Sunburst Merchandising AG i.L.
Ad hoc-Service: Sunburst Merchandising zahlen
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Ad hoc-News
Sunburst Merchandising AG
Annual accounts for 2000 weaker
significantly than expected
Sunburst presents a plan of sweeping
measures
According to the most recent figures the
total turnover of Sunburst Merchandising
AG, Osnabrück in the year 2000 amounted
to 67 Mio. EURO while in 1999 it came to
13,6 Mio. EURO. This is an increase of
close to 400%.
In 2000, the EBITDA was – 6,1 Mio. EURO
after 1,0 Mio. EURO in 1999. The EBIT
in 2000 came to – 9,8 Mio. EURO while in
1999 it was 0,4 Mio. EURO. The pretax
turnover for 2000 will amount to – 12,2
Mio. EURO while it was 0,3 Mio. EURO in
1999.
These are the chief reasons for the
significant deviation of the predicted
from the actual figures for 2000:
The operative business in the last year
turned out worse than expected. One of
the reasons for this is the fact that the
cinema shops turned out to work at a
dramatic loss.
After an in-depth examination of the
values, both the range of goods and the
claims were reduced. Moreover, the e-
business company gotmerch.com of which
Sunburst holds shares was devalued.
Last year’s expansion of the controlling
did not keep pace with the huge growth
due to acquisitions. Therefore, the
excessive expenditure only surfaced when
the annual accounts for 2000 were
calculated.
Yesterday the supervisory board of
Sunburst Merchandising AG decided that
with effect from now Ralf Schwung will
take the position of the CFO. He will
replace the former CFO Oliver Butke two
months prior to scheduled time.
Benjamin Gawlik, the CEO since the
beginning of February, and the new CFO
Ralf Schwung started the following
measures:
In the future, Sunburst AG will act
exclusively as a holding and
will assuming the approval by the general
meeting–relocate its headquarter to
Munich. The operative business will be
taken over by the subsidiary Sunburst
Event.
The main office in Osnabrück will be
closed by the summer. Some of the
employees in Osnabrück will be taken over
by the Munich office. Arrangements have
been made with the other employees.
The new CFO Ralf Schwung is in the
process of remodeling the controlling as
well as the yield management. He intends
to optimize the storage and to enhance
the financial plan for the holding and
its subsidiaries.
On the occasion of the publication of the
annual accounts for 2000 the CEO Benjamin
Gawlik and the new CFO Ralf Schwung will
conduct an analyst-press-conference-call
starting at 10 am. The phone number can
be obtained under +49-89-51 61 790.
Ende der Mitteilung
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