LONDON, August 15, 2001 (PRIMEZONE) -- lastminute.com (Nasdaq:LMIN), financial results for third quarter ending June 30, 2001.
-- Year to date total transaction value at 77.3 million pounds
improves by 3.7 times on prior year. On track for over 120 million
pounds total transaction value in the full year
-- Total transaction value for the quarter more than triples year on
year to 29.3 pounds million and improves by 5.4% in a seasonally
weak quarter
-- Gross margin up 4.2 percentage points year on year to 14.1% for
the quarter
-- Gross profit up 4.3 times year on year and up 7.2% quarter on
quarter to 4.1 million pounds
-- Net loss (before goodwill amortization) down 16.8% quarter on
quarter to 8.9 million pounds
-- Total operating costs (before goodwill amortization) down 8.5%
quarter on quarter to 14.2 million pounds
-- Customer acquisition costs in the UK down by 44% quarter on
quarter to 14 pounds
-- Customer conversion rate up from 11% to 12.4% quarter on quarter
-- Operating cash outflow down 6.4% quarter on quarter. Underlying
cash outflow down 15% quarter on quarter
-- On track to deliver breakeven at an operational level in the UK
and France in nine months time
-- New strategic relationships announced today with Sol Melia of
Spain and Fnac.com in France
To view release in its entirety, please click on the attachment below: http://reports.huginonline.com/830929/93028.doc
Notes to Editors: About lastminute.com
Based on the idea of matching supply and demand, lastminute.com currently offers consumers last minute opportunities to acquire airline tickets, hotel rooms, package holidays, entertainment tickets, restaurant reservations, specialty services, gifts, and auctions in the United Kingdom, France, Germany, Italy, Sweden, Spain, The Netherlands, Australia and South Africa. In September 2000, lastminute.com acquired the Degriftour Group, one of France's leading e-travel groups. At 30 June 2001, lastminute.com had established approximately 8,500 supplier relationships, with companies such as Lufthansa, British Midland, United Airlines, Virgin Atlantic Airways, Starwood Hotels and Resorts Worldwide, Forte Hotel Group, Kempinski Hotels, English National Ballet, The Royal Albert Hall, Conran Restaurants and SFX.