Ad hoc: splendid medien AG: Splendid Medien Group in the first nine months of 2007: sales and
revenue growth has continued
- Group sales increased by 11.3% to EUR 19.7 million
- Group EBIT increased by EUR 0.2 million to EUR 1.2 million
- Operating cash flow increased to EUR 3.0 million
- Equity ratio at 46.6%
(Cologne, 30 November 2007) - In the first nine months of 2007, Group
sales of Splendid Medien AG, Cologne, rose by 11.3% to EUR 19.7
million (previous year: 17.7 million). Group earnings before interest
and tax (EBIT) increased to EUR 1.2 million (previous year: EUR 1.0
million). The most significant business segment was the home
entertainment segment with a 78% share of total sales. Second place
was taken by the post-production segment with a 13% share of sales
followed by the licence trade segment with a 9% share of sales.
Group earnings before interest, tax, depreciation and amortisation
(EBITDA) significantly increased from EUR 4.6 million to EUR 6.2
million. Group earnings before tax (EBT) amounted to EUR 0.9 million
(previous year: EUR 0.8 million).
Due to the changes resulting from the reform of the corporation tax
law, deferred taxes on losses carried forward can now only be taken
into account by using a reduced tax rate. As a result, Group earnings
after tax were affected in the third quarter and amount to EUR -0.03
million. Adjusted for this special effect, Group earnings after tax
would have amounted to EUR 0.8 million (previous year: EUR 0.4
The company's equity as at the balance sheet date of 30 September
2007 was EUR 15.3 million (compared to EUR 15.3 million as at 31
December 2006. The equity ratio experienced a significant increase
from 44.5% to 46.6%.
Cash or cash equivalents amount to EUR 7.2 million (compared to EUR
10.7 million as at 31 December 2006).
The cash flow from the Group's current business operations was EUR
3.0 million in the first nine months (previous year: EUR 1.8
The Splendid Group invested EUR 6.4 million (previous year: EUR 6.1
million) in film assets during the first nine months of 2007.
The Splendid Group expects investments to be at last year's level for
the full 2007 financial year and it expects the percentage of sales
growth to be in double figures in comparison to the previous year,
combined with an increase in operating profit before tax.
The 2007 nine-month report will be available for download on the
company's homepage at www.splendidmedien.com from 30 November 2007.
For additional information please contact:
Splendid Medien AG
Alsdorfer Str. 3
D - 50933 Köln, Germany
Tel.: +49 (0)221-95 42 32 99
Fax no.: +49 (0)221-95 42 32 613
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splendid medien AG
Alsdorfer Strasse 3 Köln
WKN: 727950; ISIN:
DE0007279507; Index: CDAX, CLASSIC All Share, Prime All Share;
Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime
Standard in Frankfurter Wertpapierbörse;