broadnet mediascape communications AG

euro adhoc: broadnet mediascape communications AG
Quarterly or Semiannual Financial Statements
broadnet mediascape increases its revenue by 12.2 % over the previous quarter EBITDA positive due to one off events (E)

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Hamburg, May 20, 2003 - In the first quarter of the current fiscal year, broadnet mediascape increased its revenue from TEUR 5,456 in the fourth quarter of 2002 to TEUR 6,119, thus by 12.2 % (first quarter of 2002: EUR 2,777). This increase over the previous year is mostly due to the takeover of broadnet mediascape dsl services AG, while growth in the first quarter of 2003 was organic. The Group’s EBITDA for the first three months of the current fiscal year amounted to TEUR 116 (first quarter of 2002: minus TEUR 1,441). The improved EBITDA - and in particular the fact that a positive EBITDA was attained - is mostly due to the one-time extraordinary income. This income was the product of successful negotiations with a major supplier about services purchased. The agreement reached allowed for the liabilities to be reduced clearly and the accrued liabilities set aside for this purpose to be dissolved. Adjusted for this one-off transaction in the amount of TEUR 1,023 net, the operative result of minus TEUR 907 remains negative, though improved by 84.5 % over the 4th quarter of 2002 (minus TEUR 5,850). The consolidated EBIT had worsened as of March 31, 2003 to minus TEUR 3,503, compared to minus TEUR 2,606 in the first quarter of 2002, while improving clearly over the EBIT of minus TEUR 11,641 in the fourth quarter of 2002. As of March 31, 2003, the financial resources of broadnet mediascape amounted to TEUR 31,472 (first quarter of previous year: TEUR 33,624).

end of announcement            euro adhoc 20.05.2003
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Further inquiry note: Sophie Lindemann Tel.: +49-40-668610-0

Branche: Software
ISIN:      DE0005490866
WKN:        549086
Index:    Nemax All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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