jobpilot AG has announced financial results for its first quarter 2001. Group net sales totalled 13.2 m Euro compared to 11.2 m Euro in Q4 2000,constituting a quarter on quarter growth of 18%.
The corresponding increase to the first quarter 2000 was 160%. The operating loss (EBIT) totalling -6,2 m Euro for the first quarter 2001 is significantly below the corresponding deficit in Q4 2000 (9.2 mEuro).
The results of the first quarter are even more satisfactory when compared with the overall market conditions and the performance of the technology and Internet sector in general. jobpilotís strategy to focus on cost efficiency, internal growth and the transfer of the successfully in its home market implemented business model to its European subsidiaries has paid off. German operations, which have been operationally profitable for the last four years, developed positively. The European subsidiaries are picking up on this success story, revenues from international operations now account for nearly a third of the jobpilot group.
In the first quarter 2001, jobpilot was the first European career portal to announce that it passed the one million registered user mark. At the end of the fourth quarter 2000 jobpilot had already achieved a new European record with over 840,000 registered users and was ahead of the rival pan European career portals. jobpilot also reached a new quarterly record with more than 116 million page impressions, compared with 95 million in the fourth quarter 2000.
Dr. Roland Metzger, CEO of jobpilot AG: ìDuring the first quarter of 2001 we clearly stayed on track to reach profitability at the group level in the fourth quarter 2001. With increasing revenues, a declining loss, and the launch of new products, jobpilot consolidated its position as one of Europeís leading career portals.î
www.jobpilot.com
jobpilot AG: Q1 revenues increase 18% over Q4 - 06/2001
Driven by a declining loss on track for profitabilit