mediantis AG

ots Ad hoc-Service: mediantis AG english

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ---------------------------------------------------

    Munich (ots Ad hoc-Service) -  According to preliminary figures released today, mediantis AG / more than doubled its Group sales during the 2000 business year despite tougher competition, thus reinforcing its market position as one of the Germany's Big Three online booksellers. Revenues increased by 140 percent to approx. DM 38 million (1999: DM 15.8 million). The net loss for the year was approx. DM 25 million (1999: net loss of DM 11.5 million). Investments to establish the brand were rigorously and successfully made, as evidenced by almost DM 19 million in marketing expenditure.

    mediantis AG / aims to increase sales by at least 50 percent in the 2001 business year, by consistently developing its business platform into an online department store for media and cultural products. The net loss of the Group in 2001 is to be reduced to less than 25 percent of sales, by improving gross margins and by boosting the efficiency of marketing and personnel.

    Detailed information on the 2000 business year and the outlook for 2001 will be released at a press conference to be hosted by mediantis AG / on March 28, 2001.

    Further information: mediantis AG /, Julia Hofmann, Hofmannstraße 7a, D-81379 Munich, Tel.: +49 (0)89-724414 26, Fax: +49 (0)89-724414 69, email:,,

    WKN: 528 520; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

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