Intertainment AG — Earnings Release 2005

Nov 30, 2005

News Details

Ad-hoc | 30 November 2005 20:15

Intertainment AG: Intertainment remains in the black after nine months

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Intertainment remains in the black after nine months Very tense liquidity situation Munich, November 30, 2005 – Intertainment AG, Munich, concluded the first nine months for 2005 with net income amounting to 3.0 million euros, following 0.9 million euros in the equivalent year-earlier period. Earnings before Interest and Taxes (EBIT) rose to 4.3 (September 30, 2004: 1.4) million euros. Sales in the Group fell to 1.0 million euros. During the first three quarters of 2004, Intertainment generated revenues of 17.4 million euros, mainly due to exploitation of the film “Twisted”. Net income for the period under review during the current fiscal year has been particularly affected by a revaluation of claims for damages arising from the legal disputes in the USA as a result of exchange-rate fluctuations. These were mainly incurred during the first half-year of 2005. The total volume of claims for damages reported was 66.7 million euros on the balance sheet date of September 30, after 59.1 million euros at the end of 2004. During the third quarter of 2005, Intertainment generated sales of 0.5 million euros, following 0.1 million euros in the equivalent year-earlier period. Earnings were nega-tive for the period under review, amounting to -1.0 (prior- year quarter: -1.4) million euros. EBIT was -0.9 million euros after -1.8 million euros in the third quarter of 2004. The liquidity situation of Intertainment was extremely tense at the end of the quarter. On September 30, 2005 Intertainment had liquid assets amounting to 0.1 million euros following 1.7 million euros at the end of 2004. Intertainment AG Frauenplatz 7 80331 München Deutschland ISIN: DE0006223605 WKN: 622360 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 30.11.2005