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Abonner feratel media technologies AG

feratel media technologies AG

euro adhoc: feratel media technologies AG
Quarterly or Semiannual Financial Statements
feratel: twin-digit growth in sales in Telecommunications in the third quarter of 2002/2003, downturn in IRS in Germany, EBT clearly positive (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
In the first nine months of financial 2002/2003 feratel media
technologies AG, whose stocks are quoted on the Vienna Stock
Exchange, turned in a creditable performance in a generally difficult
operating environment. The downturn reported in sales in the third
quarter, namely EUR 5.6 million after EUR 6.4 million for the same
period of the previous year, was due to the extremely depressed state
of the German market and a consequent decline in sales in the
Information and Reservation Systems segment on the one hand, and to
significant one-off income items included in the previous year’s
figures relating to sales of the hobooBox interface and hoboo.com
Internet reservation software on the other. Discounting these one-off
items, an increase in sales of almost two percent was achieved in the
period-to-period comparison. This increase was the result of positive
developments with regard to sales in Austria. Sales were also
satisfactory in Switzerland.
At approximately EUR 280,000, earnings before taxes (EBT) for the
third quarter of financial 2002/03 were clearly positive, as they
were in the same period of the previous year, and - discounting
income from sales of hobooBox and hoboo.com - show a marked
improvement. As a result of the seasonal character of the feratel
business model, EBT for the first three quarters of financial
2002/2003 was negative at EUR - 1.1 million. In the Telecom segment
in particular, the third and fourth quarters always account for the
major share of annual earnings, whereas expenditures are distributed
over the entire year. EBITDA for the first nine months of the
business year came to approximately EUR 935,000.
Sales in the Telecommunications segment increased by 12 percent to
EUR 5.6 million in the first nine months of 2002/2003 compared with
EUR 5.0 million for the same period of the previous year. In the
third quarter, the increase was no less than 20 percent. In the
Information and Reservation Segment sales fell from EUR 7.2 million
to EUR 5.5 million in comparison with the first three quarters of
financial 2001/2002. This is a reflection of a clear downturn in
Germany plus the one-off income items mentioned above in the figures
for the previous year deriving from sales of hobooBox and hoboo.com
software. In the Media segment an increase in sales to EUR 1.6
million after EUR 1.3 million in the first three quarters of the
previous year reflects the pattern of continuous growth achieved
despite the slow pace of developments in the field of content
providing.
The climate of political and economic uncertainty will persist in the
months ahead. Developments in the war against Iraq could have
negative impacts on the travel trade and on capital spending within
the tourism industry. There are no signs of an improvement with
regard to the state of the German market. It is therefore difficult
to make accurate predictions concerning future developments in our
business. With regard to financial 2002/2003 as a whole, however,
feratel can look forward to a satisfactory performance, and the goal
of paying a dividend continues to apply.
~Consolidated Balance Sheet (in TEUR)
31.1.2003        30.4.2002
Assets
Non-current assets                       13,736.0          13,776.6
Deferred tax assets                       2,049.0           2,354.6
Non-current receivables                       0.0             330.6
Current assets and prepayments           18,177.0          20,195.4
Liabilities
Shareholders´ equity                     21,542.4          22,642.1
Minority interest                             0.9             190.8
Long-term liabilities                     1,095.9             514.6
Deferred tax liabilities                      0.0             196.3
Short-term liabilities, accruals 
and deferred income                      11,322.8          13,113.4
Balance Sheet total                      33,962.0          36,657.2
Consolidated Income statement (in TEUR)
3rd Quarter 2002/2003   3rd Quarter 2001/2002
Sales                            5,584.3                 6,419.8
Income from operations           6,000.0                 6,669.2
EBIT                               382.4                   910.5
EBT                                283.6                   957.2
EBITDA                           1,064.1                 1,765.6
1st-3rd Quarter 2002/2003   1st-3rd Quarter 2001/2002
Sales                      12,679.2                  13,420.1
Income from operations     14,244.6                  14,252.0
EBIT                         -987.0                  -1,063.4
EBT                        -1,094.8                    -990.2
EBITDA                        935.3                   1,444.9
end of announcement        euro adhoc 31.03.2003

Further inquiry note:

For further questions please contact: Martin Fritsch, feratel media technologies AG,
Maria-Theresien-Straße 8, A-6020 Innsbruck, Phone: +43 512 7280-0, Fax: +43 512 7280-80, E-Mail:
martin.fritsch@feratel.com

Branche: Tourism & Leisure
ISIN: AT0000737804
WKN: 073780
Index: ATX Prime, ViDX, WBI
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Wiener Börse AG / official dealing

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