euro adhoc: feratel media technologies AG
quarterly or semiannual financial
statement
feratel media technologies AG with the best quarterly result in the
company's
history
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
9-month report
28.03.2008
"The third quarter of 2007/2008 is by far the most successful quarter ever in the history of feratel", says CEO Markus Schröcksnadel in the light of the latest figures announced for the current financial year.
Total sales were up by 79 percent to EUR 11.9 million in the third quarter of 2007/2008 after EUR 6.7 million in the third quarter of 2006/2007. This increase also had a positive impact on profitability: The operating result (EBIT) was EUR 1.9 million compared with EUR 1.5 million, an increase of 26 percent in the period-to-period comparison. An improvement is also reported for the result from ordinary activities (EBT), from EUR 1.6 million to EUR 1.9 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at EUR 3.3 million compared with EUR 1.9 million.
Consolidated sales for the first nine months at feratel media technologies AG rose 65 percent to EUR 20.7 million after EUR 12.6 million. This increase is mainly a result of consolidation of the Sitour companies acquired in the previous year in Austria, Italy, the Czech Republic and Slovakia, as well as the growth in sales reported for the previously affiliated companies. At EUR 3.1 million compared with EUR 1.6 million, EBITDA almost doubled. A big increase over the previous year is reported for operating cash flow, which stood at EUR 4.3 million (EUR 2.8 million) after the first nine months. EBT came to minus TEUR 312.0 compared with TEUR 528.3, and the operating result to minus TEUR 145.8 after TEUR 396.1.
Trading at feratel technologies AG has always had a seasonal bias, with sales in the Telecommunications Division concentrated in the second half of the financial year, while overheads are distributed equally over the full twelve- month period. This seasonal effect is additionally reinforced by the newly consolidated Sitour companies, whose business activities also have a seasonal focus.
"In view of the extremely positive developments in the third quarter, we are convinced that the sales and earnings targeted for financial 2007/2008 by year end in April are realistic. We are expecting further improvements in the results with sales totaling some EUR 30 million," says Markus Schröcksnadel. By way of comparison, last year's EBT was TEUR 1,136.0 for a sales total of EUR 20.8 million.
Pioneer role in e-tourism
Highly dynamic developments in the field of information and communications technologies (ICT) are opening up new potential for businesses in the tourism industry. The combination of know-how, customized solutions and a strong customer focus, plus quality and flexibility have helped feratel media technologies AG achieve global recognition as a leading international developer and provider of tourism information systems and innovative advertising platforms. "With the new Deskline( ExpertClient, which we recently presented at the ITB International Tourism Fair in Berlin, feratel is once more leading the way into the future of electronic destination management. The software comes with an attractive design and above all is highly flexible. The resulting improvement in terms of workflow guarantees a customized information and reservation system for tourism organization operations at the highest level," says Markus Schröcksnadel.
Q3 2007/2008 in figures (pursuant to IFRS)
Q3 2007/2008 Q3 2006/2007
TEUR TEUR
Sales 11,938.7 6,667.2
Income from operations 12,496.3 6,931.1
EBITDA 3,277.8 1,878.5
EBIT 1,903.0 1,505.6
EBT 1,858.1 1,574.0The first nine months of 2007/2008 in figures
Q1 - Q3 2007/2008 Q1 - Q3 2006/2007
TEUR TEUR
Sales 20,726.9 12,565.5
Income from operations 21,803.8 13,116.2
EBITDA 3,126.6 1,567.8
EBIT -145.8 396.1
EBT -312.0 528.3end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Enquiries to Martin Fritsch, feratel media technologies AG,
Maria-Theresien-Str. 8, A-6020 Innsbruck, fon +43 512 7280-407,
fax +43 512 7280-80,mail: martin.fritsch@feratel.com, www.feratel.com
Branche: Tourism & Leisure
ISIN: AT0000737804
WKN: 615165
Index: WBI, Standard Market Auction
Börsen: Wiener Börse AG / official market
Original content of: feratel media technologies AG, transmitted by news aktuell