DGAP-Ad hoc: Conduit Plc. english
Conduit achieves EBITDA profitability and acquires 45% of UK subsidiary
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Conduit achieves EBITDA profitability and acquires 45% of UK subsidiary.
Dublin, 8 February 2002 - - - Conduit plc, Dublin, an international provider of
directory enquiries services and related enabling technologies, listed on the
Neuer Markt since 30 June 2000 and on the Irish Stock Exchange technology market
ITEQ since 6 April 2001, turned EBITDA profitable in quarter 3 with an EBITDA
for of Euro 0.3 million compare to an EBITDA loss of Euro 1.5 million in quarter
2. Call volumes increased by 90% to 59.6 million compared to the nine months
last year. Revenues are up 79% to Euro 37.4 million compared to the nine months
to 31st December 2000. Gross margin increased from 28.3 percent to 33.2 percent
in quarter 3, giving a gross margin of 27.5 percent for the nine months to 31
December 2001. Employee numbers have increased from 1,077 in December 2000 to
1,400 in December 2001.
Conduit is also pleased to announce the acquisition of the 45% interest in 118
Limited previously held by Sonera Media Holdings BV, increasing Conduits
interest to 100% in 118 Limited. 118 Ltd net assets of Euro 2.8 million and the
entity was approximately Euro 0.5 million profitable for the quarter. The
acquisition consideration of Euro 4 million payable on completion and existing
loans of Euro 3.3 million from Sonera will remain and will be payable annually
over a period of three years. This acquisition positions the company as the sole
beneficiary of future expansion in the UK and is of significant strategic
significance to the Group given the recent moves by Oftel to deregulate the UK
directory enquiry market.
Contact persons:
Liam Young, CEO, Conduit plc+ 353 1 819 0000
Mark Buckley, IR Officer + 353 1 819 0000
end of ad-hoc-announcement (c)DGAP 08.02.2002
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WKN: 939363; ISIN: US2067882009; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
Conduit achieves EBITDA profitability and acquires 45% of UK subsidiary
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------
Conduit achieves EBITDA profitability and acquires 45% of UK subsidiary.
Dublin, 8 February 2002 - - - Conduit plc, Dublin, an international provider of
directory enquiries services and related enabling technologies, listed on the
Neuer Markt since 30 June 2000 and on the Irish Stock Exchange technology market
ITEQ since 6 April 2001, turned EBITDA profitable in quarter 3 with an EBITDA
for of Euro 0.3 million compare to an EBITDA loss of Euro 1.5 million in quarter
2. Call volumes increased by 90% to 59.6 million compared to the nine months
last year. Revenues are up 79% to Euro 37.4 million compared to the nine months
to 31st December 2000. Gross margin increased from 28.3 percent to 33.2 percent
in quarter 3, giving a gross margin of 27.5 percent for the nine months to 31
December 2001. Employee numbers have increased from 1,077 in December 2000 to
1,400 in December 2001.
Conduit is also pleased to announce the acquisition of the 45% interest in 118
Limited previously held by Sonera Media Holdings BV, increasing Conduits
interest to 100% in 118 Limited. 118 Ltd net assets of Euro 2.8 million and the
entity was approximately Euro 0.5 million profitable for the quarter. The
acquisition consideration of Euro 4 million payable on completion and existing
loans of Euro 3.3 million from Sonera will remain and will be payable annually
over a period of three years. This acquisition positions the company as the sole
beneficiary of future expansion in the UK and is of significant strategic
significance to the Group given the recent moves by Oftel to deregulate the UK
directory enquiry market.
Contact persons:
Liam Young, CEO, Conduit plc+ 353 1 819 0000
Mark Buckley, IR Officer + 353 1 819 0000
end of ad-hoc-announcement (c)DGAP 08.02.2002
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WKN: 939363; ISIN: US2067882009; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
