Sales of EUR 20.8 million up 22% on Q3 2000 and 268% year on year - Revenues of EUR 19.8 million up 40% on Q3 2000 and 422% year on year - Overall loss fell from Q3 peak, as forecast - Operating profit in Scandinavia - User sessions 12.6 million- averaging in excess of 4 million per month - Germany now our largest market - Strong balance sheet - cash position of EUR 107 million.
At the beginning of 2000 StepStone set out its corporate objectives. It is well on the way to achieving them. We have successfully opened across Europe and in the process established a strong brand presence. We are convinced that our business model is right and the fact that we made an operating profit in Scandinavia in the last quarter only reinforces that opinion. Losses are declining and the current business plan indicates more than sufficient financial resources until the Group becomes cash positive. We are developing a range of products for human capital management and as the largest online recruitment advertising business in Europe we view the future with considerable confidence. Giles Clarke, chief executive officer.
www.stepstone.com
StepStone announce results for the fourth quarter - 02/2001
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