broadnet mediascape communications AG

euro adhoc: broadnet mediascape communications AG
Annual Reports
broadnet mediascape presents the annual report for 2002 (E)

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Hamburg, March 10, 2003 - In 2002 broadnet mediascape communications AG was able to increase revenue by 65.6 % from TEUR 9,424 in the previous year to TEUR 15,609. Thus the Group was able to exceed the planned increase in revenue of 10 % to 15 %. The year 2002 was mainly driven by the takeovers of Broadnet Deutschland and KKFnet AG. With the acquisitions, broadnet mediascape was able to complement its wireless infrastructure as well as to take over a DSL network with 1.800 clients and about one million Euros in revenue per month. On top the Group was able to strengthen its cash and equity positions. Due to the one-off expenditures for the integration of the two subsidiaries, EBITDA decreased by 15.2 % to minus TEUR 10,122 (previous year: minus TEUR 8,783). The integration is almost completed. Positive synergies will have their effect in the first quarter of 2003. The Group was never the less able to increase its EBIT from minus TEUR 22,185 in 2001 to minus TEUR 18,929 in 2002. As at December 31, 2002 broadnet mediascape had liquid funds of TEUR 39,770 (previous year: TEUR 33,155). In total, the Group invested 4.877 million Euros (previous year: 9.197 million Euros). The reduction in investments mainly resulted from the almost completed build up of the network and the minimum investments during integration. As of December 31, 2002, broadnet mediascape served some 5,560 business customers with 5,267 broadband applications (previous year: 3,200 business customers with 850 broadband connections). For 2003 the Group expects growth in turnover. For the current business year the company expects a negative result, but operating break even (EBITDA-basis) on a monthly basis should be reached for the first time.

end of announcement            euro adhoc 31.03.2003
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Further inquiry note: Sophie Lindemann Tel.: +49-40-668610-0

Branche: Software
ISIN:      DE0005490866
WKN:        549086
Index:    Nemax All Share
Börsen:  Frankfurter Wertpapierbörse / Neuer Markt
              Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Hamburger Wertpapierbörse / free trade
              Niedersächsische Börse zu Hannover / free trade



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