Wild Bunch AG

Earnings Release • Nov 29, 2002

News Details

Ad-hoc | 29 November 2002 22:04

Senator Entertainment AG english

High amortization shapes Q3 results Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– High amortization shapes Q3 results Senator earned EUR 30.5 million in the third quarter (prior year: 32.7 million) primarily from license deals. 63% of the EUR 60.6 million in revenues reported as of 30 September (prior year: EUR 115.9 million) came from license trade. Due to the later completion of international film projects only minimal revenues were booked despite good pre-sales at the last international film fairs. As expected, the earnings before interest, taxes and depreciation and amortization declined by 55% to EUR 37.7 million. A high amortization quota resulted from not least of all because of adjusted revenue expectations for numerous films. The EUR 95.0 million amortization (EUR 65.7 million) pushed the EBIT down to EUR -58.6 million (EUR 17.0 million). Taking the financial result into account a loss of EUR -59.5 million (EUR 6.9 million) was reported as of 30 September. After the shift undertaken by the Group, low risk business, such as world distribution, is to be intensified. Positive contributions from this business area are expected for fiscal year 2003. Senator Entertainment AG Karl-W. Homburg Leiter Investor Relations/Corporate Communications phone: +4930 88091-612 k.homburg@senator.de Haubrok AG Christian Hillermann Investor Relations GmbH phone: +4940 300 86 90 c.hillermann@haubrok.de end of ad-hoc-announcement (c)DGAP 29.11.2002 ——————————————————————————– WKN: 722440; ISIN: DE0007224404; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 292204 Nov 02