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JoWooD Entertainment AG

EANS-Adhoc: JoWooD Entertainment AG reports stable development and higher earnings in a difficult environment

  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.
annual report
30.04.2010
Notwithstanding difficult economic conditions, JoWooD was able to 
generate stable turnover and increase net income by some 21 percent 
in the fiscal year 2009.
Turnover amounted to EUR 25.278 million after EUR 25.035 million in 
2008 and net income came to EUR 1.206 million after EUR 1.0 million 
in the previous year. EBIT increased by 8% year on year to EUR 2.134 
million.
In line with the Company´s conservative valuation policy, special 
items adding up to a difference of EUR 259,000 compared with the 
preliminary result presented on 26 March 2009 were taken into account
in the final Group result for 2009. For prudential reasons and paying
due regard to the persistently challenging market situation, the 
Company, by comparison to the preliminary figures, set up additional 
provisions and reserves in anticipation of potential price movements 
and rebates.
For the year 2010, management expects a marked increase in turnover 
and in the results. These increases will be primarily due to new 
releases. The management expressly points out that volatility can be 
expected with regard to the individual quarterly results. Investments
will mainly be made in the first half of the year, while most of the 
turnover will be generated in the second half (ArcaniA).
Due to technical delays in the consolidation of the Group's 
(partially foreign) subsidiaries, the financial report for the year 
will be published on 7 May 2010.
end of announcement                               euro adhoc

Further inquiry note:

JoWooD Entertainment AG
Dr. Albert Seidl, Vorstand
Mag. Philipp Brock, Investor Relations
Tel.: +43 (0)1 37909-1014
mailto:investor@jowood.com
http://corporate.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 935221
Index: WBI, ATX Prime, ViDX
Börsen: Berlin / free trade
Frankfurt / free trade
Stuttgart / free trade
München / free trade
Wien / official market

Plus de actualités: JoWooD Entertainment AG
Plus de actualités: JoWooD Entertainment AG
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