Alle Storys
Folgen
Keine Story von Advanced Medien AG mehr verpassen.

Advanced Medien AG

euro adhoc: Advanced Medien AG
Quarterly or Semiannual Financial Statements
Advanced Medien AG reports results for the third quarter of 2002 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
In the first nine months of fiscal year 2002, Advanced Medien AG
(Securities Identification Number 509300) recorded revenues of EUR
16.2 million. This compares to revenues of EUR 12.5 million for the
same period last year. These revenues are essentially due to the
consolidated revenues of the subsidiary U.F.O. Unified Film
Organization L.L.C., which accounts for approximately 92% of all
revenues (previous year: 61 %). The remaining 8% (previous year: 39%)
primarily result from the worldwide marketing of the company's rights
to "Heartbreaker", a film production that was successfully marketed
in Germany in the previous year.
This results in an EBITDA of EUR 13.0 million for the first nine
months of 2002 as compared to an EBITDA of EUR 1.2 million for the
same period last year. Due to higher film amortization at U.F.O., the
amortization of film assets increased from EUR 10.2 million in the
first nine months of 2001 to EUR 14.9 million. As a result, earnings
before interest and taxes (EBIT) according to IAS for the first nine
months were negative at minus EUR 2.5 million (previous year: minus
EUR 9.5 million). The net loss for the period from January 1 to
September 30, 2002, was reduced to EUR 4.0 million, up from a loss of
EUR 10.3 million. As of September 30, 2002, the undiluted loss per
share thus was EUR 0.22 as compared to a loss per share of EUR 0.60
for the same period last year.
Earnings before interest, taxes, depreciation and amortization
(EBITDA) according to IAS in the third quarter alone were EUR 4.7
million (previous year: EUR 1.5 million). After deducting
amortizations of EUR 4.6 million, this translates to an EBIT of EUR
0.1 million for the third quarter, following an EBIT of minus EUR 1.6
million in the previous year. The net loss for the third quarter of
2002 amounted to EUR 0.7 million, compared to a net loss of EUR 1.8
million for the same period last year. 
The liabilities to banks owed by the group were reduced to EUR 20.4
million in 2001 (same period last year: EUR 29.6 million). Trade
accounts payable were reduced from EUR 5.9 million in 2001 to EUR 3.9
million in 2002.
The company expects group revenues of approximately EUR 20 million
for the entire fiscal year (previous year: EUR 19.5 million). The
result before extraordinary valuation measures is expected to come in
at approximately minus EUR 5 million (previous year: minus EUR 17.5
million). 
The detailed nine-month report will be available for download at
www.advanced-medien.de at the end of November.
end of announcement        euro adhoc 11.11.2002

Further inquiry note:

Susanne Rehm, Advanced Medien AG Tel. 089 6138050 email: info@advanced-medien.de

Branche: Media
ISIN: DE0005093009
WKN: 509300
Index: Nemax All Share
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Frankfurter Wertpapierbörse / Neuer Markt

Weitere Storys: Advanced Medien AG
Weitere Storys: Advanced Medien AG