Readcrest Capital AG

Earnings Release • May 3, 2007

News Details

Ad-hoc | 3 May 2007 10:14

Business Media China publishes preliminary figures for 2006

Business Media China AG / Preliminary Results/Results Forecast

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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• Revenues up to EUR 7.5 million in 2006 compared to EUR 2.1 million in
2005 (260%)
• Revenue forecast for 2007: EUR 25 – 30 million
• Extraordinary effects and structural adjustments in railway station
advertising impact figures for 2006
• Expansion of group structure concluded – new divisions promise above
average growth

Stuttgart, May 3, 2007: Stuttgart-based Business Media China AG, a
specialist for media and trade fairs in China, today published its
preliminary results for fiscal year 2006. According to the current figures
(IFRS), the company recorded consolidated revenues of EUR 7.5 million. This
corresponds to year-on-year growth of 260% (fiscal year 2005: EUR 2.1
million).

As already communicated in October 2006, it was not possible to reach the
original revenue and earnings forecast. The provisional pre-tax
consolidated earnings for 2006 (EBT) totaled EUR -6.9 million. This is
mostly due to extraordinary factors and start-up expenses, additional media
acquisition costs and one-off goodwill impairment. This resulted from
restructuring the Southern Chinese subsidiary BMC Zhenwei Exhibitions and
its reorientation towards events in the fields of food processing and
packaging and engineering, together with cutting staff by around 50% at
this subsidiary.

BMC AG is the first foreign company in China with a state license for
railway station advertising. This area is undergoing a broad scale
structural reform, which is leading to a shift in the timescale for
recording revenues in the advertising media segment. The BMC Group is thus
currently in the start-up phase in a market which is undergoing dynamic
growth, and this is reflected in earnings. The Managing Board believes that
consolidated revenues will total EUR 25 – 30 in the current fiscal year
2006. It will be possible to achieve positive earnings in fiscal year 2007.
The company aims to record revenues of more than 100 million in the next
three years. 24% of revenues currently stem from trade fairs and
conferences and 76% from advertising. The BMC Group has a team of 230
employees, of whom more than 80% are employed in China.

Investor relations contact
Henryk Deter
cometis AG
Unter den Eichen 7
65195 Wiesbaden
Tel.: +49 (0) 611 / 20 58 55 13
Fax: +49 (0) 611 / 20 58 55 66
E-Mail: deter@cometis.de

DGAP 03.05.2007

Language: English
Issuer: Business Media China AG
Rotebühlstrasse 87
70178 Stuttgart Deutschland
Phone: +49 (0)711 490 890 0
Fax: +49 (0)711 490 890 10
E-mail: invest@businessmediachina.com
www: www.businessmediachina.com
ISIN: DE0005250401
WKN: 525040
Indices:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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