Intertainment AG — Earnings Release 2004

Nov 23, 2004

News Details

Ad-hoc | 23 November 2004 07:50

Intertainment also achieves profit after the first nine months of 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Intertainment also achieves profit after the first nine months of 2004 Ismaning near Munich, November 23, 2004 – Intertainment AG, Ismaning near Munich, concluded the first nine months of the current year with a profit. The consequences of the fraud perpetrated by US film producer Franchise Pictures and others on Intertainment continued to impact on the figures. The consolidated net income for the accounting period was 0.9 million euros after the first three quarters of this year. In the comparable year-earlier period, Intertainment reported a loss amounting to -6.5 million euros. All other profit indicators underwent substantial improvement. EBIT for the first three months of 2004 was 1.4 million euros, after -5.5 million euros in the equivalent year-earlier period. Earnings from ordinary activities climbed to 1.1 (equivalent year-earlier period -5.8) million euros. And earnings per share amounted to 0.08 euros after -0.55 euros. Sales of Intertainment climbed to 17.4 million euros, compared with 4.1 million euros after the first nine months of 2003. The increase in sales is due to exploitation of the thriller “Twisted” during the first half of 2004. During the third quarter itself, Intertainment generated no further sales from exploitation of the film. Sales of the Group fell during the third quarter to 0.1 million euros after 2.0 million euros in the equivalent year-earlier period. However, the loss for the accounting period at -1.4 million euros was 0.3 million euros less than in the third quarter of 2003. Earnings from ordinary activities at -0.8 million euros during this year’s third quarter compare with -1.6 million euros in the equivalent year-earlier period. Cash and cash equivalents of Intertainment amounted to 1.4 million euros on September 30, 2004. On June 30, 2004, Intertainment had liquid assets of 1 million euros. At the close of 2003, they were 2.1 million euros. End of the Press Release end of ad-hoc-announcement (c)DGAP 23.11.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Contact: Intertainment AG, Investor Relations, Osterfeldstrasse 84, 85737 Ismaning, Germany; Telephone: +49 (0)89 21699-0, Fax: +49 (0)89 21699-11, Internet: http://www.intertainment.de , E-Mail: investor@intertainment.de ——————————————————————————– WKN: 622360; ISIN: DE0006223605; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 230750 Nov 04