EQS-News

Your Family Entertainment AG: Record Results in Fiscal Year 2022

EQS-News: Your Family Entertainment AG / Key word(s): Annual Results/Annual Report Your Family Entertainment AG: Record Results in Fiscal Year 2022 28.04.2023 / 12:03 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News Your Family Entertainment AG Your Family Entertainment AG: Record Results in Fiscal Year 2022

 

• Sales around 35% above previous year's level
• Strong EBITDA and net profit development for the year
• Bank liabilities fully repaid, cash and cash equivalents at around € 3.2m

 

Munich, April 28, 2023

Your Family Entertainment AG (WKN: A161N1, ISIN: DE000A161N14, abbreviation: RTV) based in Munich (short: YFE) yesterday published its annual report for the fiscal year 2022.

Significant improvements were achieved in all key financial figures compared to the previous year. Sales revenues increased by 35 % from € 3.1m to € 4.2m, while net income amounted to € 835k compared to € -79k in 2021. Adjusted EBITDA also increased to € 544k.

"Our company and our brands developed very positively in 2022 - in particular, the agreements with our American shareholder, Genius Brands International, Inc. enabled us to achieve strong growth and exceed our KPIs. For the current fiscal year, we therefore continue to see organic growth as well as healthy profitability," said Dr. Stefan Piëch, CEO of YFE.

YFE managed to reach license agreements with renowned partners in the German-speaking region such as SUPER RTL and ORF in 2022. Additionally, YFE succeeded in placing its free-to-air channel RiC TV for the first time on the MAGENTA TV platform of Deutsche Telekom. Furthermore, YFE won several new international customers such as TV3 Group in the Baltic countries and ZYNC in the US. In total, YFE's programs and channels are now broadcasted across 4 continents.