Tous Actualités
Suivre
Abonner Advanced Medien AG

Advanced Medien AG

euro adhoc: Advanced Medien AG
Advanced Medien announces preliminary results for fiscal year 2003 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Munich, March 25, 2004 - Advanced Medien AG today announced that it
has systematically continued its strategy of consolidation and
restructuring during the past fiscal year. As part of the
restructuring measures, business operations had to be limited to the
parent company. As a result, the US subsidiary Advanced Licencing
North America Inc. and its 51 percent stake in Unified Film
Organization LLC. was sold in September 2003. Furthermore, the
subsidiary TSC Technische Systeme Consult GmbH was excluded from the
scope of consolidation due to insolvency. This means that the parent
company no longer is required to prepare consolidated accounts. The
financial statements for fiscal year 2003 therefore only comprise the
financial statements of the parent company. Figures in the financial
statements of Advanced Medien AG are thus no longer comparable with
the consolidated figures from the previous year.
Sales of Advanced Medien AG during the past fiscal year were EUR 1.0
million, down from EUR 9.8 million for the previous year
(consolidated comparison figure).
Earnings before interest, taxes, depreciation and amortization
(EBITDA) were EUR 0.2 million, down from EUR 5.8 million in 2002
(consolidated comparison figure). The decline is due to the fact that
the US subsidiary no longer contributed to the company's earnings.
After deduction of amortization of investments worth EUR 2.05 million
and of film assets worth EUR 8.03 million, earnings before interest
and taxes (EBIT) decreased to EUR -9.9 million after EUR -5.0 million
for the previous fiscal year (consolidated comparison figure). Net
income for the year was EUR 6.0 million after a net loss of EUR -5.8
million in 2002 (consolidated comparison figure). Of this figure, EUR
16.2 million is attributable to extraordinary income from the capital
increase carried out in 2003.
The complete annual report will be published in early April 2004 at 
www.advanced-medien.de.
Advanced Medien AG
The management board
end of announcement        euro adhoc 25.03.2004

Further inquiry note:

Susanne Rehm
Advanced Medien AG
info@advanced-medien.de

Branche: Media
ISIN: DE0001262186
WKN: 126218
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

Plus de actualités: Advanced Medien AG
Plus de actualités: Advanced Medien AG