OnVista AG

euro adhoc: OnVista AG
quarterly or semiannual financial statement
OnVista Group above plan in the first quarter of 2006: Sales +37%
Net income +45% / Annual projections reaffirmed

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15.05.2006

15 May 2006 - OnVista AG (DE0005461602) exceeded its own expectations in the first quarter of 2006. The company also recorded strong growth and advanced its net income overproportional to sales.

In the first three months of 2006, group sales amounted to Euro 2.75 mill. This corresponds to an increase of 37% compared to the same period last year (Q1/05: Euro 2.00 mill.).

Since costs grew less strongly than sales, all key performance figures improved markedly in the period under review and were positive.

In the first quarter of 2006, EBITDA almost trebled (+178%) to Euro 0.23 mill. (Q1/05: '000 Euro 81). In the first quarter of 2006, EBIT totalled '000 Euro 97. In the same quarter last year, EBIT was still negative at '000 Euro -30.

Following the sale of the 36% investment in IS.Teledata AG in December 2005, this previously at equity reported company no longer contributes to group profits. Nevertheless, OnVista AG increased its pre-tax group result by 31% to Euro 0.40 mill. (Q1/05: Euro 0.30 mill.). In the period under review, the pre-tax to profit ratio came to 14% (Q1/05: 15%). Below the line, the group net income totalled Euro 0.30 mill. in the first quarter of 2006. This corresponds to a rise of 45% compared to the figures for the relevant period last year (Q1/05: Euro 0.21 mill.).

As at 31 March 2006, the liquid funds of the OnVista Group amounted to Euro 38.73 mill. (31.12.2005: Euro 40.09 mill.). The cash value per share stood at Euro 5.78 (31.12.2005: Euro 5.98). The decrease in liquid funds despite the positive business trend is due mainly to the reduction of trade accounts payable, bonus payments and investments in treasury stock for servicing stock options. In the year 2006 as a whole, OnVista anticipates a marked inflow of cash funds from its operating business.

The Executive Board reaffirms its annual projections: For the year 2006 as a whole, the OnVista Group expects sales to rise by more than 25% to around Euro 12.5 mill. (2005: Euro 9.74 mill.) as well as overproportional growth in profits: The pre-tax group result is to increase by around 35% to more than Euro 2 mill. (2005: Euro 1.61 mill.).

Consolidated financial statements under IFRS; detailed press release (German language only): www.onvista-group.de, section 'Presse' (http://www.onvista-group.de/press/information/current.html); the full quarterly report will be published soon at: www.onvista-group.de, section 'Investor Relations' (http://www.onvist a-group.de/en/investor-relations/finance-publications.html)

Contact: Anja Seipp, Tel. +49 2203/9146-306, Email ir@onvista-group.de

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ots Originaltext: OnVista AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Anja Seipp
Head of Corporate Communications
Tel. +49(0)2203 9146 306
Mobil: +49 (0) 160 802 9981
E-Mail: ir@onvista-group.de

Branche: Computing & Information Technology
ISIN:      DE0005461602
WKN:        546160
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade



Weitere Meldungen: OnVista AG

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