ad pepper media continues to show increases in period results in the 3rd quarter 2004

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Nuremberg, Hoofddorp, Netherlands, 04 November 2004

ad pepper media International N.V. registered a further stable run of business in the 3rd quarter of 2004, and once again succeeded in increasing turnover and profit as compared with last year.

In the 3rd quarter of 2004, ad pepper media achieved a group turnover of kEUR 4,936 (previous year: kEUR 4,692), equating to growth of 5 percent. Operating profit (EBIT) also rose in the same period by 9 percent to kEUR 103 (previous year: kEUR 95). In comparison to the same quarter last year, the accounting period surplus rose by 31% to kEUR 517 (Q3/2003: kEUR 396), resulting in a 25-percent increase in income per share of EUR 0.05 (Q3/2003: EUR 0.04). These results are all the more pleasing in light of the fact that they include investments in both technology and the USA business, which were able to be offset through cost streamlining. Moreover, ad pepper will continue to invest in technology and the expansion of its business.

With respect to the first nine months of the current financial year, group turnover rose by 10 percent to kEUR 15,111 (previous year: kEUR 13,715). The increased turnover and continued rigorous cost management generated an increase in EBIT of 62 percent to kEUR 359 for the first 9 months of 2004 (previous year: kEUR 221). The accounting period surplus for the first nine months of 2004 stood at kEUR 1,288 (previous year: kEUR 1,059), resulting in a 20-percent increase in income per share from EUR 0.10 to EUR 0.12.

As at 30 September 2004, ad pepper media’s stock of liquid assets, including short-term liquid fixed asset securities and restricted cash, amounted to a healthy EUR 27.2 million. Compared with the last quarter (EUR 26.2 million) and on account of the positive cash flow for the 3rd quarter of 2004, this represents an increase in cash stock of EUR 1 million.

Accounting figures 2004/2003 in accordance with US-GAAP:

Q3/04 Q3/03 Diff. Q1-Q3/04 Q1-Q3/03 Diff.
Turnover kEURO 4,936 4,692  5% 15,111 13,715 10%
Gross margin kEURO 2,213 2,282 -3% 6,882 6,625   4%
Operating costs kEURO 2,110 2,187 -4% 6,523 6,404   2%
EBIT kEURO 103 95  9% 359 221 62%
Period profit kEURO 517 396 31% 1,288 1,059 22%
Profit per share EURO 0.05 0.04 25% 0.12 0.10 20%
30.09.04 31.12.03
Liquid resources* kEURO 27,248 27,668
Equity capital kEURO 37,104 35,658
Balance sheet total kEURO 41,733 42,945

* incl. short-term liquid fixed asset securities and restricted cash

The full nine-monthly report will be published on 23 November 2004 and will be available to download from: as of that date.

In addition, ad pepper media will be presenting its nine-month figures from 12.00 to 12.45 p.m. on 23 November 2004 within the scope of an analyst conference to be held during the German Equity Forum in Frankfurt.

For further information:
Investor Relatioins
Anna-Maria Schubert
ad pepper media International N.V.
Phone: 49 911 929 057 0
Fax: 49 911 929 057 312