Cologne/Germany, August 15, 2000.- OnVista AG has significantly exceeded its own targets in the first half of 2000: Group sales were at € 2.5 mil. and thus 30 per cent higher than the budgeted figures. The deficit was reduced to € -158,759; EBITDA was
€ -252,002. OnVista AG succeeded in generating a positive group result of € 22,839 in the second quarter – three months earlier than planned.
This positive business development is attributable in particular to increased online advertising revenue (€ 1.0 Mio.) resulting from the sharp rise in hits for its Web site www.onvista.de . The finance portal increased its page impressions threefold within six months to 37.6 mil. page impressions in June, 2000 and thus established itself as one of the ten largest IVW-registered Web sites in Germany. In its licenses business area OnVista AG successfully acquired several new customers such as Advance Bank and the Handelsblatt publishing group. This led to an increase in license revenue to € 1.2 mil. In addition, with the marketing of certificates, new sources of revenue such as eCommerce are being tapped.
For the year 2000, group sales of € 6.6 mil. have been budgeted. The management board of OnVista AG estimates that the group result for the 2000 fiscal year - a mere 2 ½ years after the company was founded - will be positive.
Semi-annual financial statements underUS-GAAP
full semi-annual report 2000