OnVista AG

ots Ad hoc-Service: OnVista AG COMMENT TO THE ad-hoc released March 20th, 2001, 8:21

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ---------------------------------------------------- Köln (ots Ad hoc-Service) - COMMENT TO THE ad-hoc released March 20th, 2001, 8:21 am: 20 March.2001, Successful Financial Year 2000 / OnVista AG records seven-fold increase in sales and generates net income for the year for the first time. According to the figures published today by OnVista AG (DE0005461602), a leading provider of high quality financial information and analysis tools for electronic media in Germany, the company was able to substantially exceed its sales targets in the financial year 2000 as well as generating profits for the first time, as predicted. In the last financial year, OnVista recorded Group sales in accordance with US GAAP in the amount of Euro 8.24 mill. As a result, OnVista not only achieved a seven-fold increase in total sales over the previous year (Euro 1.19 mill.) but also surpassed its own budgeted figures (Euro 6.6 mill.) by 25 percent. The Group net income for the year under US GAAP amounted to Euro 0.31 mill. This compares to a loss of Euro 0.11 mill. in 1999. For the first time, the company also achieved a positive EBIT across the entire year, which amounted to Euro 0.20 mill. compared to Euro -0.23 mill. in the previous year. EBITDA amounted to Euro 1.22 mill. This represents a plus of Euro 1.33 mill. compared to 1999 (Euro -0.11 mill.). Earnings per share amounted to EUR 0,05. Cash and cash equivalents, including freely disposable mortgage bonds, amounted to Euro 32.78 mill. as at 31 December 2000. Of the Group's total sales, the licensing revenue source generated 53 percent (Euro 4.36 mill.; previous year Euro 0.73 mill.), with advertising contributing 41 percent (Euro 3.39 mill.; previous year: Euro 0.46 mill.). In the financial year 2000, the company developed a completely new revenue source - eCommerce, which contributed around five percent or Euro 0.39 mill. to total sales. Over the four quarters of last year, OnVista was able to steadily increase both its sales performance as well as the relevant key corporate results. For the financial year 2001, the company has budgeted sales of around Euro 20 mill. and also envisages a further improvement in respect of the net income for the year, EBIT and EBITDA. All figures: annual consolidated financial statements in accordance with US GAAP. Contact: S. Bohlmann, IR, Tel. +49 2203/9146-220, email: ir@onvista.de / A. Seipp, PR, Tel. +49 2203/ 9146-306, email: presse@onvista.de WKN: 546160; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover München und Stuttgart End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: OnVista AG, übermittelt durch news aktuell

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