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NetValue 2001 Performance
Internet research agency NetValue has reported a 90% rise in consolidated revenues for 2001, although the company is still incurring net losses.
Consolidated revenues for 2001 reached EUR6.58 million up from EUR3.47 million for the previous year. The total amount of contracts signed remained stable at EUR6.29 million in 2001 as compared to EUR6.24 million in 2000.
Due to the continued deterioration of the economy in 2001, the company was unable to exceed its forecasts and recorded a net loss, after minority interests, of EUR20.5 million as compared with a net loss of EUR20.7 million in 2000. This loss includes non-recurrent and restructuring expenses of EUR7.6 million.
In 2002, NetValue hopes to fully benefit from the restructuring program implemented last year, with the company able to reduce its operational costs by nearly 50%. A return to profitability is forecast for 2003.
Founded in France in 1998, NetValue provides online and offline insights into consumer behaviour, and has operations in the UK, France, Germany, Sweden, Spain, Italy, Denmark, Norway, US, Hong Kong, Singapore, Korea and Taiwan.
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