Wanadoo Revenues Up 29 Percent for Third Quarter 2003
2003年10月28日 - 4:06PM
PRニュース・ワイアー (英語)
Wanadoo Revenues Up 29 Percent for Third Quarter 2003 * Wanadoo
tops two million broadband customers in Europe: one in four Wanadoo
subscribers now has broadband service PARIS, Oct. 28 /PRNewswire/
-- Wanadoo had revenues of 679 million euros for the third quarter
of 2003, up 29 percent over the third quarter of 2002. Growth
stemmed from Wanadoo's two business segments, both of which posted
increases. Revenues from the Access, Portals and e-Merchant segment
surged 48 percent, while the Directories segment experienced a
7-percent rise in revenues for third-quarter 2003. For the 9 months
ended September 30, 2003 Wanadoo had revenues of 1,906 million
euros, representing growth of 32 percent versus the year-earlier
period. Olivier Sichel, Chairman and Chief Executive Officer of
Wanadoo said: "Wanadoo has surpassed the two-million customer
milestone for broadband services in Europe -- almost one out of
four customers -- confirming our commitment to being the European
leader in Internet services and directories. Broadband Internet is
generating ever-greater demand among our customers and is now an
integral component in all our businesses. Revenues from access,
portals and Internet directories posted growth of nearly 50 percent
for the third quarter of 2003. These solid results should enable
Wanadoo to achieve its 2003 objectives. Drawing on our innovation
capabilities, Wanadoo is readying the Internet services of tomorrow
with trailblazing products like the eXtense Playstation 2 pack,
Internet photo albums, videomessaging and more. Network games,
exchanging pictures and video over the Internet and other
applications have taken on an exciting new dimension. These
services, all linked to Internet access, open up dynamic
opportunities for Wanadoo and new possibilities for our customers."
Wanadoo topped 2 million broadband customers in September 2003 At
September 30, 2003 Wanadoo had 8.893 million Internet access
customers in Europe, including 2.071 million broadband customers
(ADSL and cable). Wanadoo added 252,000 broadband customers during
the third quarter of 2003, including 138,000 in September alone.
Growth in Wanadoo's broadband customer base stemmed primarily from
ADSL access, which represented 1.836 million customers at end
September 2003, with an additional 239,000 customers in the third
quarter 2003. Broadband customers accounted for 23.3 percent of the
Wanadoo Internet Access customer base at September 30, 2003, up
from 20.7 percent at end June 2003. Consolidated revenues for
third-quarter 2003 / 2002 (in millions of euros) 3rd quarter 3rd
quarter Change(*) 2002 2003 Internet Access, Portals, e-Merchant(1)
292 431 48% of which international revenues 100 146 47% Internet
Access 256 390 52% Portals 20 30 47% e-Merchant 15 12 -23%
Directories 235 251 7% France 230 247 8% International 5 4 -21%
Other and intra-group transactions 1 -4 NM Total Wanadoo revenues
527 679 29% of which international revenues 105 150 44% (*)
Calculated from non-rounded figures Consolidated revenues for 9
months ended September 30 2002/2003 (in millions of euros)
September September Change(*) 30 2002 30 2003 Internet Access,
Portals, e-Merchant(1) 808 1,241 54% of which international
revenues 264 434 65% Internet Access 715 1,112 55% Portals 61 97
59% e-Merchant 32 33 1% Directories 636 673 6% France 609 651 7%
International 27 22 -20% Other and intra-group transactions 1 -8 NM
Total Wanadoo revenues 1,445 1,906 32% of which international
revenues 291 457 57% (*) Calculated from non-rounded figures
Internet Access, Portals and e-Merchant segment: revenues jump 48
percent for third-quarter 2003 Revenues from the Internet Access,
Portals and e-Merchant segment reached 431 million euros for the
third quarter of 2003, up 48 percent over third-quarter 2002. For
the 9 months ended September 30, 2003, Internet Access, Portals and
e-Merchant segment revenues totaled 1,241 million euros, a
year-to-year increase of 54 percent. Revenues from this segment
were up 48 percent in France and 65 percent from international
operations. International revenues accounted for 35 percent of
Wanadoo's Internet Access, Portals and e-Merchant business for the
first nine months of 2003, compared with 33 percent for the first
nine months of 2002. Revenue growth from the Internet Access
business derived from the following factors: * Growth in the
Wanadoo customer base in France, with more favorable distribution.
Wanadoo's customer base in France totaled 4.363 million active
subscribers at end September 2003, up from 4.230 million at end
June 2003. At September 30, 2003 Wanadoo had 1.564 million
broadband subscribers, of whom 1.488 million have ADSL service.
