Alle Storys
Folgen
Keine Story von JoWooD Productions Software AG mehr verpassen.

JoWooD Productions Software AG

EANS-Adhoc: JoWooD Productions Software AG
JoWooD presents annual financial results 2008

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
30.04.2009
• JoWooD presents best operative results in company history • 
Revenues increased by 10% to EUR 25 million YoY • operative EBIT 
increased by 10,4% to EUR 2,7 million with an EBIT margin of 11% 
•profit margin based on annual net profit of 7%
In EUR 000s
2008    2007    % to previous year
Revenues                       25.035  22.832      +  9,6%
EBIT
(before one-time effects)       2.744   2.485      + 10,4%
EBIT
(after one-time effects)*       1.978   2.485      - 20,4%
Annual net profit
(before one-time effects)       1.772   1.745      +  1,0%
Annual net profit
(after one-time effects)*       1.000   2.406      - 58,4%
*these values are not comparable to each other, as certain one-time 
effects are not being considered (this goes for FY 2008, as well as 
for FY 2007)
The historical results of FY 2008 further undermine the strategic 
decision to reinforce the market- and distribution positioning in the
international environment.
Consolidated revenues for FY 2008 increased by 10% compared with last
year´s reference period. The increase of revenues compared to 
previous year can be attributed to the expansion of the product 
portfolio, the diversification of publishing- and distribution 
business, as well as the continuing expansion of the distribution 
network. JoWooD increased its 2008 revenues by 10% in a year-on-year 
comparison and managed to do so while decreasing the total investment
volume in new products by 31.6% in FY 2008 (EUR 4,05 million, 
adjusted value) compared to FY 2007 (EUR 5,93 million, adjusted 
value). The operative EBIT (before one-time effects) amounts to EUR 
2,74 million and has been increased by 10,4% compared to last year´s 
reference period.
The overall result of 2008 was strained with one-time effects in the 
amount of TEUR 766. These one-time effects mainly result from the 
high amount of break-up costs, which proceed from the strategic 
transition from the traditional license-/distribution business to a 
strengthened direct distribution business. These steps have already 
been announced in last year´s interim reports.
From a present point of view, all essential break-up costs that had 
to be carried out in the course of this strategic transition have 
been considered and borne in FY 2008, and have been booked with a 
negative impact on the result. Beginning with FY 2009, a sustainable 
increase of the profitability is expected medium to long-term.
Outlook 2009
In the upcoming four to six quarters two core brands will be 
released. With "Yoga" for Nintendo® Wii™ one of the strongest titles 
in the 2009 line up with respective revenue expectations will be 
released in the fourth quarter 2009. With JoWooD´s in-house game 
concept, Yoga sessions will take place in living rooms and guarantee 
a longlasting gaming experience by supporting the "Wii Balance 
Board". With "ArcaniA - A Gothic Tale", the largest project in 
company history will be released at the end of 2009 / beginning of 
2010 with a multi-platform release on a global basis.
With an equity ratio of 54%, the JowooD Group is positioned solidly 
within the computer- and video games industry, which in a way proved 
to be quite resilient to the current economic crisis.
Because of this release schedule and the available distribution 
structure (enforced during FY 2008), management pursues - in due 
consideration that further distribution expansions run as planned, 
the overall economic situation does not negatively affect industry 
growth in a lasting way, and projects in development will be released
in a timely manner - the goal of achieving a company growth of 15% 
for FY 2009, according to corporate planning.
The entire annual financial report will be put online and sent out 
during the day.
end of announcement                               euro adhoc

Further inquiry note:

JoWooD Productions Software AG
Dr. Albert Seidl, Vorstand
Mag. Philipp Brock, Investor Relations
Tel.: +43 (0)3612 2828
mailto:investor@jowood.com
http://www.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 935221
Index: WBI, ATX Prime, ViDX
Börsen: Börse Berlin / free trade
Börse Frankfurt / free trade
Börse Stuttgart / free trade
Börse München / free trade
Wiener Börse AG / official dealing

Weitere Storys: JoWooD Productions Software AG
Weitere Storys: JoWooD Productions Software AG