mediantis AG
mediantis AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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mediantis AG/buecher.de: Operating result in
first quarter improved by almost 40 percent
Munich, May 28, 2001 – In the first quarter of 2001, mediantis AG / buecher.de
achieved a significant improvement in its operating result with strong growth in
sales as well successfully implementation of measures aimed at reaching
profitability.
Sales amounted to DM 10.5 million, thus exceeding by 35 percent the figure for
the first quarter of 2000. At the same time, EBITDA was substantially improved
relative to the same quarter last year by almost 40 percent to DM – 3 million.
As the ratio of EBITDA to sales indicates, the operating expenses of the company
are being increasingly covered by sales revenue: the ratio was reduced from -64
percent to -29 percent. EBIT improved by almost 25 percent to DM -4.4 million.
Net income/loss from interest was DM -1.2 million. The result for the quarter
thus totaled DM -5.6 million. As at March 31, 2001, mediantis AG/buecher.de had
high cash reserves of around DM 30 million.
The factors accounting for the positive development of the company’s cost
structure are found particularly in the increased marketing efficiency and the
improvement of margins on the purchasing side. Despite greatly reduced marketing
expenditure during the first quarter, mediantis/buecher.de raised still further
the high level of awareness for the company in the market from well over 50
percent of German Internet users. This is attributable, among other aspects, to
successful direct marketing campaigns and to new partnerships with media
companies such as ProSiebenSat1 Online Network, MTV, Kinowelt and handy.de.
The measures announced by mediantis/buecher.de for reaching profitability are
already taking effect. The future development of the company is clearly focused
on this goal.
Quarterly report: www.mediantis.de or can be requested from:
mediantis AG, Tel.: ++49+89-724414-128,email: pr@mediantis.de
end of ad hoc announcement (c) DGAP 28.05.2001
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WKN: 528 520; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
280800 Mai 01
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