Pantaflix AG - Earnings Release 2016

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Corporate | 12 May 2017 14:54

PANTALEON Entertainment AG publishes provisional figures for 2016

DGAP-News: PANTALEON Entertainment AG / Key word(s): Preliminary Results

12.05.2017 / 14:54

The issuer is solely responsible for the content of this announcement.

PANTALEON Entertainment AG publishes provisional figures for 2016

– Income from ordinary activities of EUR 16.3 million

– Further corporate development fully on track

– Global PANTAFLIX roll-out in full swing

Kronberg im Taunus, 12 May 2017 – According to provisional figures, PANTALEON Group (XETRA: PAL, ISIN: DE000A12UPJ7) closed the 2016 financial year on basis of the individual financial statements successfully in line with planning. Despite a significant phase shift amounting to several million euros, revenues and income from ordinary activities amounted to EUR 16.3 million in the 2016 financial year after EUR 20.3 million in the previous year. The phase shift came about because “Hot Dog”, which is by far the biggest theatrical feature film project in terms of the revenue volume, was largely filmed in the 2016 financial year, but did not affect revenues until its completion in 2017 and therefore is not reflected in income for 2016. After the end of the reporting period, filming for “Hot Dog” was successfully completed in January 2017 and the film will be brought to cinemas together with Warner Bros. in the first exploitation phase in the current financial year already, as planned.

Earnings before taxes (EBT), which were influenced by high investments in PANTAFLIX, amounted to EUR -1.6 million after EUR -0.5 million in the previous year and were thus exactly in line with the expectations most recently expressed by analysts. PANTAFLIX was launched at the end of the reporting period and is currently successfully completing its global roll-out.

The provisionally determined EBITDA amounts to EUR 9.3 million, representing another increase in comparison to the previous year’s EBITDA of EUR 8.8 million.

“In the past financial year, we very successfully laid the foundations for the Group’s future growth,” explains CEO Dan Maag. “In the past, our earnings were particularly impacted by investments in the development of PANTAFLIX. But these investments in previous years have more than paid off. The global roll-out of PANTAFLIX is now in full swing and is giving us cause for great pleasure.”

In the Film Production division, activities in the 2016 financial year included the filming of the series “You are Wanted” together with Warner Bros. The series was released in 200 territories worldwide after the reporting period in spring 2017, becoming the most successful series of all time on Amazon Prime Video in Germany and one of the five most-watched series on Amazon Prime Video in 70 countries on its opening weekend. Shortly after its release Amazon already ordered a second season, which is to be produced in the current financial year.

In the Video-on-Demand division, PANTAFLIX was made ready for the market in the reporting period. The developer team, which is based in Berlin among other locations, has successfully set up infrastructure that enables PANTAFLIX to commercialise petabytes of films from film-makers directly to consumers all around the world. With high-performance transcoding technology for accessing content on various different devices, on smart TVs and at pantaflix.com, as well as world-class digital rights management and an automated accounting system that handles all international cash flows including local taxes and payments automatically, PANTAFLIX has become a major asset for the Group. Alongside several other high-calibre additions to the workforce, the arrival of Stefan Langefeld, who moved to PANTALEON from Apple on 1 May 2017 as an additional Management Board member for operating business, now puts the Group in an excellent position to achieve accelerated growth.

The audited final figures will be published as part of the 2016 annual report in June 2017 in the Investor Relations section of the Company’s website at group.pantaleonentertainment.com.

About PANTALEON Entertainment AG:

PANTALEON Entertainment AG is one of the fastest growing media companies in Europe. The group, as a leading producer of feature films with world-class distribution partners such as Warner Bros. and Amazon Prime, developed high growth dynamics from the start. The financial success of the content division paid in for the formation of the disruptive video-on-demand (VoD) game changer pantaflix.com , a 100% daughter of PANTALEON that just recently initiated its global rollout. For more information: www.pantaleonentertainment.com and www.pantaflix.com

Contact:

PANTALEON Entertainment AG

Katharinenstrasse 4

D-61476 Kronberg im Taunus

Tel.:+49 6173 3945095

Fax: +49 6173 3945097

E-Mail: [email protected]

Contact Investor Relations:

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Freihamer Strasse 2

D-82166 Gräfelfing/Munich

Tel.:+49 89 89827227

E-Mail: [email protected]

12.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	PANTALEON Entertainment AG
	Katharinenstr. 4
	61476 Kronberg
	Germany
Phone:	06173 – 394 50 95
Fax:	06173 – 394 50 97
E-mail:	[email protected]
Internet:	www.pantaleonentertainment.com
ISIN:	DE000A12UPJ7
WKN:	A12UPJ
Listed:	Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt