Splendid Medien Group: figures for the first nine months of 2009
Press release according to WpHG - November 26, 2009
(Cologne, 26 November 2009) In the first nine months of 2009, Splendid Medien AG of Cologne generated consolidated revenue of 23.9 million (previous year: 24.1 million). Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to 6.8 million (previous year: 6.9 million), while consolidated earnings before interest and taxes (EBIT) totalled 0.4 million (previous year: 1.2 million). Consolidated earnings before taxes (EBT) came to -0.05 million (previous year: 0.9 million). Consolidated net profit amounted to -0.3 million (previous year: 0.5 million). Earnings per share stood at -0.03 (previous year: 0.05).
The income situation was influenced by cost increase in the sales area in particular and by cinema income falling short of planning.
Home Entertainment was the key division with an 83% share of total sales (previous year: 80%). This was followed by Licensing with an 11% share of sales (previous year: 11%) and Post-production, which contributed 6% (previous year: 9%).
The Splendid Group had cash and cash equivalents of 5.0 million as of 30 September 2009 (31 December 2008: 9.8 million). Cash flow from operating activities stood at 3.8 million (previous year: 3.7 million). Equity amounted to 14.4 million at the balance sheet date of 30 September 2009 (31 December 2008: 14.7 million), while the equity ratio was 41.9% (31 December 2008: 40.7%).
The Splendid Group invested 8.1 million in film assets in the first nine months of 2009 (previous year: 5.5 million).
The Managing Board is forecasting positive EBIT in the 2009 financial year with sales performance on par with the previous year and earnings performance below the previous years level.