JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
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JoWooD announces final result for 2004

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

23.03.2005

• The Result is influenced by extraordinary write off of titles and deferred taxes as well as provision of depreciation and similar effects.

• Sales for 2004 at 18.4 Mio. EUR.

• Sales are heavily influenced by price-protection and stock-protection.

• New financing models, potential product line-up for 2005, first significant successes in distribution and excellent offers keep strategy for 2005 on track.

JoWooD Productions Software AG, a company quoted at the Vienna Stock Exchange announces sales of 18.4 Mio. EUR, an EBIT before restructuring of minus 7.5 Mio. EUR and a result of minus 22.0 Mio. EUR.

The result in details:

Sales                                       +18.4 Mio EUR
Cost of Sales                           -5.4 Mio EUR
Development Costs                        -12.8 Mio EUR
Gross Profit                           +0.2 Mio EUR
EBIT prior to restructuring -7.5 Mio EUR
Restructuring Result               -7.7 Mio EUR
Financial Result               -1.1 Mio EUR
Amortization of tax assets -5.7 Mio EUR
Result                                       -22.0 Mio EUR

Compared with the year 2003 the balance sheet total was reduced by 8 Mio. EUR to approx. 40 Mio. EUR.  This includes active deferred taxes, (6.6 Mio EUR), products, finished and unfinished goods, (17.4 Mio EUR), cash and shares, (2.7 Mio. EUR) and receivables, (10.9 Mio EUR).  Equity ratio is approximately 46%.

Other than reported recently certain assets concerning prepayments were reclassified slightly.  This measure has caused an increase in the total assets. The balance reconciliation with customers has led to a significant change in result as more depreciations of accounts were necessary.

Outlook

JoWooD will further follow up the 7-point program implemented in the first quarter 2005. First successes in distribution indicate that the right strategy for 2005 was chosen.

end of announcement                                euro adhoc 23.03.2005 11:55:57
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Further inquiry note: JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand Mag. Oliver Ruetz, Investor Relations Tel.: +43 (0)3614 2966 1016 mailo:investor@jowood.com http://www.jowood.com

Branche: Software
ISIN:      AT0000747357
WKN:        074735
Index:    WBI, ATX Prime, ViDX
Börsen:  Berliner Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Wiener Börse AG / official dealing



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