Earnings Release • Nov 29, 2007
Earnings Release
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News Details
Ad-hoc | 29 November 2007 17:59
WIGE MEDIA AG:
WIGE MEDIA AG / Quarter Results
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.
Revenues up 5.6% in the first nine months to €31.25 million
EBT improves by €0.03 million
Break-even for 2007 not possible due to external factors
Cologne, 29 November 2007: WIGE MEDIA AG (German Securities Code Number:
634770) has published its report on the first nine months of 2007, the
transitional year of its strategic reorientation. The expansion in the
Company’s sales activities meant that revenues increased by 5.6% or €1.66
million to €31.25 million, compared with €29.59 million in the same period
of the previous year. EBITDA for the first nine months of 2007 remained
essentially unchanged at €3.88 million (previous year: €3.91 million),
while EBIT declined slightly year-on-year from € 0.62 million to € 0.81
million; this was due to higher levels of depreciation of new investments.
By contrast, earnings before taxes (EBT) improved by €0.03 million, from €
1.38 million to € 1.35 million. All prior-period amounts have been adjusted
for the non-recurring effect of the disposal of WIGE DATA GmbH in the
previous year.
Due to external factors beyond the control of WIGE MEDIA AG, including the
cancellation of a racing series outside Germany and uncertainty with regard
to the broadcasting rights for winter sport events, the Executive Board is
forecasting a low seven-digit loss for the current transitional year of the
Company’s strategic reorientation.
The report on the first nine months of 2007 can now be viewed at
www.wige.de/finanzberichte.html.
The Executive Board
About WIGE MEDIA AG:
WIGE MEDIA AG is a globally active media service company and provides
services and solutions along the value chain for TV and film productions.
The business segments of the leading full service provider for sports and
event productions include Outside Broadcasts, TV & Film Production, Post
Production, TV Marketing, Rental Services, Data and Results Services,
Events & Incentives and last but not least comprehensive Media Consultancy
Services. Thanks to this extensive portfolio of services, the Company,
founded in 1978, can guarantee its unique position in Germany and Europe.
The Company has been headquartered in Cologne and listed on the stock
market since 2000.
Company contact:
WIGE MEDIA AG
Am Coloneum 2
50829 Köln
www.wige.de
Tel: +49 [0] 221_7 88 77_ 140
Fax: +49 [0] 221_7 88 77_ 189
[email protected]
Agency contact :
GFEI mbH
Hamburger Allee 26-28
60486 Frankfurt am Main
Tel : +49 [0] 69_74 30 37_00
Fax: +49 [0] 69_74 30 37_22
[email protected]
Language: English
Issuer: 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: [email protected]
Internet: www.wige.de
ISIN: DE0006347701
WKN: 634770
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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