PRESS RELEASE

 

OPERATING PROFIT: +50%

 
The Board of Directors of Jet Multimedia, joined September 20, 2004 under The presidency of Manuel Cruz, closed accounts for first half of the year, which was submitted September 21, 2004 to the Supervisory Board chaired by Eric Peyre. Consolidated sales for first half of 2004 rose to Euro 72.4 million compared to Euro 55.8 million for first half of 2003. Operating profit increases of more than 50% to Euro 2.9 million compared to Euro 1.9 million for first half of 2003 and the net result income before goodwill amortization reaches Euro 4.2 million against Euro 3.1 million in 2003. This improvement of profitability, carried out at the same time as a rise of the sales, validates the relevance of the strategy of Jet Multimedia, which continues its efforts of optimization in order to still increase the profitability of the group.

000 euros
H1 2004 H1 2003 Growth FY 2003
Sales 72 382 55 761 +29.8% 120 042
Operating Profit 2 930 1 945 +50.6% 4 887
Current profit 3 809 2 943 +29.4% 6 167
Net profit before goodwill amortization 4 210 3 118 +35.0% 7 454
Net profit group interests 3 189 2 295 39.0% 5 768

Activity Segmentation

Statutory Data
million of euros 
Hosting
Division
Advertising
Division
Total
Net Sales
H1 2004 62.2 10.2 72.4
H1 2003 48.0 7.8 55.8
FY 2003 104.3 15.7 120.0
Current Profit
H1 2004 2.3 1.5 3.8
H1 2003 2.1 0.8 2.9
FY 2003 4.8 1.4 6.2

The segmentation of the activity by division shows the following trends:
  • The "Online Services Hosting" division achieved 30% growth to E 62.2 million, accounting for 85% of the sales. This division improves by 10% its current profitability, in a strongly competing context.
    Proforma comparative data : integrating the activity of Oxone Technologies and Mediaplazza over over 6 months for 2004 and 2003 and excluding the activity of Metaphora, sold in June 23, 2004, the proforma consolidated semi-annual sales are stable to Euro 61.9 million.

  • The "Advertising & Communication" increased by 32% compared to the first half of 2003 and accounts for approximately 15% of the semi-annual sales of the group. This growth of the activity comes along with a quasi-doubling of the current profit.

Simplified Balance Sheet

ASSETS
000 euros
H1 2004 H1 2003 FY 2003
Fixed assets 23 310 18 611 17 331
Current assets 54 317 41 808 47 328
Deferred charges 8 819 7 110 8 147
Cash 34 034 31 427 33 757
Total 120 480 98 956 106 563

LIABILITIES
000 euros
H1 2004 H1 2003 FY 2003
Stockholder’s equity 67 535 54 660 59 422
Prov. liabilities & charges 2 532 3 250 2 544
Current liabilities 44 374 38 193 41 768
Other debts 6 039 2 853 2 829
Total 120 480 98 956 106 563

To make comparable the semi-annual balance sheet of the group, it is advisable to take into account Euro 6.2 millon payments coming from telecom operators, usually perceived at the end of June, and who were boxed by the Jet Multimedia on July 1, 2004. Under these conditions, the cash of the group increases from Euro 31.4 million to Euro 40.2 million in one year while the currents assets are reduced to Euro 48.1 million.

These excellent industrial and financial performances are the result of the voluntarist strategy of the group, which benefits from the development of the Broadband Internet and rapidly develops its Mobile activities, in France and internationally. The means of the group are firstly assigned to these two growth drivers.

 

 

 

JET MULTIMÉDIA - www.jetmultimedia.com – The Online Value

Jet Multimédia is a leading online services provider for businesses, with expertise in online projects involving Internet Web & e-commerce, mobile WAP/SMS/MMS/i-mode, Audiotex, Minitel and telematics... and with a very strong expertise in "Value Added Hosting", its core business.
Jet Multimedia is listed on the Second Marché of Euronext Paris (ISIN FR0000053456, Mnémo JET, Reuters JTLG.PA, Bloomberg JET:FP), since 1996, employs more than 400 people and achieved 120 million euros consolidated revenues in 2003.


Contact for Analysts, Shareholders and Financial Institutions:

Pierre COL - Head of Marketing, Communication & Investor Relations
E-mail: pcol@jetmultimedia.com
Phone: (33) 478 171 634 - Fax: (33) 478 171 617

 

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Jet Multimédia - 51 rue Montgolfier - 69006 Lyon - FRANCE
Phone : (33) 478 171 616 - Fax : (33) 478 171 617 - Contact us