DAS WERK AG
Ad hoc-Service: DAS WERK AG Figures 1/2000
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Expectations of the first quarter have been surpassed:
A third of the planned annual result has already been achieved
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Continuous Investment in Audio Segment
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In the first quarter of 2000 DAS WERK AG has managed to record gross earnings
(EBT) of approximately 3.1 million euro. The Group has therefore already
achieved a third of its planned annual result of approx. 9.5 million euro.
A comparison to the equivalent period of the year prior (pro forma
profit and loss account of the Das Werk Group incl. the Road Movies Group)
shows an EBT increase of 971 percent.
Total revenues increased by 241 percent, totalling 21.4 million euro.
The results before tax, interest, depreciation and amortisation (EBITDA)
amounted to 12.3 million euro, in comparison to the 1999 figure of 1.3 million
euro (pro forma consolidation).
The business sectors Postproduction as well as Feature Film Production &
Licensing also achieved greatly improved overall results. In the first three
months of 2000 the sector Feature Film Production & Licensing has achieved an
EBT of 2.5 million euro, thus already surpassing the excellent EBT figure of
1999 (1.75 million euro). So far, the sector Postproduction has taken 1.4
million euro, which amounts to more than a third of the EBT of 1999 (4 million
euro).
The quarterly performance of 0.15 euro per share is already close to matching
the entire annual result of 1999 (0.18 euro per share).
With these exceptional first-quarter performances, Das Werk has laid the
foundation for further improving its results during the remainder of the fiscal
year. The fact that the sector Postproduction has for the first time acquired
orders from the USA supports this claim. The budgets for the processing of the
feature film “Enemy At The Gates” (directed by Jean Jacques Annaud), the TV
series “Star Hunter” (starring Michael Pare), and the made-for-TV film
“Going Back” total six million U.S. dollars.
Strategic Expansion in Audio Segment Continues
Das Werk has acquired a 25.1 percent interest in Munich-based Mona Davis
Music. This company, founded in 1991 by Tom Batoy and Francesco Tortora, has
branch operations in Munich and Los Angeles and specialises in the composition,
production and utilisation of musical pieces. Most of its clients stem from
the advertising industry (incl. BMW, Mercedes Benz, McDonald’s, Opel, Renault,
Rowenta, Siemens, Wrigley’s). Mona Davis Music thus complements Das Werk’s
Postproduction sector and also helps support the strategic expansion of
Das Werk’s Audio sector.
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