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ots Ad hoc-Service: i:FAO AG
i:FAO first quarter
2001 with Profit after Taxes
Ad hoc-announcement. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------
Frankfurt am Main (ots Ad hoc-Service) - i:FAO Three Months Figures 2001 with Profit after Taxes -Gross Profit decreased by 33% - Number of cytric Customers has grown by 194% - Consistent Concentration on Development and Sales of cytric is continued - EAT (Earnings after Taxes) EURO 821,383.00 - Operative Cash Flow EURO 1,460,124.00 - Balance Sheet Total grows to EURO 51,415,720.00 with an Equity Ratio of 93%.
Frankfurt, April 26, 2001 - i:FAO Aktiengesellschaft (WKN 622 452) makes results for the first three months in 2001 public. Europe's leading producer of business travel management software has achieved a Total Performance of EURO 1,196,718.00 . Because of the separation of the high revenue divisions eHotel and Travel Service and the change in reporting from gross to net figures the 2000 figures are not comparable. Earnings per Share are at EURO 0.14 with now 5,709,325 shares.
Key Figures (All figures according to IAS, in EURO, always January 1, through March 31, 2001)
Total Performance 1,196,718.00
Cash Flow, operative 1,460,124.00
Earnings per Share 0.14
Customers cytric 632
The Executive Management Board
Andrea Petry Manager Investor Relations, i:FAO Aktiengesellschaft Telephone +49 (69) 7680 5500, eMail email@example.com
Issuer's information/explanation remarks concerning this ad hoc announcement:
As already reported i:FAO has, in fiscal year 2000, separated the eHotel and cabana divisions from the company. In combination with the complete discontinuation of regular travel agency services this results in improved margins between revenue and profit. Gross sales for 2001 will, because of the separations of eHotel and Travel Service, be reduced by approximately EURO 15 million, while the gross profit will only be affected marginally and the operative results will be strengthened. From January 1, 2001 onwards i:FAO will discontinue to report - as usual in the travel industry - gross sales. This will adapt i:FAO Aktiengesellschaft's reporting principles to those of the software industry. The new reporting formats will also make certain that the dynamic growth in the cytric division is properly reflected in the published numbers.
The complete quarterly report is available from April 26, 2001, 11.00 am local time on our website at http://www.ifao.net for download as a .pdf file.
i:FAO is traded at the Neuer Markt of the Frankfurt Stock Exchange. Detailed information for investors is available on the Internet at http://www.ifao.net/ir. Additional information, graphics and pictures in high resolution are available in the press area of the i:FAO website at http://www.ifao.net
WKN: 622452; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart, Hannover
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