Wanadoo Revenue Grows 31% in Q1

Nearly 700,000 broadband subscribers across Europe (up +251% compared to March 2001) with 531,000 subscribers in France

April 25, 2002

1 Min Read

PARIS -- Wanadoo recorded consolidated revenue growth of 410 million euros over the first quarter of 2002 (January 1, 2002 to March 31, 2002), up 31% compared to a year earlier. On a proforma basis, business grew 21% (excluding Freeserve and Indice Multimedia to be respectively consolidated as of March 1, 2001 and April 1, 2001 and excluding the Business Services and Brazilian Telelistas which, as of January 1, 2002 are no longer included in the scope of consolidation). On a proforma basis, the revenue structure breaks down as follows: up +61% for Access, Portals and e-Merchant and down 8% for Directories, between Q1 2001 and Q1 2002. The drop in Directory revenues can be explained by a difference in the publication of certain hardcopy directories. On a proforma basis for hardcopy directory publishing between 2001 and 2002, directory revenues grew 11% over Q1 2002 compared to Q1 2001 and the rise in overall Wanadoo sales is 34% for the same period. Commenting on the first quarter of 2002, Chairman and CEO of Wanadoo, Nicolas Dufourcq stated: "Wanadoo started 2002 in the same way as it ended 2001, and continued to pursue strong growth dynamics. All group development indicators are green, and contributed to this promising first quarter. Wanadoo bolstered its presence in broadband Internet, nudging 700,000 subscribers across Europe, of which 531,000 are in France. In the Directories, the number of advertisers on the Internet grew considerably. Both the hefty 49% rise in Freeserve's (UK) major added-value customers and the successful integration of Indice Multimedia in Spain, account for the success of Wanadoo's European strategy. These top-rate results epitomize the operating excellency Wanadoo provides to its customers every day." Wanadoo

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like