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Karlsruhe (ots Ad hoc-Service) -
-Sales: growth by EUR 8.4 million to EUR 11.9 million -
Net loss for the year: EUR 28.5 million -Strongest user growth
amongst all competitors on the German portal market -Registered
users: growth by EUR 2.7 million to EUR 3 million -EUR 168.4 million
still available from issuing proceeds after extensive funding of
WEB.DE AG hereby announces a preliminary indication of the
corporate group's results for the 2000 financial year. WEB.DE AG
emphasizes that these results are only initial results on the basis
of current information. Deviations may arise between these figures
and the audited figures, which are to be published on March 15, 2001.
WEB.DE AG, has increased its sales from EUR 3.5 million in 1999 to
EUR 11.9 million in 2000. The sales development thus exceeded the
expectations issued at the IPO in February 2000.
The expansion strategy announced at the IPO has been consistently
implemented. The marketing investments made to boost the growth of
coverage and user base (EUR 26.9 million) are the main reasons for
the net loss of EUR 28.5 million for the entire 2000 financial year.
Expenditure for research and development amounted to EUR 10.6 million
in the year under review.
The number of corporate employees was increased from 45 at the end
of 1999 to 355 as at 31 December 2000, not least due to acquisitions.
Human resources, especially in Research & Development, were expanded
at a much higher rate in the 2000 financial year compared to
predictions issued on going public in February 2000. This sound basis
should pathe the way into a very successful future.
1.5 million registered users were predicted for the end of the
year on going public. However, expectations were again outstripped
with 3 million registered users as at 31 December 2000. At present,
WEB.DE is growing at a rate of over 400,000 registered users a month.
According to MMXI Europe, WEB.DE was able to increase its coverage of
@home users from 7.9% to 25.3% over the past 12 months, thus becoming
the German Internet portal with the fastest growth. Where usage
intensity and stickiness are concerned, WEB.DE was able to take the
lead in the German portal market in 2000 ahead of its competitors.
Influenced by the weak German online advertising market, sales for
Q4 2000 amounted to EUR 3 million, reflecting the level of Q3 2000
but up by EUR 1.7 million as against sales for Q4 1999. Due to the
muted sentiment on the online advertising market, WEB.DE AG expects a
contained sales development in the first two quarters of 2001. With
its immense range of performance- linked types of advertising, such
as pay-per-click, and the restructuring in distribution, the company
adjusted early on to the changes in the online advertising
Despite the temporary weakness of the market, WEB.DE AG will
continue to pursue its long-term growth strategy in 2001 as well. Of
the EUR 183.6 million in issuing proceeds, the company still disposes
of EUR 168.4 million as at 31 December 2000 which corresponds to a
liquidity of EUR 4.41 per share.
WEB.DE AG, Richard Berg, Investor Relations, phone ++49 (0)721 943
29 0, fax ++49 (0)721 943 29 22, e-mail:
End of message
Original-Content von: WEB.DE, übermittelt durch news aktuell