OnVista AG

ots Ad hoc-Service: OnVista AG OnVista AG presents third quarter 2000 report

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    Cologne (ots Ad hoc-Service) -      

    Company operates in the black in the first nine months of 2000 / Sales increase more than sixfold compared to the same period last year

    OnVista AG (DE0005461602), Germany's leading provider of high quality financial information and analysis tools on the Internet, has reached break even, a mere two year after the formation of the company. In the first nine months of the current business year, the company edged into a positive result under US GAAP, recording a group income of Euro 80,888. Group sales amounted to Euro 4.7 million and exceeded the company's budgeted figures of Euro 3.9 million by around 20 percent. Compared to the same period last year (Euro 0.7 mill.), this represents a more than sixfold increase in sales. EBITDA for the first nine months of the year amounted to Euro -41.108. The company was able to generate steady growth in sales, results and EBITDA from the first quarter over the second and right through to the third quarter. In the third quarter of 2000, the OnVista Group achieved sales in the amount of Euro 2.1 million. This represents an increase of 29 percent compared to the previous quarter (Euro 1.6 mill.). In the same period, the company was able to produce a financial surplus for the second consecutive quarter, recording a group income of Euro 0.2 million. This represents a close to fivefold increase over the previous quarter. For the financial year 2000 as a whole, the company expects to generate group sales of at least Euro 6.6 million as well as a positive group result. (Nine months financial statements according to US GAAP; nine months financial statements 1999 are not available for comparison; the third quarter 2000 report can be downloaded at: www.onvista.de, under the heading 'Investor Relations'). Contact: Stefan Bohlmann, Investor Relations, Tel: +49 2203/9146-220, email: stefan.bohlmann@onvista.de / Anja Seipp, Public Relations, Tel: +49 2203/ 9146-306, email: anja.seipp@onvista.de

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