Sporttotal AG

Earnings Release • Mar 7, 2017

News Details

Ad-hoc | 7 March 2017 17:33

_wige MEDIA AG anticipates positive performance in 2017

_wige MEDIA AG / Key word(s): Final Results

07-March-2017 / 17:33 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Disclosure of insider information pursuant to Article 17 MAR from 7 March
2017
_wige MEDIA AG, ISIN: DE000A1EMG56 / WKN: A1EMG5

_wige MEDIA AG anticipates positive performance in 2017

Cologne, 7 March 2017. In the current financial year, _wige MEDIA AG
expects revenues of around EUR 60 million, EBITDA of EUR 2.7 million and
earnings before tax (EBIT) of EUR 1.5 million. In the medium term, revenues
are expected to increase to around EUR 100 million, accompanied by an EBIT
margin of 10%. The company's Management Board has today approved the
respective medium-term planning. _wige MEDIA AG will benefit from a
corporation and trade tax loss carryforward of around EUR 45 million at
year-end 2016. In line with the forecast, the provisional, as yet
unaudited, 2016 annual financial statements, which include the
discontinued broadcast business respectively, report revenues of around EUR
60 million due to group restructuring and earnings before tax (EBT) of EUR
-6.5 million. As part of the Group's restructuring process, the company
sold _wige BROADCAST gmbh, a loss-making business with TV production for
domestic and international broadcasters, associations and organisers, as
well as _wige SOLUTIONS gmbh, a low-margin and capital intensive media
technology business in their entirety. In the future, _wige MEDIA AG
intends to grow in the scalable digital business, in the high-margin
international project business, as well as in business with live events.

Company contact:
_wige MEDIA AG
Am Coloneum 2
50829 Cologne, Germany
www.wige.de
phone: +49 (0) 221_7 88 77_ 0
fax: +49 (0) 221_7 88 77_ 199
info@wige.de

Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
phone: +49 (0) 177_7 21 57 60
weitzel@kommunikation-bsk.de

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 Language:    English
 Company:     \_wige MEDIA AG
              Am Coloneum 2
              50829 Köln
              Germany
 Phone:       +49 (0)221 7 88 77 0
 Fax:         +49 (0)221 7 88 77 199
 E-mail:      info@wige.de
 Internet:    www.wige.de
 ISIN:        DE000A1EMG56
 WKN:         A1EMG5
 Listed:      Regulated Market in Frankfurt (General Standard);
              Regulated Unofficial Market in Berlin, Dusseldorf,
              Stuttgart, Tradegate Exchange



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