MEDIA! AG für innovative Medientechnologie

euro adhoc: MEDIA! AG für innovative Medientechnologie
Annual Reports
MEDIA! AG shows first remarkable results of restructuring after closing most difficult year in company’s history (E)

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Negative EBIT of EURO - 23,3 million in the financial statement of 2001/2002 / Contribution of the companies AVT GmbH and PROTEC GmbH by increase of ordinary share capital / In current fiscal year again a positive cash flow is targeted

In the fiscal year 2001/2002 MEDIA! AG (WKN 663 330) achieved a total turnover of EUR 27,9 million (prev. year EUR 51,5 million).Due to concentration on core business, reduction of projects with high risk and low margin in new business segments and a weak economic situation have led to a reduction of turnover declined to a level far below previous fiscal year. An EBITDA of EUR -13,8 million (prev. year EUR -1,6 million) and an EBIT of EUR -23,3 million was realized. The costs related to the restructuring process amount EUR 10,1 million. As a result of the ongoing restructuring MEDIA! AG improved cash flow explicitly and reached EURO - 0,03 million (prev. year EUR - 20,9 million).

The executive board of MEDIA! AG announces furthermore, that the two companies AVT GmbH und PROTEC GmbH have been merged into MEDIA! AG by the FGS Alpha 131 GmbH, future signing with M.K.B. Media Kommunikationsberatungs GmbH. The transaction has been executed under suspense conditions by using the existing authorized capital according to § 4 Abs. 4 of the articles of the association. The occurrence of the suspense conditions is expected shortly by all parties involved. As a result of the transaction, the ordinary share capital of MEDIA! AG has been increased by EUR 1,931.000 to EUR 7,650.000. The share of M.K.B. Media Kommunikationsberatungs GmbH increases from 44,78% to 58,72%. To the June 30, 2002 both companies, AVT and PROTEC, had no significant liabilities to banks but cash at bank of total EUR 1.5 million.

AVT is a provider of professional broadcast- and media technology based in Hamburg and Kiel. PROTEC has been founded in 1983 and has it main focus on mobile broadcast technology (outside broadcast van) with settlements in Bingen and Hürth near Cologne. Both companies add to and strengthen the business segments of MEDIA! AG and mean an expansion of location in North and West of Germany. As a result of consistant organisational integration in the area of  purchasing, logistic, use of resources in the rental business additional sales potential and of cost savings should be achieved.

By a further enhancement of the management competence in the executive board, the stabilisation and enlargement of the customer relationship, the active assistance of the new capital partner M.K.B. by partly renouncement respectively conversion of shareholder’s loan to  equity, full effectiveness of the cost reduction measures as well as the concentration to the core business from now on important requirements are created, that MEDIA! AG will in the current fiscal year overall with a positive operative Cash Flow to tie in with former company prosperities.

end of announcement            euro adhoc 26.09.2002

Further inquiry note: MEDIA! AG Investor Relations Tel.: +49(0)89620111155 E-Mail:

Branche: Media
ISIN:      DE0006633308
WKN:        663330
Index:    Nemax All Share
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Hamburger Wertpapierbörse / free trade
              Niedersächsische Börse zu Hannover / free trade
              Frankfurter Wertpapierbörse / Neuer Markt

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