euro adhoc: Advanced Medien AG / Quarterly or Semiannual Financial Statements / Advanced Medien AG reports results for the first six months of 2003 (E)

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Munich, August 20, 2003 - In the first six months of fiscal year 2003, Advanced Medien AG (ISIN DE-0005093009) recorded revenues of EUR 0.8 million. This compares to revenues of EUR 11.0 million for the same period last year. The strong decline in revenues results from lower revenues recorded by the company's operating subsidiary U.F.O. Unified Film Organization LLC. in the first quarter and from the fact that U.F.O.'s figures for the second quarter could not be included in the interim financial statements of Advanced Medien. Earnings before interest, taxes, depreciation and amortization (EBITDA) according to IAS in the second quarter were EUR 0.3 million (previous year: EUR 3.8 million). This results in a negative EBITDA of minus EUR 0.2 million for the first six months of 2003 as compared to an EBITDA of EUR 8.3 million for the same period last year. Amortization of film assets amounted to EUR 1.9 million (2002: EUR 10.3 million). As a result, earnings before interest and taxes (EBIT) according to IAS for the first six months were negative at minus EUR 2.2 million (previous year: minus EUR 2.3 million). In the second quarter alone, the EBIT was minus EUR 0.3 million as compared to minus EUR 1.3 million for the same period last year. The net loss for the second quarter of 2003 amounted to EUR 0.5 million, compared to a net loss of EUR 2.0 million for the same period last year. As a result, the net loss in the first six months was reduced further to EUR 2.6 million. This compares to a net loss of EUR 3.3 million for the first six months of 2002. As of June 30, 2003, the loss per share was EUR 0.15 as compared to a loss per share of EUR 0.19 for the same period last year.
The detailed interim report on the first six months of 2003 will be available for download at from August 29, 2003.

Key figures in EUR thousand 1.1.-30.6.2003 1.1.-30.6.2003 Revenues 813 10.963 EBITDA 229 8,297 EBIT -2,161 -2,377 Financial Result -506 -1,004 EBT -2,667 -3,341 Result from ordinary operations -3,341 -8,452 Loss for the period -2,665 -3,343 Loss per share (euros) -0.15 -0.19

The management board

Further inquiry note:
Advanced Medien AG
Tel: +49(0)89-6138050
FAX: +49(0)89-61380555

end of announcement euro adhoc

Emittent: Advanced Medien AG
Keltenring 11
DE-82041 Oberhaching
Tel: +49(0)89-6138050
FAX: +49(0)89-61380555
ISIN: DE0005093009
WKN: 509300
Indizes: CDAX, Classic All Share, Prime All Share, Prime Standard Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Börse Düsseldorf, Baden-Württembergische Wertpapierbörse
Branche: Media
Sprache: Englisch