Feeds

Tiscali sales, losses balloon

Management is happy

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Tiscali today reported sharply higher losses and much higher costs on much bigger sales in 2001. The company also wrote down acquisitions paid for by shares to the tune of EUR815m. This saw net equity at the end of 2001 reduced to EUR 1.150bn, against EUR 2.24bn in 2000.

Add on some other exceptional items and operating losses of EUR –307.6m, and the European ISP giant comes in with a net loss of EUR 1.664bn for 2001 (2000: -EUR 181.4m).

Revenues for the year were EUR 635.7m, 267% higher than 2000 (EUR 173.1m). The company attributes growth to increased traffic and user numbers, achieved organically and through acquisition.

Tiscali's board characterises 2001 as a crucial year for the company, which saw it integrate its acquisitions, increase market share and consolidate its client base. The introduction of centralised management and a single network infrastructure has generated "considerable synergies and economies of scale", the company says.

Tiscalis claims it is the market leader for Internet acccess in Europe, with a "considerable" presence in all major markets and 16 per cent of retail users - 7.3m - on its books. This aggregates to 10.4bn minutes of Internet traffic in Q4, 2001. Which is nice. It sounds like an awful lot of minutes too, but it kinda needs some comparison with - say - Wanadoo and AOL Europe - to make this meaningful.

Tiscali also reports that 14.7m uniques visited its portal, making it "the leading European web property".

All very well. The company has had its year of kitchen sink accounting. This year, it's time to start making a profit. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.