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Report Publication Announcement • May 19, 2011

News Details

Ad-hoc | 19 May 2011 18:14

WIGE MEDIA AG: Interim report published in first half of 2011

WIGE MEDIA AG / Key word(s): Interim Report

19.05.2011 18:14

Dissemination 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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Ad hoc disclosure in accordance with section 15 WpHG dated 19 May 2011

WIGE MEDIA AG, ISIN: DE000A1EMG56 / German Securities Code Number (WKN):
A1EMG56

Interim report published in first half of 2011

• Consolidated revenues of EUR 3.2 million in first quarter (Q1 2010: EUR
  4.8 million)

• EBITDA of EUR -1.5 million (previous year: EUR -0.9 million)

• EBT unchanged year-on-year at EUR -2.1 million

• Strong second quarter and higher operating earnings forecast for full
  year

Cologne, 19 May 2011: WIGE MEDIA AG (German Securities Code Number (WKN):
A1EMG5) has started the first year following its successful turnaround with
slightly lower revenues than expected, but otherwise in line with
forecasts. The interim report published today shows revenues of EUR 3.2
million for the first, traditionally weakest quarter of the year, compared
with EUR 4.8 million in the same period of the previous year. Postponed and
cancelled projects had an additional negative impact on revenues. Despite
reduced costs, the key earnings figures also reflected this development:
EBITDA amounted to EUR -1.5 million after EUR -0.9 million in the previous
year, while EBIT declined from EUR -1.8 million to EUR -2.1 million. At EUR
-2.1 million, earnings before taxes (EBT) were essentially unchanged as
against the prior-year figure of EUR -2.0 million.

At the reporting date 31 March 2011, total assets amounted to EUR 12.2
million (31 December 2010: EUR 12.8 million). Equity amounted to EUR 3.82
million compared with EUR 6.15 million as of 31 December 2010 (reduction
due to spin-off of Outside Broadcast operations). As a result, the equity
ratio also declined to 31% (31 December 2010: 48%). Cash and cash
equivalents totalled EUR 0.8 million compared with EUR 1.5 million at
year-end 2010.

The fact that the first quarter has limited information value with regard
to the year as a whole, the strong order backlog for the second quarter and
the good strategic and operational positioning of WIGE MEDIA AG provide
grounds for optimism as to the course of business for the rest of the year.
WIGE MEDIA AG expects to record a further increase in operating earnings,
not least as a result of the restructuring measures taking full effect and
the external growth potential arising from the expected consolidation
within the media industry.

The interim report is now available for download at
www.wige.de/finanzberichte.html.

The Executive Board

Corporate contact:
WIGE MEDIA AG
Am Coloneum 2
50829 Cologne
www.wige.de
Tel: +49 [0] 221 7 88 77 140
Fax: +49 [0] 221 7 88 77 189
info@wige.de

Investor Relations contact:
GFEI AG
Am Hauptbahnhof 6,
60329 Frankfurt/Main
Tel : +49 [0] 69 74 30 37 00
Fax: +49 [0] 69 74 30 37 22
wige-media@gfei.de

19.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: WIGE MEDIA AG
Am Coloneum 2
50829 Köln
Deutschland
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: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart

End of Announcement DGAP News-Service

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