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Netsize`s European success story reflects in their 2002 financial results with a six-fold increase in turnover to euro37.1 million compared with euro6 million in 2001.

Publication: M2 Presswire
Publication Date: 02-APR-03
Format: Online - approximately 981 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-2 April 2003-Netsize: Netsize`s European success story reflects in their 2002 financial results with a six-fold increase in turnover to euro37.1 million compared with euro6 million in 2001(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:04022003

Netsize, Europe's leading provider of SMS, mobile business & entertainment solutions, today announced that The Netsize Group had a euro37.1 million turnover for 2002. Netsize`s 2003 strategy will focus on further international expansion of its mobile network, the development of its multimedia platform and adding applications and content to its catalogue of mobile solutions.

Netsize confirmed the profitability of its operations with earnings of euro12.3m during the last quarter of 2002 and earnings before EBITDA of euro400K. Netsize is on target to achieve its goals for 2003: to achieve a turnover of euro85m and EBITDA of euro4m and the reinforcing of its position as the mobile multimedia market leader.

In 2000 the turnover...

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