eJay AG
eJay AG english
Abbreviated business year of eJay AG greatly burdened by unique special factors
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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– Abbreviated business year (01.01- 30.06.01) of eJay AG
greatly burdened by unique special factors
– Repercussions of the restructuring programme in the first quarter:
turnover 3.0 million EUR, EBIT -0.2 million EUR
Stuttgart, November 22, 2001. For the abbreviated business year of 2001 (01.01.-
30.06.01) the Stuttgart-based company eJay AG posts a currently still unaudited
consolidated turnover, adjusted by the online turnover, of 2.2 million EUR. The
EBIT is, as already reported in July, greatly burdened by unique special factors
and amounts to 11.0 million EUR (first six months of 2000: -1.6 million EUR).
The special factors can be traced back mainly to the following causes: the
deficit-ridden part of the online segment funded by advertising (3.9 mil-lion
EUR), distribution problems in Germany combined with a distributional change
(1.0 million EUR) as well special depreciation allowances of the Swedish
subsidiary eJay AB (2.5 million EUR).
As a resultant measure the deficit-ridden segments have mainly been eliminated
and the company has been radically streamlined. The focusing on the core
business of music software led to first results. Thus, it was possible to
conclude extensive marketing contracts with Acclaim Entertainment GmbH for the
German market and Vivendi Universal for North America. The transfer of PC music
software to additional platforms such as, for example, play consoles
(PlayStation 2) also promises additional potential. In relation to this,
concrete negotiations are currently being conducted regarding marketing rights.
At 3.0 million EUR the turnover in the first quarter is above that of the same
quarter of the previous year (2.4 million EUR), the EBIT improved to -0.2 mil-
lion EUR (same period in the previous year: -1.2 million EUR). The restruc-
turing measures implemented showed the first results. Among other things, the
personnel costs were reduced by 0.12 million EUR in the first quarter. Never-
theless, the corporate situation is currently difficult as a consequence of the
tight liquidity.
For the total business year 2001/2002 eJay expects a balanced result (-2.1 mil-
lion EUR in 2000) and a consolidated turnover of 12 to 15 million EUR (11 mil-
lion EUR in 2000).
end of ad-hoc-announcement (c)DGAP 22.11.2001
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WKN: 549 570; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
220630 Nov 01
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