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Berliner Synchron AG: Board raises forecast for 2014 in light of positive company performance and the planned spin-off of Berliner Synchron AG.
4562 
0 KommentareDGAP-News: Berliner Synchron AG / Key word(s): Change in
Forecast/AGM/EGM
Berliner Synchron AG: Board raises forecast for 2014 in light of
positive company performance and the planned spin-off of Berliner
Synchron AG.
22.08.2014 / 09:10
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Berlin, 22 August 2014 - Today, the shareholders of Berliner Synchron AG
decide on a very extensive agenda. In addition to the standard items, there
is the election of Manfred Teubner, long-time head of entertainment at
German TV company ZDF, to the Supervisory Board of Berliner Synchron.
Furthermore, a spin-off in the form of a 100%-owned subsidiary for the
company's entire business, i.e. all assets and liabilities, will be
proposed to the shareholders. A control and profit transfer agreement is
also to be adopted, which will ensure future access to the operating
business.
As explained by the Board, there are many individual measures which because
of their scale have not yet been finalized and it is still too early for
decisions to be made. Important points include an expected complete release
of deferred tax assets to the next annual financial statement, and a final
and long-term clarification of the treatment of the loans by the major
shareholder. With that, Berliner Synchron AG would remedy the final
significant risks to its balance sheet by 31 December 2014. How much these
hidden reserves amount to also cannot yet be determined, but the amount is
possibly in the mid single-digit million range. Inasmuch as the exact
effects cannot be calculated yet, it is clear that the balance sheet will
further improve in terms of growing profitability. In addition, as strictly
a holding company, Berliner Synchron AG would gain considerable
flexibility.
Regarding company performance in the current, second half of the year, the
Board expects the positive trend to continue. In the first half of the
year, with an overall performance of EUR 4,426,000 (previous year EUR
4,132,000), Berliner Synchron AG generated a result of EUR 156,000
(previous year:. EUR 61,000) from normal business activities. The surplus
amounted to EUR 145,000 (previous year: EUR 56,000), earnings per share
were EUR 0.09. As a result of these figures, the Board expects a turnover
of over EUR 8,000,000 and an annual surplus of EUR 250,000, or earnings per
share of around EUR 0.15.
On the basis of operating performance and the impact of the spin-off, net
earnings of at least EUR 500,000 are now expected for 2014.
Upcoming Events
10 November 2014: Report on business performance in the third quarter of
2014
About Berliner Synchron AG
Berliner Synchron AG is the origin of dubbing services in Germany for the
professional language adaptation and subtitling of international feature
films and television productions, corporate media and multimedia content,
as well as barrier-free localization solutions. As one of the leaders of
the German dubbing industry with more than 60 full-time employees, the
company has built up an excellent world-wide reputation over its 63 years
and has a track record of more than 7,000 localized projects. With a
passion for language and sound as well as respect for the creative
invention of the original, this well-established company has been devoted
to one purpose since its founding in 1949: To feel the original.
For more information: www.berliner-synchron.de
Contact:
Berliner Synchron AG
Marcus Dröscher
Board of Directors
E-Mail: ir@berliner-synchron.de
Phone: +49 30 767 87 0
Mühlenstraße 52-54
D-12249 Berlin
---------------------------------------------------------------------
22.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
283449 22.08.2014
Berlin, 22 August 2014 - Today, the shareholders of Berliner Synchron AG
decide on a very extensive agenda. In addition to the standard items, there
is the election of Manfred Teubner, long-time head of entertainment at
German TV company ZDF, to the Supervisory Board of Berliner Synchron.
Furthermore, a spin-off in the form of a 100%-owned subsidiary for the
company's entire business, i.e. all assets and liabilities, will be
proposed to the shareholders. A control and profit transfer agreement is
also to be adopted, which will ensure future access to the operating
business.
As explained by the Board, there are many individual measures which because
of their scale have not yet been finalized and it is still too early for
decisions to be made. Important points include an expected complete release
of deferred tax assets to the next annual financial statement, and a final
and long-term clarification of the treatment of the loans by the major
shareholder. With that, Berliner Synchron AG would remedy the final
significant risks to its balance sheet by 31 December 2014. How much these
hidden reserves amount to also cannot yet be determined, but the amount is
possibly in the mid single-digit million range. Inasmuch as the exact
effects cannot be calculated yet, it is clear that the balance sheet will
further improve in terms of growing profitability. In addition, as strictly
a holding company, Berliner Synchron AG would gain considerable
flexibility.
Regarding company performance in the current, second half of the year, the
Board expects the positive trend to continue. In the first half of the
year, with an overall performance of EUR 4,426,000 (previous year EUR
4,132,000), Berliner Synchron AG generated a result of EUR 156,000
(previous year:. EUR 61,000) from normal business activities. The surplus
amounted to EUR 145,000 (previous year: EUR 56,000), earnings per share
were EUR 0.09. As a result of these figures, the Board expects a turnover
of over EUR 8,000,000 and an annual surplus of EUR 250,000, or earnings per
share of around EUR 0.15.
On the basis of operating performance and the impact of the spin-off, net
earnings of at least EUR 500,000 are now expected for 2014.
Upcoming Events
10 November 2014: Report on business performance in the third quarter of
2014
About Berliner Synchron AG
Berliner Synchron AG is the origin of dubbing services in Germany for the
professional language adaptation and subtitling of international feature
films and television productions, corporate media and multimedia content,
as well as barrier-free localization solutions. As one of the leaders of
the German dubbing industry with more than 60 full-time employees, the
company has built up an excellent world-wide reputation over its 63 years
and has a track record of more than 7,000 localized projects. With a
passion for language and sound as well as respect for the creative
invention of the original, this well-established company has been devoted
to one purpose since its founding in 1949: To feel the original.
For more information: www.berliner-synchron.de
Contact:
Berliner Synchron AG
Marcus Dröscher
Board of Directors
E-Mail: ir@berliner-synchron.de
Phone: +49 30 767 87 0
Mühlenstraße 52-54
D-12249 Berlin
---------------------------------------------------------------------
22.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
283449 22.08.2014
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