Readcrest Capital AG

AGM Information • May 10, 2001

News Details

Ad-hoc | 10 May 2001 08:00

Ad hoc-Service: Dino entertainment AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Dino entertainment AG Measures for restructuring take effect At the General Shareholders’ Meeting on 10 May 2001, Chairman of the Board, Christian Neuber, reports on the results of the first quarter 2001. Turnover and proceeds of the integrated media company are according to plan. All measures for restructuring the company announced in 2000, like, for instance, the consistent discontinuation of deficitary product lines, have been successfully implemented and are showing results. Especially positive is that in spite of the reduced product portfolio sales revenues in the first quarter amounting to DM 16.1 million were 2.8 percent higher than in the corresponding period of the previous year (DM 15.7 million). EBIT totalling DM -2.1 million (previous year: DM -2,9 million) is according to plan and a signal for the positive turnaround. On the whole, Dino takes a positive view of the further development of the year – especially since the attractive sale of licensing rights centring around subjects like Harry Potter and the Quiz-Hype will only be entered into accounts and effect turnover and proceeds in the months to follow. For the entire year Dino expects turnover of DM 71 million and a balanced operating result. The complete quarterly report will be published according to schedule in week 22. Dino entertainmant AG Steffen Volkmer Presse- & PR / IR-Manager Rotebühlstrasse 87 70178 Stuttgart Tel.: ++49 711/94768-824 Fax: ++49 711/94768-830 e-mail: IR@DinoAG.de end of ad hoc announcement (c) DGAP 10.05.2001 ——————————————————————————– WKN: 525040; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 100800 Mai 01