feratel media technologies AG

euro adhoc: feratel media technologies AG
Annual Reports
Result for financial 04/05 again clearly improved. Board proposes payment of a dividend of 7 eurocents

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"In the 2004/2005 business year, sales totaled EUR 15.4 million (after EUR 15.7 million in the previous year). Operating revenues in the year under report increased from EUR 16.5 million to EUR 16,9 million", says Markus Schröcksnadel, CEO at feratel media technologies AG.

"At the same time we have again achieved a significant improvement in the result as planned. Consolidated net income increased significantly from TEUR 387.2 in the previous year to TEUR 510.6. EBITDA came to EUR 2,7 million after EUR 1.8 million in the previous year. Earnings before interest and taxes (EBIT) improved from TEUR 2.6 to TEUR 373.5. Earnings before taxes (EBT) came to TEUR 539,8 compared with TEUR 653.9 in financial 2003/2004. This is due to third-party shares in the sale of Orbicom AG that were included in EBT in the previous business year", Schröcksnadel continues.

The individual financial statements for feratel media technologies AG, which form the basis for payment of a dividend pursuant to the Austrian Stock Corporation Law, show a balance sheet profit of EUR 1.2 million. The feratel group has an equity quota of 66 %. At the Annual General Meeting the Executive Board will accordingly be proposing payment of a dividend of 7 eurocents, one eurocent more than in the previous year.

Market entry in Benelux Following the move onto the Hungarian market in the previous year, feratel was able to enter the Benelux market on a sustainable basis, and feratel now has eight camera locations in the Netherlands and three in Belgium. In the period under report, the 300th feratel weather camera was installed in The Hague.

In December 2004 the first feratel weather cam project was completed in the French Alps with the installation of a camera in Alpe d’Huez. That was followed by a further camera in Sainte Foy Tarentaise.

8 of the Top 10 In Austria especially, sales of feratel’s Deskline® information and reservation system were extremely buoyant. Eight of the country’s ten biggest holiday regions in terms of bednights (Sölden, Saalbach-Hinterglemm, Salzburg, Mittelberg, Zell am See, Ischgl, Mayrhofen, Bad Gastein) now employ feratel technology. On the highly competitive Tyrolean market, 7 of the Top 10 destinations in terms of bednights (Sölden, Mayrhofen, Ischgl, Innsbruck, Seefeld, St. Anton and Serfaus) are now working with Deskline®. The new additions to feratel’s Deskline® customer base in Austria in the period under report include the combined region of Steirisches Thermenland and Oststeiermark, Olympiaregion Seefeld, Ferienland Kufstein, Zell am See and Ferienregion St. Johann.

New Developments Significant resources were once again invested in technological solutions and the development of new products in financial 2004/2005. The Deskline® enquiry management system, for example, now features a further innovative module in the form of the Deskline® enquiry pool. In collaboration with the Gstaad Saanenland Tourist Office, feratel developed a destination-based Hotel Yield Management System as a new add-on module for Deskline® in the period under report.

Within the feratel Panorama offering, a platform was developed that permits broadcasting companies to download the latest feratel weather cams and incorporate them in their programs. This facility for producing individual weather cam combinations is currently being employed by the Spanish weather channel Canal Méteo and is used for transmissions from feratel’s French camera locations to La Châine Météo.

Outlook In the current financial year, feratel can expect a continuation of the positive mood on its core markets in Austria, Germany and Switzerland. The projects recently completed with very good results on various new markets will provide a positive stimulus for continued market penetration in those countries. Following the successful positioning of feratel products in Hungary and the Benelux countries, the focus of the company’s international expansion policy is now France and Spain. In the new EU member countries, too, feratel media technologies AG will continue to pursue a policy of expansion.

"In the present situation, business developments in the course of the year can be expected to be determined by positive factors, and key re-organizational measures have already been completed. To that extent feratel’s goal for the current financial year is a further improvement in results", says Schröcksnadel in conclusion.

Financial 2004/2005 in figures (Austrian Commercial Code)

@@start.t2@@                                                              2004/2005                         2003/2004
                                                                 TEUR                                  TEUR
Sales                                                        15,408.9                          15,740.2
Income from operations                            16,925.6                          16,498.5
EBITDA                                                        2,739.4                            1,839.6
EBIT                                                              373.5                                  2.6
EBT                                                                539.8                                653.9
Consolidated net income                                510.6                                387.2
Net operating cash flow                            3,280.5                            3,059.4
Equity ratio                                                  66 %                                 64 %
Proposed dividend                                 7 Eurocent                        6 Eurocent@@end@@

@@start.t3@@end of announcement                                                 euro adhoc 21.07.2005 08:37:16

ots Originaltext: feratel media technologies AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Herr Fritsch Martin

Branche: Technology
ISIN:      AT0000737804
WKN:        073780
Börsen:    Berliner Wertpapierbörse
                Baden-Württembergische Wertpapierbörse
                Frankfurter Wertpapierbörse
                Bayerische Börse
                Wiener Börse AG

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