 50,000 achieved
in the third quarter, the total figure for the first three quarters came in at
DM -7.2 million. The overall Q1-Q3/2001 result was therefore DM -21.4 million.
As reported on several occasions already, the mediantis AG Shareholders’
Meeting on October 31, 2001 will vote on authorization for the Management Board
to sell the online bookselling business of mediantis AG and to wind up the
company.
Contact:
mediantis AG, Julia Hofmann, T: +49 (0)89-724414128, F : +49 (0)89-724414119,
pr@mediantis.de; http://www.mediantisag.de
end of ad-hoc-announcement (c)DGAP 30.10.2001
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WKN: 528 520; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
302048 Okt 01
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