2009-11-26 20:52:08 -
London, November , 26, 2009
splendid medien AG / Quarterly report / Ad hoc: Splendid Medien
Group: figures for the first nine months of 2009
Ad hoc announcement according to §15 WpHG processed and transmitted
by Hugin. The issuer is solely responsible for the content of this
announcement.
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(Cologne, 26 November 2009) - In the first nine months of 2009,
Splendid Medien AG of Cologne generated consolidated revenue of
€23.9 million (previous year: €24.1 million). Consolidated earnings
before interest, taxes, depreciation and amortisation (EBITDA)
amounted to €6.8 million (previous year: €6.9 million), while
consolidated earnings before interest and taxes (EBIT) totalled
€0.4 million (previous year: €1.2 million). Consolidated earnings
before taxes (EBT) came to €-0.05 million (previous year:
€0.9 million). Consolidated net profit amounted to €-0.3 million
(previous year: €0.5 million). Earnings per share stood at €-0.03
(previous year: €0.05).
The income situation was influenced by cost increase in the sales
area in particular and by cinema income falling short of planning.
Home Entertainment was the key division with an 83% share of total
sales (previous year: 80%). This was followed by Licensing with an
11% share of sales (previous year: 11%) and Post-production, which
contributed 6% (previous year: 9%).
The Splendid Group had cash and cash equivalents of €5.0 million as
of 30 September 2009 (31 December 2008: €9.8 million). Cash flow from
operating activities stood at €3.8 million (previous year:
€3.7 million). Equity amounted to €14.4 million at the balance sheet
date of 30 September 2009 (31 December 2008: €14.7 million), while
the equity ratio was 41.9% (31 December 2008: 40.7%).
The Splendid Group invested €8.1 million in film assets in the first
nine months of 2009 (previous year: €5.5 million).
The Managing Board is forecasting positive EBIT in the 2009 financial
year with sales performance on par with the previous year and
earnings performance below the previous year's level.
The report for the first nine months of 2009 will be available for
download on the website www.splendidmedien.com from 30 November 2009.
For more information, please contact:
Splendid Medien AG
Karin Opgenoorth
Alsdorfer Str. 3
50933 Cologne
Germany
Tel.: +49 (0) 221-95 42 32 99
Fax: +49 (0) 221-95 42 32 613
karin.opgenoorth@splendid-medien.com
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splendid medien AG
Alsdorfer Strasse 3 Köln Germany
WKN: 727950;
ISIN: DE0007279507; Index: CDAX, CLASSIC All Share, Prime All Share;
Listed: Regulierter Markt in Frankfurter Wertpapierbörse, Prime
Standard in Frankfurter Wertpapierbörse;
