Final group results 2004

Europe’s leading Independent reports further improvement of financial resultsfor 2004.

Hamburg - In its financial year 2004 (Oct 1, 2003 - Sep 30, 2004), edel music AG has further improved its financial results.

In the financial year 2004, the EBITDA has improved by 5.0 million EUR to 11.2 million EUR (2003: 6.2 million EUR) and the EBIT by 5.5 million to 4.5 million EUR (2003: minus 1.0 million EUR). During this period the edel group generated a positive operational cash flow of 6.6 million EUR (2003: 2.5 million EUR). Liquid funds as at September 30, 2004 stood at 12.7 million EUR (Sep 30, 2003: 11.9 million EUR).

Sales in the edel group in the financial year 2004 were 139.3 million EUR, after 138.1 million EUR in the year before. The group’s net result has improved from minus 1.6 million EUR in (2003) to 0.5 million EUR for 2004. The equity capital of the edel group increased to 31.0 million EUR, after 24.2 million EUR in the financial year before.

Contact:

edel music AG
Neumühlen 17
22763 Hamburg
Germany

Corporate Communications
Tel. +49 (0)40 / 890 85 218
Email: Stefan_Weikert(at)edel.com

Investor Relations     
Tel. +49 (0)40 / 890 85 225  
Email: Baerbel_Tomas(at)edel.com