United Internet AG

ots Ad hoc-Service: United Internet AG United Internet approaches profit zone

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    Montabaur (ots Ad hoc-Service) -      

    According to preliminary figures fiscal 2000 proved a successful period for United Internet. The network's total sales grew by 78.8 % to EUR 243.7 million. Consolidated sales of the United Internet Group were up 60 percent to EUR 194.3 million. There was also a positive development of key earnings ratios: EBITDA rose from EUR -5.4 million in 1999 to a positive EUR 1.0 million in 2000. The figure includes for the first time the full losses of GMX, which reduced total EBITDA by EUR 10 million. However, there was a positive effect from the correction of an expense allowance formed in 1999 for the costs of a staff stock-option scheme valued at EUR 4.4 million. Of total consolidated sales, EUR 157.6 million (81.1%) originated from affiliates posting a positive EBT in 2000.

    Goodwill amortization of majority holdings amounted to EUR 10.8 million for the Group. Depreciation of tangible, intangible and financial assets totalled EUR 24,9 million. The losses of companies consolidated at-equity amounted to EUR 18.5 million. There were also additional extraordinary costs of EUR 0.9 million. Due to amortization and depreciation allowances, the United Internet Group posted a pre-tax result (EBT) of EUR -54.1 million. The writedowns include allowances for Group investment losses amounting to EUR 8.3 million. In the separate financial statements of United Internet AG the figure amounted to EUR - 15.1 million.

    Based on these figures, DVFA-earnings per share amounted to EUR -0.95 after elimination of goodwill amortization of EUR -0,66.

    Contact partner: Marcus Schaps United Internet AG Phone: +49 2602/96-1076 Fax: +49 2602/96-1013 E-Mail: mschaps@united-internet.de

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