22.09.2004 – 08:25

feratel media technologies AG

euro adhoc: feratel media technologies AG
Quarterly or Semiannual Financial Statements
feratel - marked improvement to all earnings ratios in Q1 2004/05 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

"Financial 2004/05 started well for us, with all key earnings ratios
clearly improved in the period-to-period comparison," says Markus
Schröcksnadel, CEO at feratel media technologies AG.

Consolidated sales increased from Euro 2.7 million in the first
quarter of the previous year to Euro 2.8 million in the first quarter
of 2004/05.

In the Telecommunications Division, sales are always concentrated in
the second half of the financial year, whereas overheads are
distributed equally over the whole year. For that reason budgeted
income for the division is always significantly lower for the first
half of the year, with higher figures for the second half to
compensate the situation and generate a positive year-end result.

Nevertheless, all earnings ratios showed a marked improvement in the
period-to-period comparison for the first quarter of the year
already. Earnings before taxes (EBT) were up from minus TEuro 991.1
in the first quarter of the previous year to minus TEuro 558.2. The
operative result was minus TEuro 555.9 after minus EUR 1 million Euro
in the same period of the previous year. Consolidated EBITDA also
improved, from minus TEuro 545.3 to minus TEuro 142.3. And in
operative cash flow the turnaround was achieved, from minus TEuro
357.2 in the first quarter of the previous year to plus T 365.5 in
the first quarter of the current business year.

Highlights of the first quarter of 2004/05
In July 2004 transmission of feratel weather cams was introduced by
the Dutch public television station TROS-NED 2, the country’s biggest
family broadcasting company. In addition to an audience of 11.8
million households in the Netherlands, TROS-NED 2 also reaches 7
million households in Belgium and a further 2 million in Luxembourg.
The feratel program, which is called "Kijk op Europa" (View over
Europe), is broadcast Saturdays from 9 a.m. to 11 a.m. and Sundays
from 8 a.m. to 10 a.m. That brings feratel’s total number of
international broadcasting slots to eleven.

feratel currently has five camera locations in the Netherlands (in
Drachten, Ijmuiden, aan Zee, Sluis, Utrecht and Vlissingen), plus two
in Belgium (in Antwerp and De Haan). In the period under report,
cameras were installed in Veszeprém in Hungary, in Utrecht, Drachten
and Sluis in the Netherlands, in Antwerp in Belgium, and in Jelsa,
Primosten and Tribunj in Croatia.

The market launch of feratel’s new inquiry wizard was very
successful, and a number of big customers have already been
recruited, such as the Hohe Tauern National Park and Dachstein Tauern
regions, St. Anton am Arlberg and Serfaus.

At Berlin’s Tegel Airport, arrivals can now take advantage of a new
hotel reservation facility developed jointly by feratel and
HOTELdirect. The system offers visitors a free 24-hour reservation
service with accommodation available for direct booking with the
affiliated hotels. Berlin Tourismus Marketing GmbH (BTM) is also
featured with its own presentation window. An integrated telephone
with abbreviated dialing provides visitors with a direct link to the
information and reservation center operated by the German capital’s
official tourism arm with more than 400 hotels to choose from.

Outlook
"For the months ahead, we are optimistic with regard to performance
on our core markets in Austria, Germany and Switzerland, where the
goal is to further consolidate our good market position in our
traditional fields of business. In the case of Germany especially,
however, achievement of that goal will be dependent on the further
course of general economic developments. In addition, we are working
on a number of projects to service new markets," says the CEO.

"Given the present state of our knowledge, we are working on the
assumption that we will achieve our operative goal of continued
improvements in sales and results in the forthcoming quarters of the
financial year," Schröcksnadel concludes.

end of announcement        euro adhoc 22.09.2004

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