DGAP-News: Catalis SE: Successful turnaround during financial year 2012; exciting prospects ahead and new appointment to the board
(firmenpresse) - DGAP-News: Catalis SE / Key word(s): Miscellaneous
Catalis SE: Successful turnaround during financial year 2012; exciting
prospects ahead and new appointment to the board
21.01.2013 / 11:19
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Corporate News: Successful turnaround during financial year 2012; exciting
prospects ahead and new appointment to the board
Eindhoven, January 21, 2013 - Catalis SE, the worldwide service provider
for the digital media and entertainment industry, is pleased to announce
significant trading progress in fiscal year 2012.
- Revenue for fiscal year 2012 to exceed EUR 27m (2011: EUR 26.4m)
- Subsidiaries Kuju and Testronic Labs are both profitable in 2012.
Resulting group profit was in excess of EUR 800k (EBIT), after
significant restructuring costs. Represents a significant turnaround on
the losses recorded in 2011 (-EUR 3.5m EBIT), and those of the two
preceding years.
- Expect significant positive net income and positive EPS for 2012.
- Strong operating cash flow, enabling the repayment of a portion of bank
debt (more than EUR 1.0m)
- Testronic Labs recorded in 2012 their highest ever revenues in the
company's history in excess of EUR 16m (2011: EUR 14.0m)
- Strong incoming orders for Kuju with EUR 10m worth. Several projects
are planned for release in the Christmas season 2013.
- The conducted significant cost reductions in 2012 will transpire in
2013.
Dominic Wheatley, CEO, commented:
'After my appointment in early 2012 as CEO of the Catalis Group, I have
taken decisive actions to reduce the corporate overheads, improve trading,
and make personnel changes, all of which have already made a positive
impact. The measures already had a positive effect in fiscal year 2012,
but the full effect of these changes will become evident in 2013.
Furthermore, Catalis has managed to reduce its bank debt from EUR 10.38m to
EUR 9.10m over the course of fiscal year 2012, and we are focused on
reducing this further.
I am also pleased to report that Kuju and Testronic Labs, the two
operational divisions of Catalis, are anticipating further progress in the
coming year. Kuju's under-performing studios have been closed and key new
executives have been appointed, with whose input over EUR 10m of
high-profile contracts have already been secured. We have also seen a rise
in revenues at Testronic, a direct consequence of increasing our UK and
Polish operations. Although we were pleased with 2012's results, we have
higher expectations of 2013.'
Catalis can also report its intention to appoint Mr. Nick Winks as Director
and Chief Restructuring Officer with effect from 6th March, 2013. Nick has
been helping and advising the company for the last 18 months and now joins
to help us make strategic decisions for the next period. For this reason,
the Shareholders of Catalis SE will be invited to attend an Extraordinary
General Meeting of Shareholders of the Company likely on 6th March, 2013 to
vote on this proposal.
For further information on Catalis SE and its wholly owned subsidiaries,
Testronic Labs, DDP and Kuju, please refer to www.catalisgroup.com,
www.testroniclabs.com, www.doublesixgames.com and www.kuju.com.
For further questions please contact our Investor Relations team directly:
Catalis SE
Investor Relations Team
t: +49 89 24 41 18 - 223
f: +49 89 24 41 18 - 499
info(at)catalisgroup.com
Catalis SE:
Catalis is a worldwide leading outsourcing provider focusing on high-end
technical services relating to the creation of digital content for the
film, video games and software industries. Catalis offers both testing and
development services. It operates through its wholly-owned subsidiaries
Testronic Labs and Kuju from locations throughout the UK, Europe and the
USA.
End of Corporate News
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21.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Catalis SE
Geldropseweg 26-28
5611 SJ Eindhoven
Netherlands
Phone: +31 (0)40 2135930
Fax: +31 (0)40 2135604
E-mail: info(at)catalisgroup.com
Internet: www.catalisgroup.com
ISIN: NL0000233625
WKN: 927093
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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199473 21.01.2013
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Datum: 21.01.2013 - 11:19 Uhr
Sprache: Deutsch
News-ID 221200
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