EANS-Adhoc: feratel media technologies AG
feratel publishes the figures for Q3
2008/2009
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9-month report
31.03.2009
Consolidated sales for the first nine months increased to EUR 21.5 million compared with EUR 20.7 in the same period of the previous year, while EBT improved from minus TEUR 312.0 to minus TEUR 106.4.* EBIT stood at minus TEUR 41.5 after minus TEUR 145.8, while EBITDA deteriorated from EUR 3.1 million to EUR 2.7 million.
In the third quarter of the 2008/2009 business year, sales at feratel media technologies AG totaled EUR 12.0 million compared with EUR 11.9 million in the same period of the previous year. Earnings before taxes (EBT) for the third quarter came to EUR 2.0 million compared with EUR 1.9 million, and the operating result (EBIT) amounted to EUR 2.0 million after EUR 1.9 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at EUR 3.1 million compared with EUR 3.3 million.
feratel develops innovative products for the tourism and advertising industries in three core areas: Telecommunications, Information and Reservation Systems, and Media. It is still unclear to what extent tourism and advertising will be impacted by the effects of the recession and business developments will suffer in the medium term.
In the period under report the company again made its mark with its new Deskline 3.0 database, the outdoor information terminals that are always a big export item (this time to Greece, Germany, Switzerland, the Netherlands and Italy), orders for two big visitor card projects in Montafon and Leogang / Saalfelden (IRS Division), further extensions to the company's Europe-wide network of panoramic cameras in Austria, Switzerland and Slovakia (Telecommunications Division), and additions to the Media Division's product portfolio in the form of a car-park routing system and lift access gate. As a result, feratel was once again able to maintain its role as a leading developer and provider of tourism information systems and innovative advertising media on the international market.
Outlook
The uncertainty confronting the tourism industry was very much evident at the ITB, the world's biggest tourism trade show, which took place in Berlin in mid- March. Industry predictions for 2009 were more than restrained. "The crisis as an opportunity" - that was the tenor of several of the press conferences held there. Specific demand in tourism, which is influenced by available income, the households' travel budgets and consumer confidence, will vary from country to country and from region to region depending on the state of the local economy and labor market as well as on consumer confidence. Destinations with a good price/performance ratio will definitely have an advantage. "The quality of the available information, advice and service will have an even more important function in the future and will often prove decisive. In this context, feratel offers the tourism industry a wide range of efficient tools, but at the present moment it is hard to predict the extent to which the industry will continue to make use of such tools and thus generate demand for feratel's products and services. At all events, a certain slackening in demand must be expected. And in addition to tourism, advertising is another field of business for feratel media technologies AG that is affected by today's difficult economic situation, and companies can be expected to take an even more critical view of their budgets and future communications investments," says CEO Dr. Markus Schröcksnadel with regard to current prospects.
Figures for 3rd quarter of 2008/2009 and 2007/2008 and year-end 07/08 (pursuant to IFRS)
Q3 08/09 Q3 07/08 07/08 Sales 12,045.7 11,938.7 29,139.4 Income from operations 12,665.4 12,496.3 30,935.9 EBITDA 3,104.6 3,277.8 5,615.7 EBIT 2,059.7 1,903.0 1,425.4 EBT 2,049.4 1,858.1 1,189.7
Figures for the first nine months of 2008/2009 and 2007/2008 and year-end 07/08 (pursuant to IFRS)
Q1-Q3 08/09 Q1-Q3 07/08 07/08 Sales 21,538.9 20,726.9 29,139.4 Income from operations 22,682.8 21,803.7 30,935.9 EBITDA 2,672.1 3,126.6 5,615.7 EBIT - 41.5 - 145.8 1,425.4 EBT - 106.4 - 312.0 1,189.7
* For the consolidated financial statements at 30.04.2008, the useful life of intangible assets as identified from the amount of the difference was adjusted. This method has been employed unchanged but has not been applied to the figures for the same period of the previous year. Had it been employed for the first three quarters of 2007/2008, depreciation would have been lower by TEUR 338.0.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Gabriela Huter, PR & Marketing, feratel media technologies AG,
Maria-Theresien-Strasse 8, A-6020 Innsbruck, fon +43 512 7280-407, fax +43 512
7280-80, mail gabriela.huter@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 von: feratel media technologies AG, übermittelt durch news aktuell