feratel media technologies AG

euro adhoc: feratel media technologies AG
Quarterly or Semiannual Financial Statements
feratel: Sales increase of 34 percent in the 3rd quarter, EBITDA improved by over 80 percent, EBT by just under 60 percent on the same period last year (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- In the 3rd quarter (November 1 to January 31) of the fiscal year 2001/2002, the sales figures of the e-tourism and media group feratel media technologies AG, listed in the specialist market of the Vienna Stock Exchange, rose by 34 percent to 6.4 million Euro compared with the same period of the preceding year. During the same period the operating performance increased to 6.7 million Euro. This increase is attributable both to organic growth and acquisitions. The plus 67 percent jump in sales compared with the 2nd quarter of the current financial year is partly also attributable to the fact that feratel records most of the proceeds from the telecommunication segment in the third and fourth quarters. "In all, the business development was satisfactory and resulted in the company’s by far most successful quarter both in terms of sales and in terms of profit", said Markus Schroecksnadel, feratel Chief Executive, delightedly. The EBITDA showed an improvement of approximately 80 percent on the third quarter of the preceding year to 1.8 million Euro, while the quarterly EBIT more than doubled, amounting to 0.9 million Euro. The EBT before goodwill amortization amounted to 1.37 million Euro (versus 0.8 million Euro), the quarterly EBT, amounting to 0.96 million Euro (versus 0.6 million Euro), was clearly positive. The result for the first three quarters of the current financial year is a sales increase of 47 percent to 13.4 million Euro and a 46 percent increase of the operating performance to 14.3 million Euro. The EBITDA of the first three quarters, amounting to approximately 11 percent (versus 6 percent) of the sales, was 1.4 million Euro, more than double the amount of the preceding year. Slowdown in Germany Whereas the Austrian tourist industry is looking back on an extremely successful winter season, and the Swiss tourist industry recorded slight losses due to the strong franc, the German tourist industry had been affected noticeably by the negative economic environment in Germany. In the calendar year 2001, the number of overnight stays for German tourists decreased, for visitors from abroad even by 4.4 percent. Due to the bad general economic situation the public authorities, main customers of feratel’s in Germany, were forced to take austerity measures. The propensity to invest was extremely curbed, and as a result the sales fell clearly behind the expected rates. Continued high goodwill amortization The strong increase in goodwill amortizations - due to acquisitions - also showed a negative impact on the result. The accumulated EBT of the first three quarters, amounting to approximately minus 1 million Euro (versus minus 0.3 million Euro before), was within the range of the managing board’s expectations. Outlook feratel continues its expansion course. At present, preparations are being made for entering the markets of central and southern Italy and France. Interesting projects could also crop up in Russia, Slovenia, and in the Arab countries. "Despite the unfavorable overall market development in Europe and specifically the bad situation in Germany at present, feratel will continue to use potentials of growth and market occupancy, even if margin reductions must be accepted temporarily", said Markus Schroecksnadel. He said that from today’s standpoint a lower result than expected had to be anticipated due to the sluggish development in Germany, but nevertheless a clearly positive EBITDA above that of the preceding year could be expected. Mr. Schroecksnadel concluded by saying that the expected sales increase over last year’s level, a percentage within the attractive two-digit range, was well-secured. Consolidated Balance Sheet at 31 January 2001 (in TEUR) (according to International Accounting Standards) Assets Non-current assets 26.502,7 Deferred taxes 1.581,5 Current assets and prepaid expenses 21.663,9 Liabilities Shareholders´equity 35.103,7 Minority interest 295,8 Long-term liabilities 2.691,7 Deferred tax liabilities 192,1 Short term liabilities and deferred income 11.464,8 Balance sheet total 49.748,1 Consolidated income statement (in TEUR) (according to International Accounting Standards) 3rd Quartler 2001/2002 3rd Quarter 2000/2001 Sales 6.419,8 4.798,7 Operating revenues 6.669,2 5.057,1 EBIT 910,5 433,5 EBT 957,2 606,2 Net profit/loss for the period 463,4 276,0 EBITDA 1.765,6 978,6 EBITA 1.324,9 634,4 EBTA 1.371,6 807,1 1-3 Quarter 2001/2002 1-3 Quarter 2000/2001 Sales 13.420,1 9.128,7 Operating revenues 14.252,0 9.776,8 EBIT -1.063,4 -474,4 EBT -990,2 -254,7 Net profit/loss for the period -986,6 -270,0 EBITDA 1.444,9 579,9 EBITA 176,9 -132,4 EBTA 250,1 87,3 end of announcement euro adhoc 28.03.2002 --------------------------------------------------------------------- Further inquiry note: For further questions please contact: Mr. Martin Fritsch, Investor Relations, Telephone: 0512/7280-405, e-mail: martin.fritsch@feratel.com Ms. Evelyn Geiger, Telephone: 0512/7280-407, e-mail: evelyn.geiger@feratel.com Branche: Tourism & Leisure ISIN: AT0000737804 WKN: 73780 Börsen: Baden-Württembergische Wertpapierbörse, Bayerische Börse, Frankfurter Wertpapierbörse, Handelsüberwachung der Berliner Wertpapierbörse, Wiener Börse AG Original-Content von: feratel media technologies AG, übermittelt durch news aktuell

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