euro adhoc: OnVista AG
Quarterly or Semiannual Financial Statements
/ Six months report 2004: Profitable growth for the OnVista Group /
Both business segments record operating profit
Marked increase in
annual projection (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9 Aug. 2004 In the first half year of 2004, OnVista AG (DE0005461602) already generated 65% of its originally forecast annual sales and recorded a profit. Looked at in isolation, the second quarter was also an extremely good one for OnVista. The Executive Board is increasing its annual projections markedly. The Board now expects for the year as a whole a group income of close to Euro 6 mill. and a pre-tax group result in the high six digit region (previous projection: sales exceeding Euro 5 mill., double digit pre-tax yield).
In the first six months of 2004, group sales amounted to Euro 3.24 mill. (after the merger related deconsolidation of OnVista Technologies GmbH, now only sales from the Media and Corporate Services segments). Compared to the corresponding figures for the same period last year (group sales less Technologies segment: Euro 2.02 mill.), this amounts to an increase of 61%. In comparison to the group sales reported in the six months report for 2003 (incl. Technologies segment: Euro 5.59 mill.), this translates into a paper decrease of 42%.
In relation to Q2/04, OnVista recorded group sales totalling Euro 1.69 mill. This represents an increase of 61% over to the fair comparative value (Q2/03: Euro 1.05 mill.). From a purely computational perspective, this resulted in a decrease of 39% (Q2/03: Euro 2.76 mill.)
After a negative pre-tax group result last year (6 mths/03: Euro -0.92 mill.), the OnVista Group generated a positive pre-tax group result in the first half year of 2004, totalling Euro 0.66 mill. This translates into a pre-tax yield of 20%. After tax, the group net income amounted to Euro 0.40 mill. (6 mths/03: Euro -0.36 mill.). The OnVista Group also operated at a profit. In the first half year of 2004, EBIT totalled Euro 0.19 mill. (6 mths/03: Euro -1.39 mill.), while EBITDA amounted to Euro 0.40 mill. (6 mths/03: '000 Euro 10).
In Q2/04, OnVista recorded a pre-tax group result in the amount of Euro 0.33 mill. (Q2/03: Euro -0.68 mill.) and an after-tax group result of Euro 0.20 mill. (Q2/03: Euro -0.36 mill.). In Q2/04, EBIT totalled Euro 0.13 mill. (Q2/03: Euro -0.91 mill.), while EBITDA amounted to Euro 0.23 mill. (Q2/03: Euro -0.15 mill.).
In the first six months of 2004, both business segments made a positive contribution to the group result. In the Media business segment, the segment result rose by 92% to Euro 0.67 mill. (6 mths/03: Euro 0.35 mill.). The Technologies business segment generated a segment result of '000 Euro 21, after recording a deficit last year (6 mths/03: Euro -0.84 mill.).
Six months result under IFRS; full six months report: www.onvista-group.de, section 'Investor Relations': http://www.onvista-group.de/investor_relations/finance_publications.html?LANG=en
Contact: Anja Seipp, Tel.+49 2203/9146-306, ir@onvista.de
end of announcement euro adhoc 09.08.2004
Further inquiry note:
Anja Seipp
Tel. +49(0)2203 9146 306
E-Mail: anja.seipp@onvista.de
Branche: Computing & Information Technology
ISIN: DE0005461602
WKN: 546160
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
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