Splendid Medien AG

Earnings Release • Mar 29, 2002

News Details

Ad-hoc | 29 March 2002 02:11

splendid medien AG english

Splendid Medien AG in the Fiscal Year 2001 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Splendid Medien AG in the Fiscal Year 2001 – Sales increased by 158% to 69.4 million Euro, EBITDA by 181.3% to 52.6 million Euro – The group’s annual result at -2.9 million Euro after special effects – Clear sales increase expected for 2002 (Cologne, 28th March 2001) – The Splendid Medien AG, Cologne, has increased its annual sales by 158% to 69.4 million Euro in the fiscal year 2001 compared to the previous year (previous year: 26.9 million Euro). Most important department was License Dealings with a ratio of 83.1% of the total sales. The department Home Entertainment made the second place with 14.6% of the total sales right ahead of the department Post-production with a share of 2.3%. In 2001, the department License Dealings achieved an over-proportional sales increase of 196.9% with 57.6 (previous year: 19.4) million Euro. The department Home Entertainment made it in 2001 to 10.2 (previous year: 5.2) million Euro with a sales increase of 96.1%. The earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 181.3% to 52.6 (previous year: 18.7) million Euro. The earnings before interest and taxes (EBIT) was at -11.1 (previous year: 0.7) million Euro. For the fiscal year 2001, a corporate annual deficit of -2.9 million Euro (previous year: 3.4 million Euro) emerged. With that, the earnings per share stood at -0.32 (previous year: 0.39) Euro. The losses are mostly the result of the evaluation of the movie library, which is mainly controlled by the regulations of the US-GAAP, especially the SOP 00- 02. This resulted in additional write-offs on movie rights in the amount of 12.7 million Euro. Furthermore, a write-off in the amount of 16.6 million Euro was made on the delivery claim of shares from IM Internationalmedia AG, due to this stock’s massive price losses. Splendid Medien AG has already previously reported both measures. The company’s equity capital amounted 77.0 (previous year: 79.8) million Euro on the date of the balance sheet. The equity capital quota was with 77.2% still comparably high within the industry. The operative cash-flow reached 26.3 (previous year: 32.1) million Euro. For the fiscal year 2002, Splendid Medien AG is expecting a clear sales increase compared to 2001. The trading with international license rights will make a substantial contribution to those results. end of ad-hoc-announcement (c)DGAP 29.03.2002 ——————————————————————————– WKN: 727950; ISIN: DE0007279507; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 290211 Mär 02