euro adhoc: OnVista AG / Annual Reports / 3 months report 2003: Sales moderately increased/ Profit performance slightly improved / Positive cash flow (E)

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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

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
Tel: +49(0)2203 9146-0
FAX: +49(0)2203 180 640
Email: info@onvista.de

Emittent: OnVista AG Stollwerckstr. 3-5 DE-51149 Köln Tel: +49(0)2203 9146-0 FAX: +49(0)2203 180 640 Email: info@onvista.de WWW: http://www.onvista-ag.de ISIN: DE0005461602 WKN: 546160 Indizes: Nemax, Prime Standard Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade

end of announcement euro adhoc

Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf, Baden-Württembergische Wertpapierbörse Branche: Computing & Information Technology
Sprache: Englisch

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