JoWooD Productions Software AG
euro adhoc: JoWooD Productions Software AG
Annual Reports
JoWooD presents
the results of the third quarter 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
29.11.2006
Strongest quarterly EBIT of the year 2006
Sales revenues for the first three quarters 2006 doubled compared to the
previous year
A settlement with the local authority of Rottenmann has been reachedDear ladies and gentlemen, dear shareholders,
JoWooDs third quarter has been positively affected by the release of strong products, such as "The Guild 2" and the delivery of "Gothic 3" to our distribution partners. Altogether, the sales figures of both of these titles developed exceptionally well. Since the end of 2005, this is the third positive quarter in a row. With an operating result before restructuring of TEUR 909, we have reached the strongest quarter of this year so far. The equity ratio amounts to extraordinary 48% excluding subordinated liabilities.
Sales revenues for the third quarter 2006 were increased by 262% up to TEUR 4.608. The operative result in the third quarter of 2006 amounts to TEUR 273 with a respective group result of TEUR 272.
We have reached a settlement with the local authority of Rottenmann, which provides a general adjustment of the differences regarding the lease object. According to this settlement, the lease contract will be terminated and several demands shall be settled. The settlement shall be validated in the upcoming session of the district council.
The financial effects of this settlement have precautionary been considered in the restructuring results of the third quarter. This resolution can further improve JoWooDs overall cost structure significantly.
The nearly finished Add On to SpellForce 2, SpellForce 2 - Dragon Storm, will against the original plan be released in the first quarter of 2007, in order to expand the gamer-basis for the main product over Christmas.
With "Freak Out - Extreme Freeride" JoWooD developed another, interesting title in line with the successful winter sports series "Alpine Ski Racing 2007". In order to further capitalise the segment and to provide the group of buyers of winter sports titles with an offer that covers the entire season, we decided to release this product after Christmas.
At the moment, "Alpine Ski Racing 2007", which we market in cooperation with our partner RTL, is in stores for this years Christmas trade.
Besides the winter sports titles, JoWooD took another step forward in implementing its positioning within the handhelds market by announcing its publisher status for the Nintendo® DS system a few days ago. This step is the consequent implementation of expanding our targeted gamer audiences to casual gamers and the corresponding growing segment. Already in the pipeline for the DS system are interesting titles such as "Life Signs" (a.k.a. "Tendo Dokuta 2") and "Neighbours from Hell 2", both to be released in the first quarter 2007 and the second quarter 2007, respectively. The teaserpage of "Life Signs" is already online at www.lifesigns-game.com.
The intended acquisition of Canada-based publisher Dreamcatcher results in interesting opportunities for the future of the consolidated company. An important aspect of this transaction is the immediate and significant enlargement of the product catalogue of both companies. The following, current titles of Dreamcatcher already contribute to the consolidated, European group turnover in the first and second quarter of 2007.
Q1 2007: Agatha Christie - Murder on the Orient Express Aura 2 - Sacred Rings Genesis Rising
Q2 2007: Dead Reefs
Yours,
Dr. Albert Seidl, CEO JoWooD Productions
Key Figures
All values in EUR 000 Jan - Sept 2006 Jan - Sept 2005 Sales 12.214 6.312 Costs of goods sold -884 -1.643 Development costs (exclusive of depreciation of games) -478 -1.300 Gross profit before depreciation of games 10.852 3.369 Depreciation of games -5.703 -2.162 Gross profit after depreciation of games 5.149 1.207 Operating result before restructuring 1.964 -2.430 Restructuring result -561 -16.594 Operating result after restructuring 1.403 -19.024 Result from ordinary operations 1.166 -19.300 Result prior to minorities and changes in reserves 1.157 -19.305 Group result 1.157 -19.305 All values in EUR 000 09.30.2006 09.30.2005
non- current assets 3.008 512 Cash on hand and in banks 7.192 420 Accounts receivable others 8.942 10.026 Total assets 19.142 10.958 shareholders` equity 9.145 -8.763 Longterm accounts payable 3.783 3.867 Longterm debts to banks subordinated 3.714 0 short term accounts payable 6.214 15.854 Shortterm debts to banks 202 5.626 Advanced payments 352 1.021 Equity ratio 48% kA All values in EUR 000 Juli - Sept 2006 Juli - Sept 2005 Sales 4.608 1.757 Costs of goods sold -182 -273 Development costs (exclusive of depreciation of games) 94 -251 Gross profit before depreciation of games 4.520 1.233 Depreciation of games -2.187 -249 Gross profit after depreciation of games 2.333 984 Operating result before restructuring 909 84 Restructuring result -543 -5.605 Operating result after restructuring 366 -5.521 Result from ordinary operations 273 -5.576 Result prior to minorities and changes in reserves 272 -5.577 Group result 272 -5.577
end of announcement euro adhoc 30.11.2006 08:15:35
Further inquiry note:
JoWooD Productions Software AG
Dr. Albert Seidl, Vorstand
Mag. Philipp Brock, Investor Relations
Tel.: +43 (0)3612 2828
investor@jowood.com
http://www.jowood.com
Branche: Software
ISIN: AT0000747357
WKN: 935221
Index: WBI, ATX Prime, ViDX
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing