20.12.2004 – 08:28

feratel media technologies AG

euro adhoc: feratel media technologies AG
Quarterly or Semiannual Financial Statements
Clear improvement to earnings ratios for the first half of the year

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"Results for the first half of the year were in line with the
company’s expectations. We are happy to report that, in keeping with
the company’s objectives, all key earnings ratios again showed a
significant improvement," says Markus Schröcksnadel, CEO at feratel
media technologies AG.

"At EUR 5.6 million, consolidated sales remained stable in the
period-to-period comparison. Consolidated EBITDA improved
significantly from minus TEUR 545.5 in the first half of the previous
year to minus TEUR 173.7 in the first half of 2004/05. Consolidated
EBIT also showed a marked improvement from minus EUR 1.5 million to
minus EUR 1 million," Schröcksnadel continues.

In this context it should be pointed out that in the
Telecommunications Division sales are always concentrated in the
second half of the financial year, while overheads are distributed
equally over the year. Budgeted income for the division is therefore
always significantly lower for the first half of the year, with
higher figures for the second half to compensate the situation and
generate a positive year-end result.

Highlights of the first half of 2004/2005
In July 2004 transmission of feratel weather cams was introduced by
the Dutch television station TROS-NED 2, the country’s biggest family
broadcasting company, whose programs also reach audiences in Belgium
and Luxembourg. In the period under report a new camera location was
established in the Netherlands, in Grou. This means feratel now has
six camera locations in the Netherlands, namely Drachten, Ijmuiden
aan Zee, Sluis, Utrecht, Vlissingen and Grou.

Val di Fassa, the biggest tourism region in the Trentino, was
recruited to the customer base for feratel’s Deskline® information
and reservation system in the first half of the financial year. That
further strengthens feratel’s position in Italy. In Val die Fassa,
some 300 businesses with a total of 16,000 beds are currently
integrated in the Deskline® information and reservation system. As of
this winter season, the region’s eight tourist offices will be
working with the new system.

In October 2004 a new feratel development team was established in
Bulgaria. They are currently working on a software solution for a
visitor orientation module for Munich.

Outlook
"Following our successful entry into the Benelux market with
Telecommunications in the last few months, we are expecting further
positive developments there in the months to come. That also applies
to IRS. In France, too, we are confident that a number of specific
projects will generate earnings in the next few months."

"In the case of Information and Reservation Systems we anticipate a
continuation of our stable business position, with additional
positive effects possible from international projects," says
Schröcksnadel.

In the legal action taken against feratel media technologies GmbH /
Deutschland over the sum of EUR 290,000 plus interest, the appeal
court has ruled in favor of the plaintiff. The amount accordingly has
to be provided for as an expenditure in the 3rd quarter of 2004/2005.

"For the next two quarters feratel is expecting further improvements
in sales and results," says Schröcksnadel in conclusion.

Extract from the Consolidated Income Statement (in TEURO)

For reasons of economy and practicability, this half-yearly balance
sheet for the period 1 May to 31 October 2004 of feratel media
technologies AG was drawn up pursuant to the provisions of the
Austrian Commercial Code (HGB).

~                                2004/2005           2003/2004

Sales                              5,645.0             5,755.8
Income from operations             6,101.3             6,072.1
EBITDA                              -173.7              -545.5
EBIT                                -996.5            -1,466.5
EBT                                 -989.0            -1,441.8

end of announcement                    euro adhoc 20.12.2004 07:51:28 

Further inquiry note:

Herr Fritsch Martin

Branche: Tourism & Leisure
ISIN: AT0000737804
WKN: 073780
Index: Standard Market Auction
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing

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