Ad hoc: splendid medien AG: Splendid Medien Group in Q1 2009
splendid medien AG / Quarterly report / Ad hoc: Splendid Medien Group
in Q1 2009
Ad hoc announcement according to §15 WpHG processed and transmitted
by Hugin. The issuer is solely responsible for the content of this
announcement.
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(Cologne, 27. May 2009) - Splendid Medien AG generated sales of ¤8.4
million in the first quarter of 2009 (previous year: ¤9.0 million).
Group earnings before interest and taxes (EBIT) totalled ¤0.9 million
(previous year: ¤0.8 million). Group earnings before taxes (EBT) came
to ¤0.7 million (previous year: ¤0.6 million). Group net profit
amounted to ¤0.7 million (previous year: ¤0.6 million). Earnings per
share were at ¤0.07 (previous year: ¤0.06).
Home Entertainment was the key division with an 83% share of total
sales. This was followed by Licence Trade with an 11% share of sales,
and the Postproduction division with 6%.
The Splendid Group has cash and cash equivalents of ¤8.7 million (31
December 2008: ¤9.8 million). Cash flow from operating activities
stood at ¤2.4 million (previous year: ¤-0.2 million). This increase
was primarily due to positive changes in the working capital,
particularly in the area of accounts receivable. Equity amounted to
¤15.4 million at the balance sheet date of 31 March 2009 (31 December
2008: ¤14.7), with an equity ratio of 42.1% (31 December 2008:
40.7%).
The Splendid Group invested a total of ¤3.0 million in film assets in
the first quarter of 2009 (previous year: ¤1.1 million). ¤3.5 million
affected cash in the past quarter. This included ¤0.7 million for
investments from the previous year. For the whole of the 2009
financial year, the Group is planning investment in film assets at
the same level as 2008.
The Managing Board is expecting sales and earnings for the 2009
financial year to match the level of the previous year.
The report for the first quarter of 2009 is available for download on
the company website www.splendidmedien.com from 29 May 2009.
Further information is provided at:
Splendid Medien AG
Karin Opgenoorth
Alsdorfer Strasse 3
D-50933 Cologne
Tel.: +49 221-95 42 32 99
Fax: +49 221-95 42 32 613
karin.opgenoorth@splendid-medien.com
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splendid medien AG
Alsdorfer Strasse 3 Köln Germany
WKN: 727950;
ISIN: DE0007279507; Index: CDAX, CLASSIC All Share, Prime All Share;
Listed: Regulierter Markt in Frankfurter Wertpapierbörse, Prime
Standard in Frankfurter Wertpapierbörse;