Advanced Medien AG

euro adhoc: Advanced Medien AG
Quarterly or Semiannual Financial Statements
Advanced Medien AG reports results for the first six months of 2003 (E)

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Munich, August 20, 2003 - In the first six months of fiscal year 2003, Advanced Medien AG (ISIN DE-0005093009) recorded revenues of EUR 0.8 million. This compares to revenues of EUR 11.0 million for the same period last year. The strong decline in revenues results from lower revenues recorded by the company's operating subsidiary U.F.O. Unified Film Organization LLC. in the first quarter and from the fact that U.F.O.'s figures for the second quarter could not be included in the interim financial statements of Advanced Medien. Earnings before interest, taxes, depreciation and amortization (EBITDA) according to IAS in the second quarter were EUR 0.3 million (previous year: EUR 3.8 million). This results in a negative EBITDA of minus EUR 0.2 million for the first six months of 2003 as compared to an EBITDA of EUR 8.3 million for the same period last year. Amortization of film assets amounted to EUR 1.9 million (2002: EUR 10.3 million). As a result, earnings before interest and taxes (EBIT) according to IAS for the first six months were negative at minus EUR 2.2 million (previous year: minus EUR 2.3 million). In the second quarter alone, the EBIT was minus EUR 0.3 million as compared to minus EUR 1.3 million for the same period last year. The net loss for the second quarter of 2003 amounted to EUR 0.5 million, compared to a net loss of EUR 2.0 million for the same period last year. As a result, the net loss in the first six months was reduced further to EUR 2.6 million. This compares to a net loss of EUR 3.3 million for the first six months of 2002. As of June 30, 2003, the loss per share was EUR 0.15 as compared to a loss per share of EUR 0.19 for the same period last year. The detailed interim report on the first six months of 2003 will be available for download at www.advanced-medien.de from August 29, 2003.

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Key figures in EUR thousand
                                        1.1.-30.6.2003            1.1.-30.6.2003
Revenues                          813                              10.963
EBITDA                              229                              8,297
EBIT                                 -2,161                         -2,377
Financial Result              -506                            -1,004
EBT                                  -2,667                         -3,341
Result from ordinary
operations                        -3,341                         -8,452
Loss for the period         -2,665                         -3,343
Loss per share (euros)    -0.15                          -0.19
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The management board

end of announcement            euro adhoc 20.08.2003
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Further inquiry note: Advanced Medien AG

Branche: Media
ISIN:      DE0005093009
WKN:        509300
Index:    CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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