Intertainment AG — Earnings Release 2001

May 31, 2001

News Details

Ad-hoc | 31 May 2001 08:03

Intertainment AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Intertainment AG achieves balanced result in the first quarter Legal dispute restricts business for media enterprise Ismaning nr. Munich, 31 May 2001 – Intertainment AG of Ismaning nr. Munich has achieved group revenues totalling DM 9.55 million/4.88 million Euro in the first quarter of the current financial year 2001 (first quarter 2000: DM 65.4 million/33.4 million Euro). The reduction in revenues compared to the same period of last year is a direct result of the legal dispute with Franchise Pictures. It has not been possible up to now to exploit the film rights which are the subject of the dispute. The revenues for the first quarter of 2001 are mainly from the current exploitation of rights in the pay TV sector. Despite the low revenues, Intertainment was able to achieve a balanced result from its ordinary business activities of DM 0.086 million/0.044 million Euro. In the first three months of last year the result of ordinary business activities was DM 34.1 million/17.4 million Euro. Earnings before interest and taxes (EBIT) is minus DM 0.86 million/0.44 million Euro (DM 45.0 million/23.0 million Euro). Financial resources at the end of the quarter stood at DM 141 million/72.1 million Euro (DM 77.9 million/39.8 million Euro). A total of DM 3.8 million/1.94 million Euro was spent on the collaboration with producer Arnold Kopelson in the first quarter of 2001. end of ad hoc announcement (c) DGAP 31.05.2001 ——————————————————————————– WKN: 622360; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 310803 Mai 01