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ots Ad hoc-Service: WEB.DE AG
WEB.DE Quarter II
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Karlsruhe (ots Ad hoc-Service) -
WEB.DE Quarterly report - sales targets exceeded by 150%, user numbers almost double.
WEB.DE AG, Karlsruhe, the operator of the Internet portal WEB.DE and a provider of e-mail and communications services, expanded its operations substantially in the second quarter and exceeded the targets set in the course of its IPO several times over.
Business developments In the second quarter of 2000, the WEB.DE group generated sales revenue amounting to EUR 4.403 million as opposed to EUR 1.543 million in the first quarter of 2000 and EUR 0.847 million in the comparable period of the previous year. This represents an increase of 185% as against the first quarter of 2000, and one of 520% as against the second quarter of 1999. In addition, this sales revenue is 150% up on the Q2 targets published at the time of the IPO.
The positive development in sales led to a reduction in the net loss for the second quarter of 2000 to EUR 4.679 million, as opposed to EUR 7.673 million in the first quarter of 2000. The quarter-on-quarter net loss thus declined significantly, despite forward-looking marketing expenses amounting to EUR 8.237 million, which increased for seasonal reasons.
Whereas the result for the first quarter of 2000 after adjustment for marketing expenses was still a negative EUR 0.317 million, a profit of EUR 3.76 million before marketing investments and amortization of goodwill was generated for the second quarter.
Key Internet figures The rapid growth in the first quarter of 2000 continued in the second quarter. The number of page impressions rose from 108 million in March 2000 to 152 million in June 2000. The number of registered users nearly doubled from roughly 880,000 in March 2000 to 1.5 million at the end of June 2000. In the second quarter of 2000 WEB.DE overtook competitors T-Online.de, Yahoo.de, and Lycos.de to assume the lead in terms of gross unique pages and stickiness according to MMXI Europe's online media audience rating.
Human resources developments WEB.DE was able to substantially increase its workforce in the past quarter. The group employed a total of 217 people as at 30 June 2000, as opposed to a mere 76 on 31 March 2000. This growth, which is partly organic and partly due to acquisitions, has significantly strengthened the group's development, producing, sales and marketing resources. WEB.DE's new human resources capacity offers a strong basis for achieving its strategic product, market and sales targets in the coming months.
The expansion in employee numbers and the strategic participations and acquisitions made in the course of the current quarter have laid a solid foundation for further dynamic growth. These efforts, together with the successful first half of 2000 will enable WEB.DE to exceed substantially the original sales estimates of EUR 9.4 million for 2000 made at the time of the IPO.
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