FRANKFURT, Germany, July 26, 2001 (PRIMEZONE) -- i:FAO Aktiengesellschaft (GER:FAO2) (WKN 622 452) makes results, for the first six months ending June 30, 2001, public. The leading manufacturer of Business Travel eProcurement Solutions for the booking and management of corporate travel, booked revenues of EURO 1,610,691 within the first six months for the group. In the technology segment, the revenues increased significantly by 66.7% to EURO 1,359,841 in comparison to the same period in the prior year. Because of the spin-offs of the high revenue eHotel, Cabana and Travel Service divisions, other figures for the year 2000 are not directly comparable.
Important key figures of the i:FAO Group:
(EURO, IAS, for the period beginning January 1, ending June 30, 2001):
-- Revenues: 1,610,691 -- Total Performance: 2,689,323 -- EAT: 82,346 -- Cash Flow operative: 713,737 -- Earnings per Share: 0.01 -- EBIT: (-5,635,160) -- Cytric customers: 759 (+ 178%) -- Number of associates: 141
In the first six months of 2001, the operating result of the i:FAO Group, EBIT, was (EURO -5,635,160). The result was mainly influenced by one time charges like special write-offs, legal and consultancy fees and transaction costs in conjunction with the sale of the Galileo shares. i:FAO is acting against increased expenditures by introducing operational cost reductions, which are already in effect.
i:FAO Aktiengesellschaft, located in Frankfurt am Main, Germany, as the core company within the Group structure, reports earnings after taxes (EAT) in the amount of EURO 3,499,337. With substantial liquidity reserves and a good cost situation, i:FAO AG is very well positioned and therefore confirms its intent to achieve break even results within Germany this year.
The Executive Management Board
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CONTACT: i:FAO Aktiengesellschaft, Frankfurt
Andrea Petry; Manager Investor Relations
Tel.: +49 (69) 7680 5500
petry@ifao.net