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Abonner OnVista AG

OnVista AG

euro adhoc: OnVista AG
quarterly or semiannual financial statement
OnVista Group above plan in the first nine months: Sales +35%
Overproportional growth in profit
Annual projections raised

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
14.11.2005
OnVista AG (DE0005461602) exceeded its own expectations by far in the
third quarter as well as in the entire 9 months period in 2005. The
company also recorded strong growth and advanced in all performance
categories overproportional to sales. The excellent business trend
was due in particular to the Media business segment. This segment
comprises the internet activities (OnVista finance portal, Onmeda
healthcare portal, Ligatus performance marketing network) remaining
in the Group following the sale of the IS.Teledata investment.
In the first 9 months, group sales amounted to Euro 6.86 mill. This
represents an increase of 35% compared to the same period last year
(9 mths./04: Euro 5.08 mill.). In relation to the third quarter,
revenues grew by 44% to Euro 2.64 mill. (Q3/04: Euro 1.83 mill.).
Group sales were generated entirely in the Media business segment.
All key performance figures steadily improved over the three quarter
period. The key performance figures were distinctly positive and
exceeded last year's figures both in the third quarter and in the 9
months period.
In the 9 months period, EBITDA rose by 92% to Euro 0.65 mill. (9
mths./04: Euro 0.34 mill.). The improvement was even more distinct
when looked at in terms of the quarterly results. While EBITDA was
negative in the third quarter of 2004 at '000 Euro -56, it amounted
to Euro 0.41 mill. in the quarter under review.
EBIT increased more than tenfold in the 9 months period and totalled
Euro 0.31 mill. (9 mths./04: '000 Euro 28). The third quarter of 2005
alone contributed Euro 0.29 mill. to the 9 months EBIT. This
corresponds to an EBIT margin of 11%. In the comparable quarter in
2004, EBIT was still negative at Euro -0.16 mill.
Below the line, OnVista AG achieved a pre-tax group result of Euro
1.36 mill. in the first 9 months of 2005 (9 mths./04: Euro 0.78
mill.; +75%). As a result, OnVista already generated the pre-tax
result originally forecast for the year as a whole within a nine
months period. The pre-tax profit to sales ratio came to 20% in the
period under review. The third quarter alone contributed more than
50%, namely Euro 0.74 mill. (Q3/04: Euro 0.12 mill., +500%).
The net income in the first nine months of 2005 totalled Euro 0.91
mill. - double the amount of last year (Euro 0.46 mill.; +99%). Here
too, the excellent third quarter in particular had a positive effect
on the performance with Euro 0.48 mill. (Q3/04: '000 Euro 60; +
700%).
As at 30 Sep. 2005, cash and cash equivalents of the OnVista Group
amounted to Euro 23.49 mill (31.12.2004: Euro 22.61 mill.). The cash
value per share stood at Euro 3.51 (31.12.2004: Euro 3.38). If one
adds the inflow of funds expected for Q4/05 from the disposal of the
36% stake in IS.Teledata AG, the cash value per share totals Euro
5.79.
As a result of the highly positive performance in the Media business
segment and the positive prospects, the Executive Board has raised
its annual projections. For the financial year 2005, OnVista AG now
envisages group sales to distinctly exceed Euro 9 mill. This would
correspond to an increase of around 30% compared to sales in 2004
(Euro 6.95 mill.). The pre-tax group result is to advance by almost
60% to more than Euro 1.5 mill. (2004: Euro 0.92 mill.) (previous
forecast: sales Euro 8 mill., pre-tax result Euro 1.38 mill.). Since
neither the Technologies or the Corporate Services segments will
contribute a profit to the group result, the projected pre-tax result
is expected to be generated entirely in the Media business segment.
Since the proceeds accrued in the tax accounts from the sale of the
IS.Teledata investment must be taxed at the full rate, the after-tax
group result under IFRS will be burdened by a one-off special effect
in the amount of around Euro 1.5 mill. The group net income and
consequently also the earnings per share 2005 will, in all
probability, be negative as a result. However, the after-tax group
result is expected to be positive in the individual accounts of
OnVista AG under HGB (German Commercial Code), which are relevant for
the company's ability to pay a dividend.
Consolidated financial statements under IFRS; detailed press release
(German language only): www.onvista-group.de section 'Presse'; the
full quarterly report will be published soon at:
www.onvista-group.de, section 'Investor Relations': http://www.onvist
a-group.de/en/investor-relations/finance-publications.html
Contact: Anja Seipp, Tel. +49 2203/9146-306, Email  ir@onvista.de
end of announcement                               euro adhoc 14.11.2005 07:59:18

Further inquiry note:

Anja Seipp
Head of Public and Investor Relations
Tel. +49(0)2203 9146 306
Mobil: +49 (0) 160 802 9981
E-Mail: ir@onvista.de

Branche: Computing & Information Technology
ISIN: DE0005461602
WKN: 546160
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

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