Splendid Medien AG

Earnings Release • May 31, 2002

News Details

Ad-hoc | 31 May 2002 21:49

splendid medien AG english

Splendid Medien AG in the 1st Quarter 2002 Shows Measurable Revenue Growth Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Splendid Medien AG in the 1st Quarter 2002 Shows Measurable Revenue Growth -Sales up by 184 % to EUR10.5 million -EBITDA climbs to EUR6.4 million, quarterly earnings stand at EUR-2.8 million -Integration of Splendid Pictures and launch investments in film projects (Cologne-31st Mai 2002)-Splendid Medien AG, Cologne, has increased revenues in the 1st quarter of 2002 by 184 % from the previous year to EUR10.5 million (previous year: 3.7). The most important business was license trading which accounted for a 68.6% share of total revenue. In second place was the home entertainment business which contributed a 27.6% share of revenues ahead of the postproduction business which made up 3.8%.The license trading business achieved an over proportional boost in revenue of 350% in the 1st quarter of 2002 with EUR7.2 million (previous year: 1.6). Substantial contributions were made by the sale of TV licenses to German TV broadcasters amounting to EUR3.1 million (prev. year:0.4) along with the sale of international film rights, especially the Splendid Pictures production “NARC” to international license traders for EUR4.1 million (prev. year: 0.3).The home entertainment business brought in EUR2.9 million (prev. year: 1.5) reflecting revenue growth of 93%. The pace of growth was set primarily by the utilization of titles such as “Dragonball Z” on for- sale cassettes/DVDs.The earnings before interest, taxes, depreciation and amortization (EBITDA) increased visibly to EUR6.4 million (prev. year:-0.2). Earnings before interest and taxes (EBIT) stood at EUR-2.7 million (prev. year:- 2,1). In the 1st quarter of 2002 the group’s revenues were EUR-2.8 million (prev. year:-1.4), especially due to the integration of Splendid Pictures and launch investments in film projects. The earnings per share thus stood at EUR- 0.32 (prev. year: -0.16). The balance sheet total rose against the end of fiscal year 2001 by 26% from EUR93.9 to EUR117,8 million. The dominant contribution was made by the increase in film assets by 67% to EUR60.8 million (prev.year:36.4). The company’s equity capital on the balance sheet date amounted to EUR68.4 (prev. year: 71.1). The equity ratio stood at 58%. Cash and cash equivalents on the date of the quarterly statement stood at EUR4.2. The first quarter financial report is available as a download at our homepage www.splendidmedien.com. end of ad-hoc-announcement (c)DGAP 31.05.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: You can receive additional information from: Splendid Medien AG, Karin Opgenoorth, Alsdorfer Str. 3, 50933 Köln, Tel.: +49 (0)221-95 42 32 99, Fax: +49 (0)221-95 42 32 8, Karin.Opgenoorth@splendid- medien.de ——————————————————————————– WKN: 727950; ISIN: DE0007279507; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 312149 Mai 02