OnVista AG

euro adhoc: OnVista AG
Financial Figures/Balance Sheet
OnVista Group above plan in the first nine months of 2006: Sales +30%
EBIT +67%
Profit projections raised

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14.11.2006

14 Nov. 2006 - In the first nine months of 2006, OnVista AG (DE0005461602) recorded clear double-digit percentage growth both in sales and the operating result and exceeded its own expectations. All relevant key figures improved steadily over the three quarters. The OnVista Group expects an excellent fourth quarter and has raised its profit projections.

The accumulated group sales amounted to Euro 8.93 million in the nine months period of 2006 and were consequently above plan. This corresponds to an increase of 30% compared to the same period last year (9 mths./05: Euro 6.86 mill.). In relation to the third quarter, the company generated the highest quarterly sales to date, totalling Euro 3.24 million as planned (Q3/05: Euro 2.64 mill.; +23%).

The development in the earnings position was also very encouraging. In the first nine months of 2006, all key performance figures were above plan. The comparable figures for the previous year were clearly exceeded especially in the operating area. EBITDA rose by 53% to Euro 1.00 million (9 mths./05: Euro 0.65 mill.). EBIT increased by 67% to Euro 0.52 million (9 mths./05: Euro 0.31 mill.).

Both the pre-tax income and the net income grew at a lower rate than the operating result. This is due to the sale of the 36% investment in IS.Teledata AG in December 2005, as a result of which this previously at equity reported company no longer contributes to group profits in the current financial year (9 mths./05: Euro 0.47 mill.). In the nine months period, the pre-tax income nevertheless rose by 5.0% to Euro 1.43 million (9 mths./05: EUR 1.36 mill.). The pre-tax profit to sales ratio came to 16% (9 mths./05: 20%). The net income in the first nine months of 2006 totalled Euro 0.96 million (9 mths./05: Euro 0.91 mill.; +4,9%).

Although the earnings position improved each quarter, the key performance figures for the third quarter - except for EBITDA - stagnated (EBIT) or declined as planned compared to the same quarter last year (pre-tax and net income). This was, however, not due to a disappointing Q3/06, but an exceptionally good comparative quarter 2005 during which an excellent performance was achieved with unexpectedly high sales at a low cost basis. Another reason is the described abolition of the profit contribution by IS.Teledata in 2006.

The key performance figures for the third quarter of 2006 in detail: EBITDA rose by 14% to Euro 0.47 million (Q3/05: Euro 0.41 mill.). EBIT came in at exactly the same level as last year with Euro 0.29 million. The pre-tax income amounted to Euro 0.61 million (Q3/05: Euro 0.74 mill.; -17%). The net income came to Euro 0.33 million (Q3/05: Euro 0.48 mill.; -31%).

As at 30 Sep. 2006, the liquid funds of the OnVista Group amounted to Euro 39.13 million (31.12.2005: Euro 40.09 mill.). The cash value per share stood at Euro 5.84 (31.12.2005: Euro 5.98). The decrease in liquid funds despite the excellent business trend is primarily due to the distribution of the dividend for the financial year 2005, the purchase of treasury stock for servicing stock options as well as investments in IT and product development. The operating cash flow was positive at Euro 1.07 million and exceeded the previous year's figure (9 mths./05: Euro 0.57 mill.).

As a result of the present business trend and the good order book, the Executive Board of OnVista AG expects an excellent fourth quarter and has raised the profit projections. For the year 2006 as a whole, the OnVista Group anticipates a pre-tax income in excess of Euro 2.3 million (projection from March 2006: more than Euro 2.0 million). With regard to sales, OnVista still expects around Euro 12.5 million. This would correspond to a rise of 28% in sales (2005:  Euro 9.74 mill.) and more than 43% in respect of the pre-tax income (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); full quarterly report will be published by end of November at: www.onvista-group.de, section 'Investor Relations' (http://www.onvist a-group.de/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.ch

Further inquiry note:
Anja Seipp
Head of Corporate Communications
Tel. +49(0)2203 9146 306
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



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