DGAP-News Your Family Entertainment AG: Positive result despite the corona pandemic
DGAP-News: Your Family Entertainment AG / Key word(s): Annual Report/Annual Results
Corporate News from Your Family Entertainment AG (WKN A161N1; ISIN DE000A161N14)
Your Family Entertainment AG, Munich (WKN [German security code number]: A161N1, ISIN: DE000A161N14, ticker symbol: RTV) was able to achieve a clear improvement in the past financial year 2020 despite the corona pandemic:
- Sales revenues above the previous year's level
- Significant improvement in EBITDA and positive annual result
- Equity ratio increased
The Management Board's most recent forecast in the Half-yearly Financial Report 2020, namely that sales revenues would be slightly above the previous year's level with a simultaneous improvement in EBITDA, is thus confirmed by the Annual Financial Report published today.
Your Family Entertainment AG will continue to focus increasingly on expanding its international and national TV channel activities. The company is aiming for further market penetration, both in the free-TV segment with "RiC TV" and the pay-TV segment with "Fix&Foxi TV". In addition, the company intends to benefit from the strong growth in the VOD sector by focusing on this business area even more than in the past. Your Family Entertainment AG has a good starting position thanks to the size of its library of children's and family programs. It can not only supply existing customers, but also equip new players with comprehensive content packages.
At K€ 3,035, sales were 4 % above the previous year's level. This increase and active cost management led to a considerable increase in EBITDA, which at K€ 21 was significantly improved by K€ 375 compared to the previous year. The annual result for the 2020 financial year increased by K€ 2,419 to K€ 47.
Equity capital increased by K€ 234, from K€ 7.991 to K€ 8.225, which corresponds to an equity ratio of approx. 48 % as of December 31, 2020 (previous year: 45 %).
The full Annual Financial Report 2020 is available on the company's website at https://www.yfe.tv/en/financial-reports.