15.01.2004 – 09:01

feratel media technologies AG

euro adhoc: feratel media technologies AG
Quarterly or Semiannual Financial Statements
Consolidated sales and results on target for the first half of the financial year; personnel expenses and other operating expenses significantly reduced; new TV pa

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"The first half of financial 2003/04 developed in line with
expectations and the general economic framework for the tourism
industry," says Markus Schröcksnadel, CEO at feratel media
technologies AG.

Group sales totaled approx. EUR 5.8 million after EUR 7.1 million in
the first half of the previous year. This downturn is due primarily
to the withdrawal of ticketing business in the IRS Division following
deconsolidation of Tourismus Service GmbH at 31.1.2003.

Personnel expenses were reduced from about EUR 3.6 million in the
first half of 2002/03 to approx. EUR 2.9 million. "This is a
reflection of the reorganizational measures now in place at our
German subsidiary," explains Schröcksnadel. A significant decrease
was also achieved in the case of other operating expenses, from EUR
2.8 million to EUR 2.1 million.

EBITDA for the group stood at minus TEUR 545.5 and EBIT at minus EUR
1.47 million. These figures are in line with expectations. Earnings
in the Telecommunications Division always peak in the third and
fourth quarters of the financial year, whereas expenditures are
distributed uniformly over the full twelve-month period. For that
reason, the negative result reported for the first half of 2003/04 is
as planned.

New TV partner
In the last few months feratel has reached an agreement with the
leading Swiss French-language TV station TSR (Télévision Suisse
Romande). Transmissions got off to a successful start on 20 December
2003, with Crans Montana, Verbier and Villars already signed up as
feratel’s first panorama cam customers in Western Switzerland.

New Deskline customers
A number of new Deskline systems were installed in the Neusiedler See
Tourism Region, the Black Forest, and in Basel and Zug. feratel also
launched a new web-based Deskline solution by the name of
Deskline-FIT that comes complete with a software download for quick
and easy installation.

New information kiosks
A feratel information kiosk complete with an on-line traffic report
feature was installed at the Gotthard motorway service area in
Switzerland, and feratel also delivered its first information kiosk
to Bulgaria. In addition, feratel won a contract from the Austrian
Ministry of the Interior to supply a total of seven information
kiosks. This innovative solution will be used to explain the correct
procedure to asylum-seekers in their own languages.

Outlook
"For the second half of financial 2003/04, we anticipate satisfactory
business developments and a stable performance," says feratel’s CEO.

The further development of new markets will again be a main focus,
especially in Bulgaria and Hungary where the first successful steps
have already be taken. Additional agreements are planned with various
television stations plus further additions to feratel’s international
panorama cam network, especially in the French-speaking part of
Switzerland.

"A main focus at feratel is to achieve continued improvements in
terms of results in all divisions. Our goal is again to pay
shareholders a dividend for financial 2003/04," Schröcksnadel
concludes.

* For reasons of economy and practicability, this half-yearly balance
sheet for the period 1 May to 31 October 2003 of feratel media
technologies AG, the e-tourism and media group quoted on the Vienna
stock exchange, was drawn up pursuant to the provisions of the
Austrian Commercial Code (HGB). For that reason no direct comparisons
can be made with the figures presented for the previous year on an
IAS basis.

~
Extract from the income statement (in TEUR)

1st half of 2003/2004        2nd half of 2002/2003
                           öHGB                           IAS

Sales                    5,755.8                        7,094.9
Income from operations   6,072.1                        8,244.6
EBITDA                    -545.5                         -128.6
EBIT                    -1,466.5                       -1,369.3
EBT                     -1,441.8                       -1,378.3
~

end of announcement        euro adhoc 15.01.2004

Further inquiry note:

Herr Fritsch Martin

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

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