Earnings Release • May 30, 2007
Earnings Release
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News Details
Ad-hoc | 30 May 2007 21:01
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.
Ad-hoc-announcement §15 WpHG as of May 30, 2007
WIGE MEDIA AG, ISIN: DE0006347701
The group's turnover increased during the first quarter of 2007 by 83.8
percent to EUR 7.05 million.
EBIT improved by EUR 0.46 million.
Sustainable improved earnings before taxes (EBT) expected from business
year 2007
Cologne, May 30, 2007: WIGE MEDIA AG (Security Code Number: 634770)
published their report for the first quarter of 2007. During the first
quarter of 2007, sales figures in the amount of EUR 7.05 million were
achieved in comparison to EUR 3.84 million for the same period last year.
This means a significant increase by 83.8 percent or EUR 3.21 million in
comparison to the same period last year during the typically weakest
quarter.
During the first quarter, the EBITDA was increased by EUR 0.71 million,
from EUR -1.4 million to EUR -0.69 million. During the reporting period,
the EBIT was increased by EUR 0.46 million and was during the first quarter
of 2007 EUR -2.21 million in comparison to EUR -2.67 million during the
first quarter of 2006. The EBT showed an improvement in the amount of EUR
0.51 million during the first quarter. It increased in comparison to the
same period last year from EUR -2.95 million to EUR -2.44 million. All
figures from last year were adjusted by the one-off effects from the sale
of WIGE DATA GmbH last year.
The positive growth in sales was caused by obtaining new projects in the
area of television and communication and the complete handling of the
snowboard word championship in Arosa. The results of the first quarter were
characterized by the implementation of the efficacy and result increasing
program 'FIT 07'. Based on the initial effects from this program, such as
the under-proportionally increased cost of material, the internally planned
figures were exceeded.
The figures for the first quarter of 2007 confirm the board's anticipation
of achieving sustainable improved annual earnings before taxes (EBT).
The quarterly report is available as of now under
www.wige.de/finanzberichte.html.
The Executive Board
Company contact on the next page:
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]
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.
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]
www: www.wige.de
ISIN: DE0006347701
WKN: 634770
Indices:
Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr
in Berlin-Bremen, Düsseldorf, Stuttgart
End of News DGAP News-Service
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