JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
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JoWooD Productions Software AG - Preliminary Results 2002 (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- - Sales in the fourth quarter amounted to EUR 13.3 illion, Group results after minorities clearly positive at EUR 1.8 million - Total sales in 2002 rose to EUR 43.5 million - Initial restructuring programme successfully implemented In the fourth quarter 2002 sales of JoWooD Productions Software AG amounted to EUR 13.3 million. EBIT was at EUR 96,000 and Group result after minorities in the same period reached EUR 1.8 million. The main contributing factor was the huge success of Gothic II in the German speaking territory. Preliminary sales of the JoWooD Group rose by 4.4% compared to last year to EUR 43.5 million in 2002. Due to value corrections of assets and restructuring measures started in the third quarter, preliminary EBIT dropped to EUR -42.8 million. The Group result after minorities amounted to EUR minus 28.6 million. EBIT before restructuring measures was at EUR - 5.6 million for the whole business year. Despite the difficult liquidity situation in the fourth quarter and loss of sales the results reflect the first positive trends due to restructuring measures implemented. Their long term effect and perspective for the company continue to be both dependent on the fast and successful implementation of a new distribution concept. "The 2003 business year clearly reflects the company’s new positioning. Many top titles are already in the product pipeline and the international release of Gothic II is yet to come. In the meantime we will continue to evaluate the structural reorganisation in order to strengthen the Group in the long term," commented Andreas Tobler, member of the management board. The 2002 final results will be published on March 5th, 2003. end of announcement euro adhoc 13.02.2003 --------------------------------------------------------------------- Further inquiry note: JoWooD Productions Software AG Dr. Michael Pistauer, Management Board Karin Kraberger, Investor Relations Tel.: +43 (0)3614 2966 1015 mailo:investor@jowood.com http://www.jowood.com Branche: Software ISIN: AT0000747357 WKN: 074735 Index: ATX Prime, ViDX, WBI Börsen: Baden-Württembergische Wertpapierbörse / free trade Bayerische Börse / free trade Berliner Wertpapierbörse / free trade Frankfurter Wertpapierbörse / free trade Wiener Börse AG / official dealing

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