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splendid medien AG / Quarterly report / Splendid Medien Group in H1 2008 Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
- Consolidated revenue rises from EUR 13.4 million to EUR 16.8 million - Consolidated EBIT increases from EUR 0.9 million to EUR 1.0 million - Operating cash flow increased from EUR 2.4 million to EUR 3.7 million - Capital ration raised to 43.8%
(Cologne, 29 August 2008) - In the first half of 2008, Cologne-based Splendid Medien AG generated consolidated revenues of EUR 16.8 million (previous year: EUR 13.4 million). Consolidated earnings before interest and taxes (EBIT) increased by EUR 0.1 million to EUR 1 million compared to the previous year. The most important business unit was the Home Entertainment segment, which accounted for an 80% share of total revenue. Licensing Operations were second in line, accounting for 12% of total revenue, followed by the Post Production unit with its 8% share.
Consolidated earnings before interest, taxes, depreciation and amortisation were increased from EUR 4.2 million to EUR 4.9 million. Consolidated earnings before taxes amounted to EUR 0.8 million (previous year: EUR 0.7 million). At EUR 0.6 million, consolidated net profit was at the level of the previous year. Earnings per share amounted to EUR 0.06 (previous year: EUR 0.06).
On the reporting date (30 June 2008), the Company's equity had expanded to EUR 14.5 million (as at 31 December 2007: EUR 14.0 million). Thus, the equity ratio increased from 41.6% to 43.8%.
Cash and cash equivalents amounted to EUR 8.1 million (31 December 2007: EUR 7.7 million). At the end of Q2 2008, the Company had EUR 1.8 million more in cash and cash equivalents that at the end of Q1 2008.
At EUR 3.7 million, the cash flow from the Group's operating activities for the first half of 2008 was above the cash flow for the same period of the previous year (EUR 2.4 million).
In H1 2008, the Splendid Group invested EUR 3.0 million in its film assets (previous year: EUR 4.2 million). For all of the 2008 financial year, the Managing Board expects investments in its film assets to be slightly under the level of the previous year.
For the 2008 financial year, the Managing Board is increasing its revenue forecast to around EUR 33 million and adjusting the expected EBIT margin to approximately 7%.
The report for H1 2008 will be available for download from the Company's homepage at www.splendidmedien.com from 29 August 2008.
More information is available from: Splendid Medien AG Karin Opgenoorth Alsdorfer Str. 3 50933 Köln Germany Tel.: +49 (0) 221-95 42 32 99 Fax: +49 (0) 221-95 42 32 613 karin.opgenoorth@splendid-medien.com
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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;
