Pixelpark AG

ots Ad hoc-Service: Pixelpark AG Pixelpark announces final figures for the short financial year Efficiency program presented

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Berlin (ots Ad hoc-Service) - The full-service Internet service provider Pixelpark is today announcing at the results press conference the final results for the short financial year from 1st July 2000 to 31st December 2000. In the final accounts, Pixelpark AG is correcting the preliminary revenue published on 2nd February 2001, revising it down from 55.0 to 52.3 million euros. The EBITDA loss rose to 10.0 million euros and the net loss for the year rose to 15.6 million euros. The reason for the decrease in revenue was the suspension of a project for a major customer, which was terminated at the customers request because of delays in deliveries. In addition, provisions to cover the related possible warranty risks have also burdened the pre-tax loss. In all, the losse and the decrease in revenue in the short financial year 2000 were caused by start-up losses for new sites, especially for Spain and Eastern Europe, integration costs of the recently acquired companies, the Centre for Logistics and Corporate Planning in Berlin (ZLU) and K2, and changes in customer demand. Based on the cost related to the efficiency program and the changes in customer demand, the results for the first quarter of 2001 are also expected to fall short of expectations. At the same time as the announcement of the results, Pixelpark AG is presenting its far-reaching efficiency program, which was initiated at the beginning of March. This program has the following main targets: - to achieve short- and midterm profitability in all regions, local offices and business units - to align staff resources according to order situation and utilization - to achieve a positive EBITDA by end 2001. End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Pixelpark AG, übermittelt durch news aktuell

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