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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 |
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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 |
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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.
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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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