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ProSiebenSat.1 Media AG

euro adhoc: ProSiebenSat.1 Media AG
Quarterly or Semiannual Financial Statements
DISCLOSURE UNDER SEC. 15 OF THE GERMAN SECURITIES TRADING ACT ProSiebenSat.1 Group Pre-tax Income Doubles for the second quarter 2003 Group revenues down six percent
S

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Munich, August 7, 2003. Despite the ongoing advertising crisis, the
ProSiebenSat.1 Group nearly doubled its pre-tax income in the second
quarter of fiscal 2003. Although Group revenues were down 6 percent
against the comparable quarter of the previous year, to EUR 466.9
million, the television corporation boosted its pre-tax income from
EUR 16.8 million to EUR 33.2 million against the same period of 2002.
All the Group’s full-service channels showed a profit on the second
quarter. Station Sat.1 was back in the black for the first time since
2000. News channel N24 improved its pre-tax income by 29 percent. The
television corporation’s gratifying earnings performance resulted
from extensive cost-cutting and optimization measures that
significantly reduced the Group’s total expenses and substantially
improved its organizational efficiency.
The sharp earnings increase between April and June means that in all,
the ProSiebenSat.1 Group earned a profit in the first half of 2003.
Group pre-tax income, at EUR 2.5 million, was well above the
first-quarter loss of EUR 
-30.8 million. In the first half of 2002, the ProSiebenSat.1 Group
generated pre-tax income of EUR 25.3 million. Group revenues for the
first six months of the current year were EUR 878.2 million, down 11
percent from the same period last year. EBITDA for the period reached
EUR 58.1 million, following EUR 85.2 million the previous year. EBIT,
at EUR 39.0 million, was down EUR 20.0 million from the first six
months of 2002. Cash flow calculated by DVFA/SG methods amounted to
EUR 533.8 million, and DVFA/SG earnings per share were EUR -0.01,
following EUR 0.08. The Group’s business performance for the first
half of 2003 significantly felt the impact of the severe slump in the
television advertising market in the first quarter. Although the
market recovered slightly between April and June, it still remained
below the level from the same period last year.
You will find further information about the interim figures at
www.ProSiebenSat1.com.
end of announcement        euro adhoc 07.08.2003

Further inquiry note:

Dr. Torsten Rossmann
Company Spokesman
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Tel.: +49 [89] 95 07-11 80
Fax: +49 [89] 95 07-11 84
E-mail: Torsten.Rossmann@ProSiebenSat1.com
Press release online: www.ProSiebenSat1.com

Branche: Media
ISIN: DE0007771172
WKN: 777117
Index: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index, Prime All Share, Prime
Standard
Börsen: Frankfurter Wertpapierbörse / official dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade

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