Feratel Media Technologies AG

  • WKN: 73780
  • ISIN: AT0000737804
  • Land: Austria

Nachricht vom 29.06.2001 | 08:48

Feratel Media AG english

Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.

----- feratel media technologies AG: Financial year 2000/2001 - Increase in sales of 59 per cent - Results positiv Growth goals have been significantly exceeded feratel media technologies AG, listed on the specialist market of the Vienna Stock Exchange since last July, increased its turnover by 59 per cent from EUR 9,36 to 14,88 million in the last financial year (1.5.200-30.4.2001). The company's income from operations increased from EUR 9,71 million to 15,90 million. feratel exceeded all growth goals set at IPO significantly. Attractive acquisitions, strengthening of the market position feratel's first year on the stock exchange was marked by active acquisition policy. Along with INTOURS Partner GmbH, the biggest provider of information and booking systems in Germany, feratel acquired TOURIST online AG, the biggest provider within the same business sector in Switzerland. Another five companies were acquired, so that feratel has strengthened its market position within the IRS business sector in Europe and has developed the tourism-related content considerably. Results positiv Results were charged for a short time due to follow-up cost incurred by expansion. EBITDA of EUR 1,93 million was a little less than the one of the previous year (EUR 2,46 million). EBIT before goodwill amortization amounted to about EUR 737 thousand over 1,17 million. EGT before goodwill amortization amounted to EUR 913 thousand (following EUR 1,10 million), EGT after goodwill amortization to EUR 177 thousand. As feratel opted for growth through acquisitions, short-term follow-up costs, especially for personnel and other business expenditures, were high due to acquisitions. To make full use of the synergies always takes some time. The result is also influenced by high goodwill amortizations caused by the acquisitions and by one-time costs through start-up problems when the Dutch market was entered. This has already been counteracted by a change of management. end of ad hoc announcement (c) DGAP 29.06.2001 Issuer's information/explanatory remarks concerning this ad hoc announcement: Key financial ratios according to IAS (in thousand EURO) Consolidated balance sheet 30.4.2001 30.4.2000 (pro-forma) Assets Non-current assets 27.064,5 6.125,3 Deferred tax 1.522,7 Current assets 19.630,4 3.474,6 Liabilities Shareholders equity 35.901,6 4.722,1 Minority interest 337,6 Long-term liabilities 2.547,6 968,9 Deferred tax 240,6 Short-term liabilities 9.190,2 3.908,9 Balance-sheet total 48.217,6 9.599,9 Consolidated income statements 2000/2001 1999/2000 Sales 14.877,4 9.364,9 Income from operations 15.897,9 9.709,0 EBITDA 1.934,3 2.464,1 EBIT before depreciation of goodwill 736,6 1.167,8 EBIT 1,2 1.167,8 EBT before depreciation of goodwill 912,8 1.103,1 EBT 177,4 1.103,1 Attractive acquisitions, strengthening of the market position feratel's first year on the stock exchange was marked by active acquisition policy. feratel very soon had the opportunity to cooperate with its two main competitors in the IRS sector. Already in August 2000 INTOURS Partner GmbH, Germany's biggest supplier of information and booking systems, was taken over, together with Deutschland Touristik GmbH (DTG)/Wangen, specialized in tourism /new media. The Swiss company CBS specialized in tourism picture transmission systems was also acquired in August. In September 2000 58 per cent of the Baden Württemberg Tourismus Service GmbH was incorporated. In January 2001 feratel acquired the biggest supplier of information and booking systems in Switzerland, TOURIST online AG and the Austrian supplier of live weather panorama pictures, Panorama Video GmbH. hoboo.com Software GmbH, specialized in online booking systems, was taken over in February 2001. These acquisitions have strengthened feratel's market position within the IRS business sector in Europe and feratel has developed its tourism content considerably. Integration policy has been started As acquisition policy has been successful, the emphasis is now put on optimum integration of the new subsidiaries and participations. Synergies of both research/development and sale will be utilized. The international development potential will be used. The whole product range of feratel will now also be marketed by the new subsidiaries and participations, single business sectors will re-structured, resources will be concentrated. Outlook feratel expects further increase in sales and market share due to the acquisitions. 'In the coming months we are planning to broadcast our weather panorama television also in Hungary. We want to reach the French market via the Swiss subsidiary TOURIST online AG', says feratel manager CEO Markus Schröcksnadel. Synergies and integration management will also have positive effects on the costs, so that an improvement of EBITDA and EBIT spread is expected for the coming financial year. For more information contact: feratel media technologies AG, Maria-Theresien-Straße 8, A-6020 Innsbruck, 0043/(0)512/7280-0 Martin Fritsch: Investor Relations, martin.fritsch@feratel.com Evelyn Geiger, Public Relation & Marketing, 0043/(0)664/1840026, evelyn.geiger@feratel.com
----- WKN: 073780; Index: Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München, Stuttgart 290848 Jun 01

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