Edel SE & Co. KGaA

Earnings Release • May 24, 2002

News Details

Ad-hoc | 24 May 2002 08:42

edel music AG english

edel music: Half-year results 2001/2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– edel music: Half-year results 2001/2002 Hamburg, May 24th, 2002 – The consolidated result of the edel group for the first six months in the financial year 2001/2002 shows a profit of EUR 107,8 million, which mainly comes into effect due to an extraordinary income from a waiver by creditors which was already reported in February. When one-off effects are left out of account, the adjusted result shows a loss of EUR -11,0 million; adjusted earnings before interest and tax (EBIT) amount to EUR -8,1 million. Sales in the edel group stood for EUR 91,5 million. The decrease in sales compared to the previous year is caused by the reduction of the group after the sale of edel’s participations in RED Distribution, Play It Again Sam (PIAS) and Eagle Rock Entertainment as well as the sale of parts of the edel Publishing Division. Book losses arising from the disposals had already been accounted for in the financial statement for the abbreviated financial year 2001 and therefore do not affect the result for the first half of the financial year 2001/2002. The equity of the edel music AG as single entity as at March 31st, 2002 is EUR 42,9 million. The consolidated equity of the edel group at this date is EUR 30,3 million. Contact: Corporate Communications, Stefan Weikert, Tel. 040 / 890 85 218, Email: Stefan_Weikert@edel.com Investor Relations, Bärbel Tomas, Tel. 040 / 890 85 225, Email: Baerbel_Tomas@edel.com end of ad-hoc-announcement (c)DGAP 24.05.2002 ——————————————————————————– WKN: 564951; ISIN: DE0005649503; Index: Listed: Geregelter Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 240842 Mai 02