OnVista AG

euro adhoc: OnVista AG
Annual Reports
3 months report 2003: Sales moderately increased/ Profit performance slightly improved
Positive cash flow (E)

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In the first quarter of 2003, OnVista AG (DE0005461602) recorded group sales totalling Euro 2.84 million. This represents an increase of 2.2% compared to the same quarter last year (Q1/02: Euro 2.77 mill.). The Technologies business segment contributed 66% (Q1/02: 69%) to total group sales, the Media business segment 33% (31%) and the Corporate Services segment 1% (0%).

The profit performance also improved slightly. The company recorded a positive EBITDA in the amount of ‘000 Euro 60 (Q1/02: ‘000 Euro 6). EBIT totalled Euro -0.58 mill. (Q1/02: Euro -0.60 mill.). In the period under review, the pre-tax group result (EBT) amounted to Euro -0.23 mill. compared to Euro -0.28 mill. in Q1/02. The after-tax result  was also moderately positive totalling ‘000 Euro 6 (Q1/02: Euro -0.30 mill.).

The company was able to further reduce costs. In Q1/03 operating expenses totalled Euro 3.41 mill., a fall of 7.8% compared to Q1/02 (Euro 3.70 mill.).

The company again recorded a positive cash flow. In the quarter under review, the group cash flow totalled Euro 0.37 mill. (Q1/02: Euro 0.19 mill.), the operating cash flow amounted to Euro 0.17 mill. (Q1/02: Euro 0.39 mill.). Cash funds totalled Euro 27.38 mill. as at 31 March 2003 (31.12.2002: Euro 27.46 mill.) ensuring OnVista a very comfortable liquidity position. This translated into a cash value per share of Euro 4.09 (31.12.2002: Euro 4.10).

In the Technologies business segment OnVista achieved total sales of Euro 2.12 mill. in Q1/03 (Q1/02: Euro 2.21 mill.; -4,4%). The pre-tax result amounted to Euro -0.40 mill. (Q1/02: Euro -0.20 mill.). In the Media business segment OnVista increased total sales by 12% to Euro 0.95 mill. (Q1/02: Euro 0.84 mill.). The pre-tax result was again positive and totalled Euro 0.21 mill. (Q1/02: ‘000 Euro 79).

Group results under US GAAP; detailed press release in German language: www.onvista-ag.de, under ‘Presse’; full Q1/2003 report: www.onvista-ag.de, under ‘Investor Relations’

IR contact: Stefan Bohlmann, Tel. +492203/9146-220, ir@onvista.de; Press contact: Anja Seipp, Tel.-306, presse@onvista.de

end of announcement            euro adhoc 12.05.2003

Further inquiry note: Stefan Bohlmann, Manager Investor Relations Tel. +49(0)2203 9146 220 E-Mail: ir@onvista.de Anja Seipp, Manager Press Relations Tel. +49(0)2203 9146 306 E-Mail: presse@onvista.de

Branche: Computing & Information Technology
ISIN:      DE0005461602
WKN:        546160
Index:    Nemax, Prime Standard
Börsen:  Frankfurter Wertpapierbörse / regulated 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
              Baden-Württembergische Wertpapierbörse / free trade

Weitere Meldungen: OnVista AG

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