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Neue Sentimental Film AG

euro adhoc: Neue Sentimental Film AG
Mergers - Acquisitions - Takeovers
Neue Sentimental Film AG, Frankfurt (NSF) becomes European market leader for advertising film production by acquiring the Telemaz Group

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Neue Sentimental Film AG
09.04.2008
Frankfurt am Main, April 9, 2008 - Neue Sentimental Film AG (ISIN: 
DE0005341408), a leading, international company for the production of
advertising films and TV formats, acquired a 100% interest in the 
Telemaz Group this evening. The Telemaz Group is located in Berlin, 
Düsseldorf and Hamburg. A purchase price of EUR 3.45 million has been
agreed for the acquisition. This will mostly be financed by 
increasing NSF AG's capital by 2,450,000 new no-par value shares to a
total of 13,114,000 shares via a non-cash capital increase. The 
sellers have valued the shares at a price of EUR 1 per share when 
agreeing this price and have concluded lock-up agreements for these 
shares. In addition, a multi-year installment payment plan has been 
agreed.
The Telemaz Group ranks third on the German advertising film market 
and is an ideal partner for NSF as its value chain focuses on 
different areas and also due to its portfolio of customers. The 
branches acquired recorded total revenues of EUR 13.8 million in 
fiscal year 2007. This results in pro-forma revenues of EUR 52.6 
million for the combined group, thus making it the strongest 
advertising film producer in terms of revenues in both Germany and 
Europe.
The Telemaz Group is to mostly continue its operations with its 
existing management team, brand and structures. In addition, the 
previous shareholders and founders also want to contribute to the 
positive growth of the expanded overall group. Corresponding 
long-term agreements have been concluded with Telemaz' executives in 
order to support the new market leader's dynamic growth strategy. In 
particular, a new position is to be created on NSF's Managing Board 
for a member of the Telemaz' management team.
Increased forecast for 2008
The Managing Board believes that the combined group will record total
revenues of between EUR 55 million and EUR 58 million and EBIT of 
between EUR 1.6 million and EUR 2.05 million taking the individual 
forecasts into account. After the integration has been successfully 
completed, annual synergies of between EUR 0.6 million and EUR 0.8 
million will result from the optimized use of resources, however 
these synergies will not bear their full fruit in 2008.
end of announcement                               euro adhoc

Further inquiry note:

Thomas Schwinger-Caspari
Member of the Managing Board
Neue Sentimental Film AG
Thomas.Schwinger@nsf.de
Phone: 0049 (0) 69 94 33 14 0
Fax: 0049 (0) 69 497 03 03

Branche: Cinema
ISIN: DE0005341408
WKN: 534 140
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade

Plus de actualités: Neue Sentimental Film AG
Plus de actualités: Neue Sentimental Film AG