ots Ad hoc-Service: INTEGRA S.A. Integra reports fourth quarter and annual 1999 results
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Paris (ots Ad hoc-Service) -
Revenues:
Integra reports consolidated pro forma revenues of EUR 14.88 million in 1999, a 178% increase over consolidated pro forma revenues of EUR 5.36 million in 1998. Consolidated revenues increased by 173% from EUR 3.07 million in 1998 to EUR 8.37 million in 1999. Integra France's revenues increased from EUR 3.06 million in 1998 to EUR 4.98 million in 1999/ representing organic growth of 63%.
For the 4th quarter 1999, consolidated pro forma revenues represented EUR 4.47 million, an increase of 66% over the 3rd quarter 1999 figure of EUR 2.69 million.
Hosting revenues kept on growing, representing 33.8% of consolidated revenues in 1999 versus 19.6% in 1998.
Pre-tax loss: For the fiscal year 1999, Integra reports a net consolidated loss of EUR 8,12 million.
Treasury:
As at 31 December 1999, Integra had EUR 118.45 million in cash and marketable securities.
Human Resources: In 1999, Integra made significant investments in human resources to face future growth, and specifically reinforced its corporate team. The total number of employees was 301 at the end of 1999, as compared to 59 at the end of 1998.
Operated web sites: The number of sites operated by Integra increased by 378% to 1104 at the end of 1999 as compared to 231 operated sites at the end of 1998, There were 157 e-commerce sites operated by Integra at the end of 1999. Average monthly operation revenues per site in 1999 reached 6448 up 34% over 1998 figure of EUR 335, showing strong organic growth.
Partners:
The number of strategic and business partners grew from 6 to 15 and 12 to 40 respectively from 1998 to 1999.
Client base; Integra continued to grow its client base significantly during the year. Clients are ventilated in three categories: large accounts, dot com companies, and telcos. Major contracts signed during 1999 included: Accor, Acemai, Babyworld.com, B-O-S, E.Leclerc, Elle, Gatineau, L'Homme Moderne, Look Voyages, Mauboussin, Michelin, Pitney Bowes, Shell, Thomson Multimedia, Paco Rabanne, Toy's R US.
Acquisitions:
In 1999, Integra pursued its expansion strategy in Europe and made 6 acquisitions in key geographic markets, consolidating the Group's position as the European leader with a presence in Denmark, France, Germany, The Netherlands, Spain and the United Kingdom, Three Northern European countries should be added to these acquisitions, if the Intended friendly public offer on Infostream (INF NO) comes through.
During the 4th quarter, Integra made three acquisitions: the EUR 0.78 million acquisition of Conexis, Spain's leading web hosting company, the EUR 5.8 million acquisition of xxLINK, The Netherlands' leading web hosting and consulting company and the EUR 7.85 million acquisition of the hosting and professional services business of Mondo A/S/ Denmark's leading e-business company.
Commenting on the results, CEO Philippe Guglielmettl said: "1999 was a truly momentous year for Integra. Integra became the first company to achieve a dual listing on Euro NM, giving investors greater liquidity in the stock and providing the Group with the visibility and financial means to finance both organic and external growth.
We are delighted with the level of growth achieved this year. This growth includes a strong organic element based on the increase of revenues coming from the existing client base and the growth in the number of clients. This clearly illustrates our capability to offer our clients increasingly sophisticated technologies and functionalities. Simultaneously, our acquisition strategy in Europe enabled us to confirm our leading position in the operation of e-commerce and complex Internet web sites.
This growth is illustrated by our pro forma revenue figure for the year 1999 which by far exceeds our expectations.
Our growing client portfolio, composed of dot com companies and large accounts, the development of numerous partnerships and the building of a very strong and experienced management team, are amongst our best assets to help us achieve our future development."
Cautionary statement: This release contains information relating to Integra's expectations. These expectations are, however, subject to a number of risk factors, cf. page 21 of the prospectus dated December 3, 1999, approved by the German and French stock exchange authorities, which can be downloaded in PDF format at http://www.integra-europe.com/prospectus
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