Helkon Media AG
Helkon Media AG english

Helkon Media AG: Increase of Turnover and Cash Flow in the First Nine Months Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Helkon Media AG: Increase of Turnover and Cash Flow in the First Nine Months Reorganisation Successful according to Plan Munich, June, 28 2002 : Helkon Media AG has been able to increase its turnover by 48% to EUR 145 million (previous year: EUR 98 million) within the first nine months of fiscal year 2001/2002. Earnings before interest, taxes, depreciation and amortization (EBITDA) was increased from EUR 68.8 million in the same period of the previous year to EUR 78.8 million, corresponding to an increase of 14.5 percent. Earnings before interests and taxes (EBIT) amounted to EUR – 18.9 million in the period from August 1, 2001 to April 30, 2002. Earnings from usual business activities amounted to EUR – 20.7 million, earnings per share in accordance with DVFA/SG was EUR – 1.94. Cashflow in accordance with DVFA/SG increased by 20.5% to EUR 78.1 million as compared to the same period of the previous year. Cash funds increased by 84.5% to EUR 15.7 million as compared to July 31, 2001. This nine-month performance results from two factors. First, we have made special depreciations on our film library amounting to EUR 10 million due to the insecure forecasts for the German Pay-TV market and the price decay for Pay-TV rights resulting from this. Therefore, all accounted Pay-TV rights were depreciated to 5% as compared to previously 15-25% of the license value. Another factor affecting operating results was the cinema exploitation of Rollerball which was left far behind our expectations and the non-recurring expenses amounting to TEUR 2.080 incurred by our reorganisation measures. Helkon Media AG’s reorganisation measures initiated in fall 2001 are now shortly before completion and has lead to considerable cost reductions, successfully streamlining our internal organisation and a leaner M&A-structure. For further questions, please contact: Helkon Media AG Anke Lüdemann Investor Relations & Corporate Communication Phone: 0049/89/99805-842 Fax: 0049/89/99805-111 Anke.luedemann@helkon.de end of ad-hoc-announcement (c)DGAP 28.06.2002 ——————————————————————————– WKN: 608050; ISIN: DE0006080500; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 280830 Jun 02