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DGAP-Ad hoc: Lycos Europe N.V. english = - 500 Beiträge pro Seite



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Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

Lycos Europe Announces a Strong Increase in Annual Revenues and Anticipates Lower Fourth Quarter EBITDA Losses than Previous Guidance

Haarlem, Netherlands - August 14, 2001 - Lycos Europe announced today that, during the last quarter from April to June 2001, the revenues of the group amounted to EUR 40.2 million, up 157 per cent compared to the same period last year. Fourth quarter revenues were slightly lower than previous quarter (January to March 2001 : EUR 41.6 million), reflecting the overall downturn in the advertising market. Total revenues for the full fiscal year reached EUR 139 million, compared to EUR 40.2 million for the same period 1999/2000. This achievement represents more than a 240 per cent increase versus last year.

Lycos Europe said it expects to report, in the fourth quarter of fiscal year 2000/2001, a non-cash charge of around EUR 650 to 700 million resulting from the impairment of certain intangible assets, mainly related to the acquisitions of Spray and MultiMania. As required under generally accepted accounting principles, Lycos Europe regularly analyses and evaluates the fair value of its investments. If events and circumstances indicate that the decline in value of these assets is other than temporary, Lycos Europe records a charge.

Lycos Europe also reported that, in the fourth fiscal quarter, it expects to announce an EBITDA loss in the range of EUR -39 to -41 million, better than previous guidance and than last quarter (EUR -45.4 million) respectively.

end of ad hoc announcement (c) DGAP 14.08.2001 -------------------------------------------------------------------------------- WKN: 932728; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

142224 Aug 01



Autor: DGAP import (),22:27 14.08.2001



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