DGAP-News: Berliner Synchron AG reduces costs significantly and sustainably; Negotiations for the sale and leaseback of property concretised
(firmenpresse) - DGAP-News: Berliner Synchron AG / Key word(s): Strategic Company
Decision/Real Estate
Berliner Synchron AG reduces costs significantly and sustainably;
Negotiations for the sale and leaseback of property concretised
05.03.2013 / 12:15
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Berlin, 05.03.2013 - Berliner Synchron AG, the well-established leading
film dubbing company for international feature films and TV productions, is
substantially and sustainably reducing its costs. Ceteris paribus,
personnel expenses and expenses for external services are to be reduced by
at least EUR 750 000 per annum. This corresponds to almost 8% of turnover
in the 2012 financial year. The new organisational structure will also
increase the quality and flexibility of dubbing services. In this way, the
board wants to lead the company back to profitability after five years of
losses. The Board's decision to implement restructuring measures was taken
in late 2012. As of 31.12.2012, the company will make provision for the
implementation. As a result, the Board is correcting the previous profit
forecast of EUR 350 000 for 2012 downwards accordingly.
Since the measures will only be effective as of April to July 2013, savings
in the current year can naturally not be realised to their full extent, but
on a pro rata basis only.
Negotiations for the sale and leaseback of the property in Lankwitz are
progressing. This transaction would allow Berliner Synchron to write off
almost all its debts at a stroke. However, the Board does not anticipate
that the book value as of 30/09/2012 can be realised in full. A
corresponding devaluation of the book value is to be carried out as of
31.12.2012, which is likely to eat up the previously expected profit for
last year and lead to a negative operating result for 2012.
By posting this matter in 2012, a strain on the current financial year
through savings and adaptation measures will be avoided , the aim being to
demonstrate the intended turnaround free of 'old burdens'.
As a result of the possibly necessary devaluation, the Board does not
exclude the possibility of determining and reporting the loss of half the
equity in the course of a sale of the property, in which case, a general
meeting would be called. For the value of shares, these accounting
processes and formalities have no influence whatsoever on relevant ongoing
business activities.
Upcoming events
27 March 2013: Publication of the preliminary annual figures for 2012
25 April 2013: Publication of the annual accounts for 2012
06 - 08 May 2013: Entry and General Standard Conference of the Frankfurt
Stock Exchange
About Berliner Synchron AG
Berliner Synchron AG is the origin of dubbing services in Germany for the
professional language adaptation and subtitling of international feature
films and television productions, corporate media and multimedia content,
as well as barrier-free localization solutions. As one of the leaders of
the German dubbing industry with more than 60 full-time employees, the
company has built up an excellent world-wide reputation over its 63 years
and has a track record of more than 7,000 localized projects. With a
passion for language and sound as well as respect for the creative
invention of the original, this well-established company has been devoted
to one purpose since its founding in 1949: To feel the original.
For more information: www.berliner-synchron.de
Contact:
Berliner Synchron AG
Marcus Dröscher
Head of Finance and Accounting
E-Mail: mdroescher(at)berliner-synchron.de
Phone: +49 30 767 87 101
Mühlenstraße 52-54
D-12249 Berlin
End of Corporate News
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berliner-synchron-ag-reduces-costs-significantly-and-sustainably
negotiations-for-the-sale-and-leaseback-of-property-concretised
Unternehmensinformation / Kurzprofil:
Datum: 05.03.2013 - 12:15 Uhr
Sprache: Deutsch
News-ID 235878
Anzahl Zeichen: 5039
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Kategorie:
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