Pixelpark AG

ots Ad hoc-Service: Pixelpark AG Pixelpark announces its preliminary results for the short fiscal year 2000

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Berlin (ots Ad hoc-Service) - Pixelpark reports a preliminary (unaudited) total revenue of 55.0 Mio. Euro for the short fiscal year 2000 (01.07.-31.12.2000), corresponding to a year-on-year organic growth of 123%. Including the recently acquired companies, 2LU in Germany and K2 in France, which will be consolidated from January 1, 2001, tie pro-forma total revenue amounts to 63.1 Mio. Euro. The earnings before interest, taxes, depreciation and amortization (EBITDA) for the short fiscal year was approx. - 5.9 Mio. Euro. Including ZLU and KL2 EBITDA was -5.5 Mio. Euro. In the forth quarter (01.10.-31.12.2000) the preliminary (unaudited) total revenue amounts to 27.2 Mio. Euro, which shows a 82% growth over the respective quarter of the previous calendar year. For the forth quarter EBITDA was -5.4 Mio. Euro. The operating loss was attributable among other factors to the integration of 2LU and K2 in the reporting period and start-up-losses of new operations in Spain and Eastern Europe. Management has taken measures to increase efficiency, such as improvement of Pixelpark's project control. The company will also increase its regional focus on key European countries. The opening of a new office in Turkey will therefore be postponed. Going forward, our emphasis will be on profitable growth. The goal remains to achieve a positive EBTIDA for fiscal year 2001. We will publish our complete and audited account on March 27, 2001. End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Pixelpark AG, übermittelt durch news aktuell

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