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euro adhoc: feratel media technologies AG
Continued growth in financial 2001/02 - Non-scheduled goodwill amortization based on a conservative assessment of the media market (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Innsbruck, 9 July 2002. For financial 2001/2002 feratel media
technologies AG report continued growth in line with expectations.
The provisional figures reflect a 22% increase in consolidated sales
to EUR 18,2 million.
In accordance with the corporation’s cautious financial presentation
policy and following a re-appraisal of the media market, the feratel
Board has decided to include in the 2001/02 financial statements an
item for non-scheduled goodwill amortization totaling approximately
EUR 12,5 million.
This measure relates to holdings with business models based on strong
growth in mobile and Internet content. The decision has been taken in
response to the delayed introduction of new mobile communications
technologies and figures showing Internet content sales to be falling
short of predictions.
This goodwill amortization item has no influence on either feratel’s
operative business or liquidity; it is a purely technical
extraordinary balance sheet item. For the future, the corporation
continues to look forward to growth in its core business in
telecommunications and IRS, and a substantial improvement in sales
and results. The exact value of this nonrecurring adjustment is
currently being determined in co-operation with the auditors.
feratel media technologies will be reporting on further details
relating to the past business year and to future developments at the
balance sheet press conference to be held on 19 July 2002.
end of announcement        euro adhoc 09.07.2002

Further inquiry note:

Queries to: Dr. Markus Schröcksnadel, Chairman of the Board, tel. 0043/(0)512/7280-407,
e-mail markus.schroecksnadel@feratel.com

Branche: Tourism & Leisure
ISIN: AT0000737804
WKN: 73780
Index: ATX Prime, ViDX, WBI
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Frankfurter Wertpapierbörse / free trade
Handelsüberwachung der Berliner Wertpapierbörse / free trade
Wiener Börse AG / official dealing

Original content of: feratel media technologies AG, transmitted by news aktuell

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