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feratel media technologies AG

euro adhoc: feratel media technologies AG
Quarterly or Semiannual Financial Statements
feratel: sales up by 9% in the 1st quarter of 2002/03 plus a clearly improved result (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Financial 2002/2003 began well for the e-tourism and media group
feratel media technologies AG, which is quoted on the Prime Market of
the Vienna Stock Exchange. In the first quarter (1 May to 31 July),
sales increased by 9% over the same period for the previous year to
EUR 3.4 million. That increase is based on organic growth alone.
feratel also reports positive developments in terms of results.
EBITDA was up 39% from minus TEUR 316 to minus TEUR 194. A clear
improvement over the first quarter of the previous year is reported
for the operative result (EBIT), too, which rose from minus EUR 1.1
million to minus TEUR 785, an increase of 31%.
The improved results for the first quarter are all the more pleasing
as the Telecommunications sector does the major share of its business
in the 3rd and 4th quarters whereas overheads are distributed equally
throughout the year. That means the main contribution to the result
from Telecommunications will not impact the picture until the second
half of the year.
The streamlining measures recently introduced at feratel had a
clearly positive impact in the first quarter of the financial year,
with a 9 % increase in sales accompanied by a 5% reduction in payroll
costs compared with the first quarter of 2001/02.
For the months ahead, feratel anticipates satisfactory market
conditions in Austria and Switzerland. The market situation in
Germany, on the other hand, is expected to continue to reflect the
depressed general state of the economy. In the Telecommunications
business sector feratel will retain what has hitherto been a
completely successful policy to develop new regional markets. In the
IRS sector satisfactory developments are expected based on the high
level of customer acceptance for feratel´s software systems and the
new Informator generation. In the Media business sector, the
co-operation agreement signed with E-Plus is to be seen as proof of
the effectiveness of the systems with regard to future content
dissemination via mobile telephony. In spite of a general economic
headwind confronting feratel in a number of regions, the company is
therefore expecting a substantial increase in sales based exclusively
on organic growth in the current financial year. In terms of results,
feratel anticipates a clear improvement on the operative side. The
high level of liquidity underscores the healthy state of the feratel
organization.
~
Consolidated Balance Sheet (in TEUR)
31.7.2002      30.04.2002
Assets
Non-current assets                 13,556.0       13,776.6
Deferred taxes                      2,196.2        2,354.6
Non-current receivables               330.6          330.6
Current assets and
prepaid expenses                   17,742.0       20,195.4
Liabilities
Shareholders’ equity               21,877.0       22,642.1
Minority interests                    189.6          190.8
Long-term liabilities                 526.9          514.6
Deferred taxes                          0.0          196.3
Short-term liabilities and
deferred income                    11,231.3       13,113.4
Balance Sheet Total                33,824.8       36,657.2
Consolidated Income Statement (in TEUR)
1st Quarter 2002/2003 1st Quarter 2001/2002
Sales                      3,446.9              3,167.5
Operational output         3,718.9              3,492.6
EBIT                        -784.8             -1,134.0
EBT                         -787.9             -1,187.1
EBITDA                      -193.6               -315.6
~
end of announcement        euro adhoc 27.09.2002

Further inquiry note:

For further questions please contact: Martin Fritsch feratel media technologies AG,
Maria-Theresien-Straße 8, A-6020 Innsbruck, Phone: +43(0)512/7280-0, Fax: +43(09512/7280-80, E-Mail:
martin.fritsch@feratel.com

Branche: Tourism & Leisure
ISIN: AT0000737804
WKN: 073780
Index: ATX Prime, ViDX, WBI
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Wiener Börse AG / official dealing

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