euro adhoc: OnVista AG
Annual Reports
3 months report 2003: Sales moderately increased/ Profit performance slightly improved
Positive cash flow (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
In the first quarter of 2003, OnVista AG (DE0005461602) recorded group sales totalling Euro 2.84 million. This represents an increase of 2.2% compared to the same quarter last year (Q1/02: Euro 2.77 mill.). The Technologies business segment contributed 66% (Q1/02: 69%) to total group sales, the Media business segment 33% (31%) and the Corporate Services segment 1% (0%).
The profit performance also improved slightly. The company recorded a positive EBITDA in the amount of 000 Euro 60 (Q1/02: 000 Euro 6). EBIT totalled Euro -0.58 mill. (Q1/02: Euro -0.60 mill.). In the period under review, the pre-tax group result (EBT) amounted to Euro -0.23 mill. compared to Euro -0.28 mill. in Q1/02. The after-tax result was also moderately positive totalling 000 Euro 6 (Q1/02: Euro -0.30 mill.).
The company was able to further reduce costs. In Q1/03 operating expenses totalled Euro 3.41 mill., a fall of 7.8% compared to Q1/02 (Euro 3.70 mill.).
The company again recorded a positive cash flow. In the quarter under review, the group cash flow totalled Euro 0.37 mill. (Q1/02: Euro 0.19 mill.), the operating cash flow amounted to Euro 0.17 mill. (Q1/02: Euro 0.39 mill.). Cash funds totalled Euro 27.38 mill. as at 31 March 2003 (31.12.2002: Euro 27.46 mill.) ensuring OnVista a very comfortable liquidity position. This translated into a cash value per share of Euro 4.09 (31.12.2002: Euro 4.10).
In the Technologies business segment OnVista achieved total sales of Euro 2.12 mill. in Q1/03 (Q1/02: Euro 2.21 mill.; -4,4%). The pre-tax result amounted to Euro -0.40 mill. (Q1/02: Euro -0.20 mill.). In the Media business segment OnVista increased total sales by 12% to Euro 0.95 mill. (Q1/02: Euro 0.84 mill.). The pre-tax result was again positive and totalled Euro 0.21 mill. (Q1/02: 000 Euro 79).
Group results under US GAAP; detailed press release in German language: www.onvista-ag.de, under Presse; full Q1/2003 report: www.onvista-ag.de, under Investor Relations
IR contact: Stefan Bohlmann, Tel. +492203/9146-220, ir@onvista.de; Press contact: Anja Seipp, Tel.-306, presse@onvista.de
end of announcement euro adhoc 12.05.2003
Further inquiry note:
Stefan Bohlmann, Manager Investor Relations Tel. +49(0)2203 9146 220 E-Mail: ir@onvista.de
Anja Seipp, Manager Press Relations Tel. +49(0)2203 9146 306 E-Mail: presse@onvista.de
Branche: Computing & Information Technology
ISIN: DE0005461602
WKN: 546160
Index: Nemax, Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated 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
Baden-Württembergische Wertpapierbörse / free trade