broadnet mediascape communications AG

euro adhoc: broadnet mediascape communications AG
Quarterly or Semiannual Financial Statements
broadnet mediascape presents first quarterly report 2004 (E)

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broadnet mediascape presents first quarterly report 2004: EBITDA with TEUR 348 positive; growth in revenues of 7 %  to TEUR 6,794 compared to TEUR 6,322 in the fourth quarter 2003 Hamburg, May 25, 2004 - broadnet mediascape communications AG (ISIN DE0005490866) achieved again a positive EBITDA with TEUR 348 in the first quarter 2004 and improved the operating result by 4 % compared to the fourth quarter 2003. Compared to an EBITDA of TEUR 116 in the first quarter 2003 the EBITDA was improved by 200 %. The group`s EBIT in the first quarter 2004 amounted to minus TEUR 2,750 after minus TEUR 3,839 in the previous quarter and was improved by 28 %. The scheduled depreciations resulted to a large degree from wireless equipment, especially from the takeover of the subsidiary Broadnet Deutschland GmbH. These depreciations will continue to drop considerably in the second half of 2004, thus improving the result sustainable. broadnet mediascape generated revenues of TEUR 6,794 in the first quarter 2004 compared to revenues of TEUR 6,322 in the fourth quarter 2003. Despite a still difficult economic surrounding the company was able to improve its revenues by 7 %. At the end of the first quarter 2004 broadnet mediascape had liquid funds of TEUR 27,843 (First quarter 2003: TEUR 31,472) compared to TEUR 29,849 at the end of the fourth quarter 2003. The company posted equity of TEUR 44,718 (First quarter 2003: TEUR 58,563). At the end of the fourth quarter 2003 the company posted equity of TEUR 47,113. The equity ratio was again positively high at 82 % in the first quarter of 2004. broadnet mediascape generated earnings per share of minus EUR 0.16 compared to minus EUR 0.20 in the fourth quarter 2003 and compared to minus EUR 0.22 in the first quarter 2003. In the first quarter 2004 an average of 15,709,676 shares circulated. The company had 182 employees compared to 185 employees at the end of the fourth quarter 2003. broadnet mediascape is consistently pursuing its strategy of strict cost management and plans to have a positive EBITDA for the fiscal year 2004. Nevertheless, the company will not optimize EBITDA at the expense of growth this fiscal year. Next to the organic growth broadnet mediascape plans to take advantage of opportunities for inorganic growth provided that it makes strategic sense for the company.

Contact: broadnet mediascape communications AG, Manager Corporate Communications, Britta Cirkel, phone: +49 40 66 86 100 b.cirkel@broadnet-mediascape.de

end of announcement            euro adhoc 25.05.2004
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Further inquiry note: Britta Cirkel Manager Corporate Communications +49(0)40 668610-640

Branche: Telecommunications Equipment
ISIN:      DE0005490866
WKN:        549086
Index:    CDAX, Prime All Share, Prime Standard, Technologie 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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