euro adhoc: Mood and Motion AG
Earnings Forecast
Ad hoc disclosure within
the meaning of section 15 of the Wertpapierhandelsgesetz (WpHG - German
Securities Trading Act)
Mood and Motion AG (previously Neue Sentimental Film AG) has adjusted its ...
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
29.12.2008
Mood and Motion AG (previously Neue Sentimental Film) has adjusted its annual forecast and forecast for the fourth quarter
Frankfurt am Main, December 29, 2008 - Mood and Motion AG (formerly Neue Sentimental Film), Frankfurt (ISIN: DE0005341408), a leading international producer of advertising films and TV formats, has not been able to escape the general trend of falling advertising spending, and has adjusted its forecast.
The fourth quarter is traditionally the strongest in the year, however as a result of the continued reluctance shown by advertising customers, which has had its full impact in the Q4, revenues of just approx. EUR 7 million and negative EBIT are being forecast for this quarter. As a result, the company is also adjusting its forecast for 2008 as a whole. CEO Tom Gläser is now forecasting revenues of approx. EUR 45 million and negative operating EBIT of approx. EUR -0.3 million from continued operations.
The Managing Board has already reacted by putting a cost-cutting program in place, with the result that up costs of up to EUR 1 million will be saved over the year. This spans both the synergies stemming from the integration as well as restructuring activities which will bear fruit in the first quarter. In addition, other activities are also being reviewed, with the result that the Managing Board plans to announce its forecast for the whole of 2009 in January.
end of announcement euro adhoc
Further inquiry note:
Thomas Schwinger-Caspari
Member of the Managing Board
MOOD AND MOTION AG
Thomas.Schwinger@moodandmotion.com
Phone: 0049 (0) 69 94 33 14 0
Fax: 0049 (0) 69 497 03 03
Branche: Cinema
ISIN: DE0005341408
WKN: 534140
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
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