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broadnet mediascape communications AG

euro adhoc: broadnet mediascape communications AG
Quarterly or Semiannual Financial Statements
broadnet mediascape presents first quarterly report 2004 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
broadnet mediascape presents first quarterly report 2004:
EBITDA with TEUR 348 positive; growth in revenues of 7 %  to TEUR
6,794 compared to TEUR 6,322 in the fourth quarter 2003 
Hamburg, May 25, 2004 - broadnet mediascape communications AG (ISIN
DE0005490866) achieved again a positive EBITDA with TEUR 348 in the
first quarter 2004 and improved the operating result by 4 % compared
to the fourth quarter 2003. Compared to an EBITDA of TEUR 116 in the
first quarter 2003 the EBITDA was improved by 200 %. The group`s EBIT
in the first quarter 2004 amounted to minus TEUR 2,750 after minus
TEUR 3,839 in the previous quarter and was improved by 28 %. The
scheduled depreciations resulted to a large degree from wireless
equipment, especially from the takeover of the subsidiary Broadnet
Deutschland GmbH. These depreciations will continue to drop
considerably in the second half of 2004, thus improving the result
sustainable. broadnet mediascape generated revenues of TEUR 6,794 in
the first quarter 2004 compared to revenues of TEUR 6,322 in the
fourth quarter 2003. Despite a still difficult economic surrounding
the company was able to improve its revenues by 7 %. At the end of
the first quarter 2004 broadnet mediascape had liquid funds of TEUR
27,843 (First quarter 2003: TEUR 31,472) compared to TEUR 29,849 at
the end of the fourth quarter 2003. The company posted equity of TEUR
44,718 (First quarter 2003: TEUR 58,563). At the end of the fourth
quarter 2003 the company posted equity of TEUR 47,113. The equity
ratio was again positively high at 82 % in the first quarter of 2004.
broadnet mediascape generated earnings per share of minus EUR 0.16
compared to minus EUR 0.20 in the fourth quarter 2003 and compared to
minus EUR 0.22 in the first quarter 2003. In the first quarter 2004
an average of 15,709,676 shares circulated. The company had 182
employees compared to 185 employees at the end of the fourth quarter
2003. broadnet mediascape is consistently pursuing its strategy of
strict cost management and plans to have a positive EBITDA for the
fiscal year 2004. Nevertheless, the company will not optimize EBITDA
at the expense of growth this fiscal year. Next to the organic growth
broadnet mediascape plans to take advantage of opportunities for
inorganic growth provided that it makes strategic sense for the
company.
Contact:	
broadnet mediascape communications AG, Manager Corporate
Communications, Britta Cirkel, phone: +49 40 66 86 100 
b.cirkel@broadnet-mediascape.de
end of announcement        euro adhoc 25.05.2004

Further inquiry note:

Britta Cirkel
Manager Corporate Communications
+49(0)40 668610-640

Branche: Telecommunications Equipment
ISIN: DE0005490866
WKN: 549086
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

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