Splendid Medien Group 2008 Nine-Month Figures
Press release according to WpHG - November 28, 2008
(Cologne, 28 November 2008) In the first nine months of 2008, Cologne-based Splendid Medien AG generated consolidated revenue of EUR 24.1 million (previous year: EUR 19.7 million). Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) were increased by EUR 6.2 million to EUR 6.9 million. Consolidated earnings before interest and taxes (EBIT) came to EUR 1.2 million (previous year: EUR 1.2 million). Consolidated earnings before taxes amounted to EUR 0.9 million (previous year: EUR 0.9 million). At EUR 0.5 million, consolidated net profit was above the level of the previous year (EUR 0 million). Earnings per share amounted to EUR 0.05 (previous year: EUR 0).
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 11% of total revenue, followed by the Post Production unit with its 9% share.
The cashflow from the Group's operating activities as at 30 September 2008 came to EUR 3.7 million (previous year: EUR 3.0 million).
On the reporting date (30 September 2008), the Companys equity had expanded to EUR 14.5 million (31 December 2007: EUR 14.0 million). The equity ratio came to 41.4% (31 December 2008: 41.6%).
Cash and cash equivalents amounted to EUR 6.5 million (31 December 2007: EUR 7.7 million).
In the first nine months of 2008, the Splendid Group invested EUR 5.5 million in its film assets (previous year: EUR 6.4 million). For the full financial year 2008, the Splendid Group is planning investments in its film assets of around EUR 8.5 million.
For the financial year 2008, the Managing Board expects revenue amounting to some EUR 33 million and an EBIT of between EUR 1.8 million and EUR 2.3 million.