FIRST HALF
2005 OPERATING PROFIT UP 82%
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Lyon, September
21, 2005
On September 15, 2005, the Board
of Directors of Jet Multimedia
closed accounts for first half
of fiscal year 2005, which have
been submitted on September 16
to the Supervisory Board. Consolidated
revenue for the for first half
of 2005 amounted to E 112.4 million
compared to E 79.6 million in
2004, up 41%. Operating profit
increases by 82% to E 5.8 million
against E 3.2 million in 2004.
The evolution of the net profit
is impacted by a deferred tax
charge in France (against a deferred
tax profit in 2004) and an increase
of the taxes outside France, noticeably
in Spain after Mediafusion integration.
| IFRS
- 000 euros |
1st
half 2005 |
1er
half 2004 |
Evolution |
Full
year 2004 |
| Revenue |
112
373 |
79
653 |
+41% |
154
921 |
|
Operating Profit |
5
781 |
3
177 |
+82% |
6
274 |
| Net
Profit |
2
845 |
4
281 |
-34% |
8
549 |
Comparable proforma data :
by integrating the activity
of Mediaplazza, bought in April
2004, and Mediafusion, bought
in January 2005, over the first
half of 2004 and by excluding
the activity of Métaphora, sold
in June 2004, the consolidated
revenue increases by 5% and
the operating profit by 22%.
| IFRS
proforma - 000 euros |
1st
half 2005 |
1st
half 2004 |
Evolution |
| Revenue |
112
373 |
106
560 |
+5% |
|
Operating Profit |
5
781 |
4
751 |
+22% |
| Net
Profit |
2
845 |
5
809 |
-51% |
Activity Segmentation
| million
of euros |
Multimedia
Hosting & Delivery |
Advertising
& Communication |
Inter
sector Operations |
Total |
| Revenue |
| 1st
half 2005 |
100,7 |
12,1 |
-0,4 |
112,4 |
| 1st
half 2004 |
69,4 |
10,7 |
-0,4 |
79,7 |
| Full
year 2004 |
135,0 |
20,7 |
-0,8 |
159,4 |
| Operating
Profit |
| 1st
half 2005 |
4,2 |
1,6 |
- |
5,8 |
| 1st half
2004 |
1,7 |
1,5 |
- |
3,2 |
| Full
year 2004 |
3,7 |
2,6 |
- |
6,3 |
The segmentation by businesses
shows the following :
- The Multimedia Hosting
& Delivery Platform business,
growing 45% to E 100.7 million,
and makes 45% of its sales
outside of France. Despite
a very competitive environment
and significant investments
for mobile services, this
business increases its operating
profit, multiplied by more
than 2.5 compared to first
half of 2004.
Comparable proforma data:
the half year consolidated
revenue for this business
rises by 5% and its operating
profit increases by 27%.
- The Advertising & Communication
business increases by 13%
compared to first half of
last year and represents approximately
10% of the sales of the group.
This growth is achieved with
an increase of the operating
income.
Simplified balance sheet
|
ASSETS 000 euros |
1st
half 2005 |
1st
half 2004 |
Full
year 2004 |
| Goodwill |
67
459 |
16
491 |
16
491 |
| Other
current assets |
18
878 |
17
030 |
18
357 |
| Cash
& equivalents |
21
183 |
34
034 |
41
051 |
| Other
current assets |
62
426 |
49
606 |
46
477 |
| Total
|
169
946 |
117
161 |
122
376 |
|
LIABILITIES 000 euros |
1st
half 2005 |
1st
half 2004 |
Full
year 2004 |
| Stockholder’s
equity |
87
587 |
68
922 |
73
256 |
| Non
current liabilities |
5
930 |
3
193 |
3
301 |
| Current
liabilities |
76
429 |
45
046 |
45
819 |
| Total |
169
946 |
117
161 |
122
376 |
Jet Multimedia group shows a
strong balance sheet, coherent
with its development strategy.
After the acquisition of Mediafusion,
paid in cash and Jet Multimedia
shares, the net cash of the
group amounts to approximately
E 21 million by the end of June
2005 and stockholder’s
equity is E 88 million. The
liabilities are integrating
the total amount of possible
earn-outs for Mediaplazza and
Mediafusion, approximately E
19 million.
With a balanced activity,
distributed between mass-market
services and business solutions,
between France and International,
covering all technologies for
online services, the group benefits
from the deployment of broadband
Internet and develops its Mobile
activities.
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JET MULTIMÉDIA
- www.jetmultimedia.com –
The Online Value
Jet
Multimédia is the European
leader for interactive online
services
For the mass market, Jet Multimedia
creates, aggregates, delivers
and promotes of contents and
mobile WAP, I-mode, SMS and
MMS services, Internet web sites
as well as audiotex services.
Established in France, Spain,
Italy, Canada and Morocco, Jet
Multimedia markets mobile content
(ringtones, logos, videos, Java
games) in more than 45 countries
worldwide. Jet Multimedia is
also partner of the biggest
French, Spanish and Italian
TVs and radios for their interactive
services.
For large companies, administrations
and organizations setting up
strategic online services (E-business,
multi-channel client relationship
management, online administration...)
Jet Multimedia provides value
added hosting services for Internet
(web site hosting, IP security
platform management, e-mail
outsourcing…) advanced
telephony services (virtual
call-centers, multi-channel
contact centers, alerting platforms...)
as well as marketing services
using mobiles (SMS push) and
fax.
Founded in 1989, Jet Multimedia
is listed on Euronext Paris
since 1996 (ISIN FR0000053456,
Code JET, Reuters JTLG.PA, Bloomberg
JET:FP), employs more than 550
people and achieved around E
200 million consolidated revenues
in 2004.
 Pierre
COL - Investor Relations
E-mail : pcol@jetmultimedia.com
Tel : (33) 478 171 634
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