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DGAP-Ad hoc: splendid medien AG english = - 500 Beiträge pro Seite


ISIN: DE0007279507 | WKN: 727950 | Symbol: SPM
0,778
16.11.19
Lang & Schwarz
+0,32 %
+0,003 EUR

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Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

Splendid Medien AG in the first quarter of 2001

- Sales of EUR3.7 million, EBIT of -EUR2.1 million - Screen rights up 75% over last year - On-target sales for the whole year 2001 unchanged at EUR51 million

In the first quarter of 2001 Splendid Medien AG recorded sales of EUR3.7 million. The comparable figure last year was EUR6.7 million.

Sales in the Splendid Group suffered primarily from the postponed delivery of the film "e;The Dangerous Lives of Altar Boys"e;. This co-production, which was originally scheduled for delivery in the first quarter of 2001, will only be reflected in sales in the second half of the year. This means that the international Licences Trading Segment generated sales of EUR0.3 million in the first quarter of 2001. The national Licences Trading Segment (sales: EUR0.4 million) was severely affected by restrained sales activity from dealings in licences with German television companies. In the Cinema Film Exploitation Segment sales to the sum of EUR0.9 million were recorded from the cinema circuit starts of "e;Dr. T and the Women"e; and "e;Under Control"e; (Original title "e;Gorgeous"e;). Cinema exploitation of "e;Traffic"e; will only be reflected in sales and earnings in the second quarter of 2001. This thriller has been viewed by 1.2 million cinema-goers since it started its run in Germany at the beginning of April.

In the retail cassette/DVD sector, sales increased by 93% to EUR1.4 million. Rental VHS and DVD generated sales of EUR0.1 million (EUR1.2 million last year). For the second half of the year Splendid expects distinct increases in turnover from video exploitation of the cinema productions. Post-production (dubbing/DVD premastering) managed to increase its turnover in the first quarter by 56% to EUR0.6 million.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to -EUR0.2 million (EUR5.1 million last year). Earnings before interest and taxes (EBIT) were -EUR2.1 million (EUR0.8 last year). The EBIT figure was particularly affected by amortisation undertaken on film rights and the costs for cinema exploitation which provide the basis for turnover and earnings in the follow-on exploitation stages. DVFA earnings per share amounted to -EUR0.16 (EUR0.10 last year).

At the end of the quarter, screen rights amounted to EUR85.8 million and were therefore 75% higher than the figure for the previous year.

Typical of our branch of industry is the fact that the main thrust of revenues and earnings lies in the second half of the year. Splendid Medien AG expects for that period distinct increases in turnover and earnings, in particular from the delivery of the co-produced films including "e;Gangs of New York"e;, and is sticking by its target sales figure of EUR51 million over the entire year 2001.

Contact: Splendid Medien AG Karin Opgenoorth Alsdorfer Str. 3 50933 Köln Tel.: 0049-221-95 42 32 99 Fax: 0049-221-95 42 32 8 Karin.opgenoorth@splendid-medien.de

end of ad hoc announcement (c) DGAP 31.05.2001 -------------------------------------------------------------------------------- WKN: 727950; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

310827 Mai 01






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