euro adhoc: AdLINK Internet Media AG / other / AdLINK Group with weak progress and reduced forecast for 2008 (E)

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30.10.2008

AdLINK Group with weak progress and reduced forecast for 2008

Montabaur, October 30, 2008. The Management Board and Supervisory Board of
AdLINK Internet Media AG (AdLINK Group) today announced its consolidated
figures for the first nine months of 2008.

Consolidated sales grew by 2.3% from EUR 159.7 million in the comparative
period of 2007 to EUR 163.4 million. Earnings before interest, taxes,
depreciation and amortization (EBITDA) fell by 38.5% from EUR 18.2 million
(comparable prior-year figure) to EUR 11.2 million. Earnings before taxes (EBT)
fell by 43.9% from EUR 13.9 million (comparable prior-year figure) to EUR 7.8
million.

In addition to the problematic development of the Domain Marketing segment in
the 1st half of 2008, the strong fall in demand from customers in Display
Advertising particularly in the 3rd quarter - due to the global financial
crisis and the resulting fears of recession - had a strong negative impact on
the sales and earnings figures of the AdLINK Group. In addition to falling
sales volumes, this drop in customer demand has also led to fierce competition
for the remaining budgets and thus increased the pressure on prices and
margins. Whereas sales and earnings figures in the Domain and Display segments
were well below expectations, progress in the Affiliate Marketing segment was
as expected.

As a result of the above mentioned negative factors, gross margin fell from
24.9% in the first nine months of 2007 to 22.1% in the period under review. In
a quarterly comparison, gross margin fell from 23.6% in the 3rd quarter of 2007
to 18.9% in the 3rd quarter of 2008.

On the basis of current expectations, the Management Board of the AdLINK Group
has adjusted its previous forecast for fiscal year 2008 and now expects sales
at approximately the same level as last year (previously + 10%) and a positive
EBT of EUR 10-12 million (previously around EUR 21 million). As the further
impact of the economic development on business in the traditionally strong 4th
quarter is currently difficult to forecast, the forecast for the remaining
months remains fraught with uncertainty.

|9-month comparison |Jan. - Sept. |Jan. - Sept. |Change |
|in EUR million |2007* |2008 | |
|Sales |159.7 |163.4 |+2.3% |
|EBITDA |18.2 |11.2 |-38.5% |
|EBT |13.9 |7.8 |-43.9% |

* 2007 adjusted for a net positive effect on earnings of EUR 16.8 million in
EBITDA and EUR 7.4 million in EBT from Q2 2007.

|Quarterly comparison |3rd quarter 2007 |3rd quarter 2008|Change |
|in EUR million | | | |
|Sales |55.4 |49.7 |-10.3% |
|EBITDA |5.4 |1.2 |-77.8% |
|EBT |3.9 |-0.2 | |

Further inquiry note:
Marcus Schaps
AdLINK Internet Media AG
Elgendorfer Straße 57
56410 Montabaur
Germany

Phone: +49 (0) 2602 96-1319
Fax: +49 (0) 2602 96-1013
mschaps@adlinkgroup.net

end of announcement euro adhoc
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emitter: AdLINK Internet Media AG
Elgendorfer Straße 57
D-56410 Montabaur
phone: +49 (0) 260296 96-2000
FAX: +49 (0) 2602 96-1013
mail: investorrelations@adlinkgroup.net
WWW: http://www.adlinkgroup.net
sector: Online
ISIN: DE0005490155
indexes: TecDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München
language: English

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