Ad hoc: splendid medien AG: Splendid Medien Group: Revenues and earnings for first half of 2009,
exp
(Thomson Reuters ONE) - splendid medien AG / Quarterly report / Ad hoc: Splendid Medien Group: Revenues and earnings for first half of 2009,expectations for 2009 as a whole Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------(Cologne, 28 August 2009) - Splendid Medien AG generated revenues of?16.1 million in the first half of 2009 (previous year: ?16.8million). Consolidated earnings before interest and taxes (EBIT)amounted to ?0.6 million (previous year: ?1.0 million), whileconsolidated earnings before taxes (EBT) were ?0.3 million (previousyear: ?0.8 million). Consolidated net income amounted to ?0.1 million(previous year: ?0.6 million). Earnings per share were ?0.01(previous year: ?0.06).Revenues in the prior-year period were characterised by extraordinarysuccess of individual products. The current income situation wasinfluenced by rising costs in the area of sales in particular.Home Entertainment was the key division with 87% of total sales. Thiswas followed by Licence Trade with a 7% share of sales, and thePost-production division which contributed 6%.The Splendid Group has cash and cash equivalents of ?6.2 million (asat 31 December 2008: ?9.8 million). Cash flow from operatingactivities stood at ?3.4 million (previous year: ?3.7 million). As atthe reporting date 30 June 2009, equity amounted to ?14.8 million (asat 31 December 2008: ?14.7 million), while the equity ratio was 43.5%(as at 31 December 2008: 40.7%).In the first half of 2009, the Splendid Group's investments in filmassets amounted to ?6.5 million (previous year: ?3.0 million). Forfinancial year 2009, investments in film assets are planned for alevel above that of the 2008 financial year.The Management Board is expecting positive EBIT with revenues andearnings development below the previous year's level.The report on the first half of 2009 will be available for downloadon the website www.splendidmedien.com from 31 August 2009.For more information, please contact:Splendid Medien AGKarin OpgenoorthAlsdorfer Str. 350933 CologneTel.: 0049- (0)-221-95 42 32 99Fax: 0049- (0) 221-95 42 32 613karin.opgenoorth(at)splendid-medien.com --- End of Message ---splendid medien AGAlsdorfer Strasse 3 Köln GermanyWKN: 727950; ISIN: DE0007279507; Index: CDAX, CLASSIC All Share, Prime All Share;Listed: Regulierter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse;
Datum: 28.08.2009 - 21:29 Uhr
Sprache: Deutsch
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