Advanced Medien AG

euro adhoc: Advanced Medien AG
Advanced Medien AG announces 9-month results (E)

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Advanced Medien AG announces 9-month results
Munich, November 21, 2003 - Advanced Medien AG (ISIN DE-0001262186,
SIN 126218) today announced revenues of EUR 1.2 million for the first
nine months of fiscal year 2003. This compares to revenues of EUR 9.3
million for the same period of last year. Revenues were primarily
generated by the film licensing business segment. Advanced Medien AG
and the subsidiary TSC Technische Systeme Consult GmbH contributed to
revenues. In the same period of last year, revenues of EUR 8.0
million recorded by the former subsidiary Unified Film Organization
LLC in Los Angeles had been fully consolidated. On September 9, 2003,
the US subsidiary Advanced Licencing North America Inc. and its 51%
share in Unified Film Organization LLC were sold. As a result, U.F.O.
was deconsolidated as of September 30, 2003.  
This results in an EBITDA of minus EUR 2.3 million for the first nine
months of 2003 as compared to an EBITDA of EUR 6.1 million for the
same period of last year. The  amortization of film assets decreased
from EUR 8.1 million in the first nine months of last year to EUR 2.0
million. As a result, earnings before interest and taxes (EBIT)
according to IAS for the first nine months were negative at minus EUR
4.3 million (previous year: minus EUR 2.5 million). The net loss for
the period from January 1 to September 30, 2003, increased to EUR 5.1
million. This compares to a loss of EUR 4.0 million in the same
period of last year. As of September 30, 2003, the undiluted loss per
share was EUR 0.40 as compared to a loss per share of EUR 0.23 for
the same period last year.
Earnings before interest, taxes, depreciation and amortization
(EBITDA) according to IAS in the third quarter alone were negative at
minus EUR 2.0 million (previous year: minus EUR 2.2 million). After
deducting amortizations of EUR 0.1 million, this translates to a
negative EBIT of minus EUR 2.1 million for the third quarter,
following a negative EBIT of minus EUR 0.2 million in the previous
year. The net loss for the third quarter amounted to EUR 2.4 million,
compared to a net loss of EUR 0.7 million for the same period last
year.
The full 9-month report will be available for download at
www.advanced-medien.de from late November.
~
Key figures according to IAS in EUR thsd.
                                                      Sep 30, 2003  Sep 30, 2002
Revenues                                         1,158              9,302
EBITDA                                            -2,268            6,058
EBIT                                                -4,279            -2,532
Financial result                            -811                -1,488
EBT                                                 -5,090            -4,020
Result from ordinary operations    -5,088            -4,022
Loss for the period                        5,055              4,060
Loss per share (euros)                  0.40                0.23
~


end of announcement            euro adhoc 21.11.2003
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Further inquiry note: Advanced Medien AG, Susanne Rehm,

Branche: Media
ISIN:      DE0001262186
WKN:        1260218
Index:    CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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