Media! AG
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MEDIA! AG: EBIT increased by 66 per cent in first half of 2002/2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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MEDIA! AG: EBIT increased by 66 per cent in first half of 2002/2003
In the first half of the 2002/2003 financial year (July 1 to December 31, 2002)
MEDIA! AG for innovative media technology (SIN 663 330) improved its earnings
situation and capital structure within the group in a sustained manner. EBIT
rose by 66 per cent to EUR -4.3 million (p.y.: EUR -12.8 million) and the EBITDA
by 85 per cent to EUR -1.1 million (p.y.: EUR -7.5 million). The net loss of
the year dropped by 71 per cent to EUR -3.6 million (p.y.: EUR -12.6 million).
On the reporting date equity amounted to EUR 10.4 million (June 30, 2002: EUR
7.3 million). The equity ratio improved to 27 per cent, even prior to the not
fully executed capital increase from non-cash contributions. Sales dropped by 22
per cent to EUR 13.3 million (p.y.: 17.1 million) over the first six months due
to the strategy pursued and the persistent general economic weakness.
The cost savings measures initiated in the context of the restructure, which
will fully come into effect in Q4 2002/2003, the incorporation of AVT MEDIA! and
PROTEC MEDIA! and the reduction of the amounts due to banks play a decisive
role with regard to the positive consolidation trend at MEDIA! AG. After the
full recovery of shareholder loans equity will increase by up to a further EUR 7
million and estimated the equity ratio (IAS) will arise up to circa 44 percent.
Despite the reduction of amounts due to banks the group achieved a positive cash
flow of EUR 0.8 million. Liquid funds in the group were EUR 1.4 million as at
December 31, 2002 (June 30, 2002: EUR 0.6 million).
Contact:
MEDIA! AG, Thomas Diepenbruck, CFO, Phone: (089) 620 111-217, Fax: (089) 620
111-513, Simone Saft, Investor Relations, Phone: (089) 620 111-155, Fax: (089)
620 111-153, E-mail: invest@media-ag.com, http://www.media-ag.com
end of ad-hoc-announcement (c)DGAP 28.02.2003
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WKN: 663330; ISIN: DE0006633308; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover und Stuttgart
281652 Feb 03
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