Splendid Medien Group: First Half of 2006
Press release - August 31, 2006
- Group sales: Euro 11.2 million
- Group EBIT: Euro 0.5 million
- Group result: Euro 0.1 million
- Liquid funds: Euro 9.2 million
(Cologne, 31 August 2006) In the first six months of 2006, Splendid Medien AG, Cologne, generated group sales of Euro 11.2 million (previous years period: Euro 10.0 million). The largest contributor to sales was the Home Entertainment division, with a share of 75.0% of total sales. In second place came the Post-Production division with a share of 15.8 % of sales revenues, followed by License Trade with a sales share of 9.2 %.
In the period under review, the Group earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to Euro 2.7 million (previous year: Euro 3.5 million, adjusted by special effects: Euro 2.4 million). The group generated earnings before interest and taxes (EBIT) of Euro 0.5 million (previous year: Euro 1.6 million, adjusted by special effects: Euro 0.5 million), thereby matching the adjusted previous years group EBIT. The Group result of the first six months of 2006 (Euro 0.1 million) substantially exceeded the adjusted previous years figure (previous year: Euro 0.7 million, adjusted by special effects: Euro -0.4 million).
As of 30 June 2006, the groups equity capital amounted to Euro 12.4 million (31 December 2005: Euro 12.3 million). Liquid funds stood at Euro 9.2 million (31 December 2005: Euro 7.7 million).
In the first six months of 2006, the Splendid Medien Group invested Euro 5.0 million (previous year: Euro 0.9 million) in its film library. The respective effect on sales and income is expected to be felt in the financial year 2007.
For the overall financial year 2006, the Splendid Medien Group is expecting a rise in sales compared to the previous year as well as a further improvement in the operating margin.