Wanadoo reports a full-year 2002 consolidated net income of EUR 30 million, compared with a net loss of EUR 193 million in 2001, swinging to profit a year ahead of its forecasts. This significant improvement in net income is due primarily to improvements in the group's operating performance. Wanadoo's full-year consolidated EBITDA swung from a loss of EUR 64 million in 2001 to positive EBITDA of EUR 90 million in 2002. Operating income neared breakeven as the operating loss narrowed to EUR 6 million for 2002, compared with an operating loss of EUR 153 million in 2001. In 2003 the company will focus on building the overall financial success of the group and on the success of all its businesses in their respective markets. Wanadoo target to have a revenue groeth of 25 to 30 percent.
