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ProSiebenSat.1 Media AG

euro adhoc: ProSiebenSat.1 Media AG
DISCLOSURE UNDER SEC. 15 OF THE GERMAN SECURITIES TRADING ACT ProSiebenSat.1 Group increases pretax profits significantly in first quarter of 2004 Group revenues up six percent (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Munich, May 3, 2004. The ProSiebenSat.1 Group boosted its pretax
income significantly in the first quarter of fiscal 2004. According
to preliminary figures the television corporation generated pretax
profits of EUR 43 million, compared to EUR -29 million in the same
quarter the previous year. This represents an improvement of EUR 72
million. Revenues were EUR 436 million, up 6 percent or EUR 25
million from the equivalent previous period. EBITDA, at EUR 69
million, was significantly above the EUR 0.3 million figure for the
first quarter of 2003.
All four stations showed a profit on the first quarter of 2004. For
the second time in a row, station N24 closed out a quarter in the
black. The news channel’s pretax profit improved to EUR 0.1 million,
compared to EUR -7.7 million for the same quarter last year. Revenues
were EUR 17 million compared to 15 million in the first quarter 2003.
Sat.1’s pretax profits were up from EUR -13 million to EUR 24
million. The first quarter was therefore well into the black. The
station’s revenues for the first three months of the year totaled EUR
193 million which is an increase of EUR 16 million compared to the
first quarter of last year. Pretax profits at ProSieben improved 130
percent, from EUR 15 million to EUR 35 million. Revenues were EUR 175
million after EUR 155 million in the first quarter of the previous
year. Kabel 1’s pretax profit was up from EUR 2.3 million to EUR 2.8
million. With revenues for the period of EUR 47 million the station
showed a slight increase of EUR 0.1 million in the first quarter of
fiscal 2004.
The corporation’s gratifying upturn is in part the result of an
overall gain of EUR 25 million in revenues. Another reason behind the
total improvement of pretax profits was the cost-management with some
additional seasonality effects in the first quarter of 2004.
The financial statements for the first quarter of 2004 are the first
that the ProSiebenSat.1 Group has presented under the new IFRS
accounting standard.
This announcement is not an offer for sale of securities in the
United States. Securities may not be sold in the United States absent
registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended.  ProSiebenSat.1 Media AG does not
intend to register any portion of the offering of the securities in
the United States. Any offer of the securities to be made in the
United States will be made only by means of an offering memorandum,
which will contain detailed information about the company and its
management and financial statements. Copies of this announcement are
not being made and may not be distributed or sent into the United
States, Canada or Japan.
end of announcement        euro adhoc 03.05.2004

Contact:

Katja Pichler
Company Spokesperson
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone: +49 [89] 95 07-11 80
Fax: +49 [89] 95 07-11 84
E-mail: Katja.Pichler@ProSiebenSat1.com
Press release online: www.ProSiebenSat1.com

Branche: Media
ISIN: DE0007771172
WKN: 777117
Index: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index, Prime All Share, Prime
Standard
Börsen: Frankfurter Wertpapierbörse / official dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade

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