feratel media technologies AG

euro adhoc: feratel media technologies AG
Quarterly or Semiannual Financial Statements
feratel: sales up by 9% in the 1st quarter of 2002/03 plus a clearly improved result (E)

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Financial 2002/2003 began well for the e-tourism and media group feratel media technologies AG, which is quoted on the Prime Market of the Vienna Stock Exchange. In the first quarter (1 May to 31 July), sales increased by 9% over the same period for the previous year to EUR 3.4 million. That increase is based on organic growth alone.

feratel also reports positive developments in terms of results. EBITDA was up 39% from minus TEUR 316 to minus TEUR 194. A clear improvement over the first quarter of the previous year is reported for the operative result (EBIT), too, which rose from minus EUR 1.1 million to minus TEUR 785, an increase of 31%.

The improved results for the first quarter are all the more pleasing as the Telecommunications sector does the major share of its business in the 3rd and 4th quarters whereas overheads are distributed equally throughout the year. That means the main contribution to the result from Telecommunications will not impact the picture until the second half of the year.

The streamlining measures recently introduced at feratel had a clearly positive impact in the first quarter of the financial year, with a 9 % increase in sales accompanied by a 5% reduction in payroll costs compared with the first quarter of 2001/02.

For the months ahead, feratel anticipates satisfactory market conditions in Austria and Switzerland. The market situation in Germany, on the other hand, is expected to continue to reflect the depressed general state of the economy. In the Telecommunications business sector feratel will retain what has hitherto been a completely successful policy to develop new regional markets. In the IRS sector satisfactory developments are expected based on the high level of customer acceptance for feratel´s software systems and the new Informator generation. In the Media business sector, the co-operation agreement signed with E-Plus is to be seen as proof of the effectiveness of the systems with regard to future content dissemination via mobile telephony. In spite of a general economic headwind confronting feratel in a number of regions, the company is therefore expecting a substantial increase in sales based exclusively on organic growth in the current financial year. In terms of results, feratel anticipates a clear improvement on the operative side. The high level of liquidity underscores the healthy state of the feratel organization.

~ Consolidated Balance Sheet (in TEUR)

                                                    31.7.2002         30.04.2002


Non-current assets                          13,556.0          13,776.6
Deferred taxes                                  2,196.2            2,354.6
Non-current receivables                        330.6                330.6
Current assets and
prepaid expenses                              17,742.0          20,195.4


Shareholders’ equity                        21,877.0          22,642.1
Minority interests                                189.6                190.8
Long-term liabilities                          526.9                514.6
Deferred taxes                                         0.0                196.3
Short-term liabilities and
deferred income                                11,231.3          13,113.4

Balance Sheet Total                         33,824.8          36,657.2

Consolidated Income Statement (in TEUR)

                          1st Quarter 2002/2003 1st Quarter 2001/2002

Sales                                  3,446.9                      3,167.5
Operational output              3,718.9                      3,492.6
EBIT                                      -784.8                    -1,134.0
EBT                                        -787.9                    -1,187.1
EBITDA                                  -193.6                        -315.6

end of announcement            euro adhoc 27.09.2002

Further inquiry note: For further questions please contact: Martin Fritsch feratel media technologies AG, Maria-Theresien-Straße 8, A-6020 Innsbruck, Phone: +43(0)512/7280-0, Fax: +43(09512/7280-80, E-Mail: martin.fritsch@feratel.com

Branche: Tourism & Leisure
ISIN:      AT0000737804
WKN:        073780
Index:    ATX Prime, ViDX, WBI
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Wiener Börse AG / official dealing

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