Internet Access revenues (3) in France rose 51 percent for the
first nine months of 2003. * Growth in ADSL customer base in the
U.K. Wanadoo had 2.604 million customers in the U.K. at end
September 2003, including 969,000 customers with a pay dial-up
subscription and 123,000 broadband customers. Pay subscribers
accounted for 42 percent of the customer base at end September
2003. Internet Access revenues (3) in the United Kingdom rose 49
percent for the first nine months of 2003. * Migration of customer
base to enhanced services in Spain and the Netherlands. Wanadoo had
1.417 million customers in Spain at end September 2003, including
148,000 with ADSL service, which represents 10.4 percent of the
total, up from 9 percent at end June 2003. Wanadoo had 500,000
customers in the Netherlands at end September 2003, including
236,000 broadband customers. This represents 47 percent of the
customer base, up from 42.7 percent at end June 2003. Wanadoo's
Internet Access revenues (3) advanced 43 percent on a pro forma (1)
basis in Spain and 39 percent in the Netherlands for the nine
months ended September 30, 2003. Wanadoo's Portals segment had
revenues of 30 million euros for the third quarter of 2003, an
increase of 47 percent. This includes 19 million euros from online
advertising, up 66 percent, due in part to the consolidation of
Eresmas. For the first nine months of 2003 Portals segment revenues
totaled 97 million euros, a rise of 59 percent. This includes 54
million euros from online advertising, a 54-percent increase over
the year-earlier period. The alapage.com e-Merchant site booked
607,000 orders during the first nine months of 2003, representing a
29 percent increase in order volume versus the 2002 period.
Directories segment posts 7-percent upswing in revenues for third
quarter 2003 For the third quarter of 2003 the Directories segment
had revenues of 251 million euros, up 7 percent over the third
quarter of 2002. Total revenues from the Directories business in
France climbed to 247 million euros for the period, a rise of 8
percent versus third quarter 2002. Revenues from online directories
-- advertising and site creation, spanning both Minitel and
Internet -- totaled 61 million euros for third quarter 2003,
advancing 19 percent over the year-earlier period. Revenues from
Internet directories in France and Spain (pagesjaunes.fr and
qdq.com) were up 57 percent in the third quarter of 2003 compared
with third quarter 2002. The number of Internet advertisers on
pagesjaunes.fr and qdq.com rose to 264,000 at September 30, 2003.
For the first nine months of 2003 the Directories segment had
revenues of 673 million euros, up 6 percent over the same period in
2002. Revenues from directories in France rose 7 percent versus the
year-earlier period to reach 651 million euros. Online directories
revenues (advertising on Minitel and Internet plus site creation)
generated revenues of 177 million euros for the first nine months
of 2003, an increase of 19 percent over the first nine months of
2002. Revenues from online directories accounted for 26 percent of
total revenues for the Directories segment for the nine months
ended September 30, 2003. Recent events Wanadoo has sold its
offline games distribution subsidiary Wanadoo Edition (2002
revenues 28 million euros) to MC2 Entertainment. This sale allows
Wanadoo to focus on online games with the Goa label and provides
the Wanadoo Edition catalogue with access to the North American
market via MC2's Canadian subsidiary Microids Canada. Wanadoo also
sold France Animation, a production subsidiary specialized in youth
programming, to Antefilms Production. This sale marks Wanadoo's
withdrawal from the audio and video content production businesses,
sharpening its focus on Internet services and directories. Outlook
Wanadoo confirms its financial targets for 2003: -- Revenue growth
of 25 to 30%, -- Operating income before depreciation and
amortization multiplied by 3, -- Positive operating income before
depreciation and amortization for the Access, Portals and
e-Merchant segment -- A positive operating income before
depreciation and amortization - CAPEX (4) Division Indicator End
Sept. End Sept. Change 2002 2003 Internet customers Access
(thousands) 7,138 8,893 +25 % Pages viewed Portals(2) (millions per
month) 1,461 3,623 +148 % Cumulated orders e-Merchant on
alapage.com 470 607 +29 % (thousands) Advertisers on Directories
the Internet 223 264 +18 % (thousands) Notes (1) Eresmas, which was
consolidated as of November 2002, is not consolidated for the first
nine months of 2002. Figures for Wanadoo Belgium, which was
deconsolidated at the beginning of March 2003, are included only
for the first two months of 2003. (2) Total monthly audience for
all Wanadoo properties. (3) Access (or connectivity) revenues:
revenues from subscriptions and payments by telephone operators for
non-subscription offers. Does not include revenues from portals,
online services or e-commerce. (4) CAPEX (capital expenditures):
acquisitions of tangible and intangible assets About Wanadoo
Wanadoo, a subsidiary of France Telecom, is one of Europe's leading
Internet and directories companies with, at September 30, 2003, 8.9
million Internet Access customers, 3.6 billion pages viewed per
month and, at December 31, 2002, more than 638,000 advertisers in
Directories. Wanadoo is a leading Internet media services provider
in France and U.K. and the n. 2 in Spain. Wanadoo is also present
in the Netherlands. Wanadoo is expanding its Internet operations
through, amongst others, broadband Internet access with more than 2
million ADSL and cable subscribers. Wanadoo recorded EUR 2 billion
in revenues in 2002 and has approximately 7,000 employees. Wanadoo
is listed on Euronext Paris. Further information on Wanadoo can be
found on the company's web site at: http://www.wanadoo.com/.
DATASOURCE: Wanadoo CONTACT: Media, Nilou du Castel, , or Caroline
Ponsi, or Sebastien Goales, , all of France Telecom,
+33-1-44-44-93-93; or Investors, Vincent Gouley of Wanadoo,
+33-1-58-88-75-68, or Web site: http://www.wanadoo.com/
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