T-Online Losses Narrow; Eyes Profit by Year-End

27 May 2002

Deutsche Telekom-owned T-Online International, Europe’s biggest ISP by subscriber numbers, has reported narrowing losses for the first quarter.

The group’s net loss stood at €89.7 million ($82.3m; £56.7m), down from €121.1m in Q1 last year, on a 31% rise in sales to €365.7m. EBITDA (earnings before interest, tax, depreciation and amortization) shortfall narrowed from €66.4m twelve months ago to €14m.

The results were so encouraging that chief executive Thomas Holtrop forecast an EBITDA profit for 2002 as a whole. T-Online is already making money at its German unit, and has managed to reduce losses elsewhere.

Its customer base rose 580,000 during the quarter to reach 11.2m.

Data sourced from multiple publications; additional content by WARC staff