euro adhoc: broadnet mediascape communications AG / Annual Reports / broadnet mediascape publishes group annual report 2003: (E)

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

EBITDA at minus TEUR 116 almost positive; operating result improved by 98.9 %

Growth in turnover of 59.5 % to TEUR 24,895

Hamburg, March 30, 2004 - broadnet mediascape communications AG (ISIN DE0005490866) achieved an almost positive EBITDA of minus TEUR 116 for fiscal year 2003 and thus improved its operating result by 98.9 % compared to the previous year. In the fourth quarter of 2003 the EBITDA was positive for the first time at TEUR 334. The improvement of the EBITDA was mainly achieved by an increase in revenues and profit-oriented cost management. In fiscal 2003, broadnet mediascape, for instance, was able to reduce the other operating expenses from TEUR 15,407 down to TEUR 7,564, a reduction of 50.9 %, and thus could improve the Company’s profitability considerably. The Group’s EBIT in fiscal amounted to minus TEUR 15,243 after minus TEUR 18,929 in the previous fiscal year, an improvement of 19.5 %. In 2003, the result was once again affected by the planned burden of great depreciation on wireless equipment, especially for the subsidiary Broadnet Deutschland GmbH. This depreciation will drop considerably in the second half of 2004, thus improving the result sustainably. broadnet mediascape generated revenues of TEUR 24,895 in fiscal 2003 which represents a growth of 59.5 % in comparison to TEUR 15,609 in 2002. At the end of the year 2003 broadnet mediascape had a high position in liquid funds amounting to TEUR 29,849 (previous year TEUR 39,770). The company posted equity of TEUR 47,113 (previous year:
62,056). The equity ratio got improved to 82.0 % in comparison to 75.7 % in 2002. The company generated earnings per share of EUR minus 0.96 compared to EUR minus 1.56 in 2002. In fiscal 2003 the company had an average of 193 employees (previous year: 182). broadnet mediascape plans to post a sustainable positive EBITDA for fiscal 2004 and expects a growth in turnover.

Further inquiry note:
Britta Cirkel
Manager Corporate Communications
+49(0)40 668610-640
Tel: +49 (0)40-668610-0
FAX: +49 (0)40-668610-188

Emittent: broadnet mediascape communications AG Weidestraße 122a DE-22083 Hamburg Tel: +49 (0)40-668610-0 FAX: +49 (0)40-668610-188 Email: WWW: ISIN: DE0005490866 WKN: 549086

end of announcement euro adhoc

Indizes: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Börse Düsseldorf, Baden-Württembergische Wertpapierbörse
Branche: Telecommunications Equipment
Sprache: Englisch