antwerpes AG

ots Ad hoc-Service: Antwerpes AG Report 3rd Quart

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Cologne (ots Ad hoc-Service) -      Ad hoc statement by antwerpes ag:
Final figures for 3rd quarter: antwerpes ag doubles its sales
compared with previous year / Planned sales for 2000 revised upwards
to 17.8 million marks / Net earnings still positive

    The high growth rates of antwerpes ag ( are continuing unabated. In the 3rd quarter, the Cologne Internet service provider achieved sales of 5.4 million DM. Compared with the previous year, sales in the first three quarters of the year rose by 109 percent, and had reached 13 million marks by the end of September (previous year 6.2 million marks). This encouraging sales trend comes solely from organic growth.

    In the first nine months, antwerpes continued to work profitably, with an EBIT of 0.5 million marks and and an EBITDA of 1.7 million marks. Originally, antwerpes had expected slight losses for this period, since a large amount of investment lay ahead, particularly in the subsidiary DocCheck Medical Services GmbH. Net earnings per share also went up, and are now 0.12 DM (1st six months 2000: 0.07 DM). At the end of the 3rd quarter the level of financial resources was 52 million DM.

    antwerpes also expects exceedingly encouraging business in the 4th quarter. This is why antwerpes ag is raising its planned sales for 2000 slightly, from 16.7 to 17.8 million marks. This new sales target does not include the acquisition of the e commerce service provider in the healthcare sector, Geisselmann GmbH. All other planned figures for 2000 have remained unchanged for the time being.

    The growth in sales covers all service sectors of the company: for example, the New Media sector increased its sales by 146 percent, from 2.4 million marks to 6 million marks, and the Classic Media sector increased its performance by 45 percent, from 3.6 million marks to 5.2 million marks compared with the 3rd quarter 1999.

    The development of the subsidiary DocCheck Medical Services GmbH, the largest European healthcare portal, remains favourable. Sales rose from 0.9 million marks in the 1st six months to 1.735 million marks by the end of the 3rd quarter. This meant an increase in sales of 924 percent compared with the first nine month of the previous year. In this period, the number of users registered with DocCheck grew by over 200 percent from 17,000 to almost 60,000. With the acquisition of Geisselmann GmbH in the past quarter, antwerpes ag succeeded in expanding the healthcare portal in the e-commerce sector. With Geisselmann, antwerpes now has the leading e-commerce solution for surgery requirements in Germany at its disposal.

    The complete 3rd quarter report can be downloaded at

    Contact address: antwerpes ag Jutta Hübener Corporate Communications Vogelsanger Str. 66 D-50823 Cologne Fon: 02 21 / 9 20 53 - 1 39 Fax: 02 21 / 9 20 53 - 1 33 Mobile: 0173/ 70 82 544 e-Mail:

    End of Message

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