StepStone%20ASA

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StepStone ASA

• Results for the First Quarter ended 31 March 2001

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Giles ClarkeChief Executive OfficerChristoph
Schmidt-WolfChief Financial Officer
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Overview

• Sales flat as indicated at AGM
• Further decline in EBITDA and EBIT
• EUR 4.7m. restructuring charge
• By Q3 operating expenses down
• by EUR 20m
• EUR 35m. Goodwill write-down
• Aim to reach cash positive trading during 2002
  

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Overview

• CVs rose 37 in Q1 to 582,000
• Subscribers at 931,000 up 31 in Q1
• Brand Leadership consolidated
• New site architecture rolling-out

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Financial Highlights
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Sales and Revenues
Annual Revenues
Quarterly Sales
(Millions)
(Millions)
20.8
20.9
52.2
17.0
12.4
9.8
18.1
12.2
4.5
1.5
1997
1998
1999
2000
YTD 2001
Q1
Q2
Q3
Q4
Q1
2000
2001
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Positive Financial Trends
Q1/01 excluding restructuring and goodwill write
down
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Profit and Loss Statement
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Balance Sheet
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Cash Flow Statement
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Operational Review
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Nordic Region

• Scandinavian economic effect
• Another operating profit in Denmark
• Continued expansion in Finland

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Central Region

• Further German growth
• Highest ever weekly sales
• UK signs 3 year EUR 3.2m. Contract
• Austria and Netherlands another solid performance
• Switzerland grew satisfactorily

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Southern Region

• Italy sales moved strongly ahead
• Portugal impressive growth
• First local sales in India

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Summary

• Optimistic that 2001 will see significant
  financial progress
• EUR 20m. Cost base reduction implemented
• Aim to reach cash positive trading during 2002

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