Feratel Media Technologies AG
Feratel Media AG english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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E-tourism and media group feratel media technologies AG listed at the Vienna
Stock Exchange succeeded in more than doubling its sales in the first quarter of
the business year 2001/2002 in figures 3.2 million Euro compared to the first
quarter of 2000/2001 (1.6 million Euro). Own work capitalized also increased by
1.7 million Euro (1st quarter 2000/2001) to approximately 3.5 million Euro,
which means an increase of nearly 100%.
The majority of the benefits resulting from the strong telecom sector are
realized in the third and fourth quarter of the business year, whereas fixed
costs stay more or less the same throughout the year. Furthermore the realized
acquisitions increasing the depreciation on goodwill by formerly 6.012 Euro to
412.808 Euro today must be taken into account. Consequently the operative result
(EBIT) of the first quarter is negative as planned, in figures
-1,1 million Euro (after -626.893 Euro in the same quarter of last year). EBIT
before depreciation of tangible assets deteriorated only a little by -620.881
Euro to -721.312 Euro. EBITDA improved in the first quarter by -315.664 Euro
compared to -400.659 Euro in the same period of last year.
The increase in staff caused by acquisitions was stopped as far as possible. The
first positive consequences of intense integration management can be seen in
the decrease in other operating expenses (compared to preceding quarters).
Cash-Flow resulting from operative activities improved by minus 4.4 million Euro
to minus 345.815 Euro. This is largely due to the fact that acquisitions were
realized in the preceding year. Cash and cash equivalents amount to 10 million
Euro at the end of the quarter.
Feratel director Dr. Markus Schröcksnadel says that the newly created complex of
companies offers high potential. Turnover will continue to increase in the
following months. Cost cuts in the following months will enable better results,
as a consequence a clearly positive result in the business year of 2001/2002 can
be expected.
end of ad-hoc-announcement (c)DGAP 28.09.2001
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Consolidated balance sheet at 31 July 2001 (in Euro)
According to International Accounting Standards
Assets
Non-Current assets 26.717.076
Deferred taxes 1.881.896
Current assets and prepaid expenses 18.896.209
Liabilities
Shareholders equity 35.208.783
Minority interest 231.144
Long-term liabilities 2.602.559
Deferred tax liabilities 216.235
Short term liabilities and deferred income 9.236.460
Balance sheet total 47.495.181
Consolidated income statement (in Euro)
According to International Accounting Standards
1st Quarter 2001/2002 1st Quarter 2000/2001
Sales 3.167.483 1.568.589
Own work capitalized 3.492.634 1.753.236
EBIT -1.134.120 -626.893
EBT -1.187.179 -677.950
Net profit/loss for the period -825.031 -507.547
EBITDA -315.664 -400.659
EBIT bef. depreciation on goodwill -721.312 -620.881
EBT bef. depreciation on goodwill -774.370 -671.938
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WKN: 073780; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
280833 Sep 01
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