IN-motion AG
IN-motion AG english
IN-motion AG announces third quarter results 2001/2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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IN-motion AG announces third quarter results 2001/2002 – Film/TV division meets
expectations – Music division strong despite current market trend.
Frankfurt am Main, September 2, 2002 – The international media group IN-motion
AG, Frankfurt, in the first nine months of the financial year 2001/2002, which
ends on September 30, had sales according to US-GAAP of EUR 61.12 million.
Compared to EUR 57.04 million in the same period of the last financial year,
sales increased by EUR 4.08 million. The EBITDA in the reporting period
decreased from EUR 23.66 million to EUR 1.63 million. EBIT decreased to EUR
-13.63 million compared to EUR -1.21 million for the period from October to
June in the previous year. The consolidated net loss as of June 30, 2002
increased to EUR -19.99 million, in the respective period of the last financial
year the net loss was EUR -3.54 million. The difference to the previous year
results from foreign currency losses of EUR 7.2 million at the end of the
period as well as from increased sales costs because of the initial
consolidation of SPV for the entire reporting period.
The Film/TV division had sales of EUR 23.57 million, in this segment the EBITDA
was EUR 3.93 million, EBIT was EUR -10.31 million and the net loss was EUR
16.65 million. The figures reflect the current development in this industry. In
the course of the redirection in the Film/TV division, IN-motion AG has reduced
its shareholding in Myriad Pictures from 100% to 30%. The Music division
generated sales of EUR 37.55 million, the EBITDA was EUR -2.31 million and the
EBIT was EUR -3.32 million. The net loss was EUR 3.34 million. The negative
EBITDA in the Music division results from setting up the labels, SPV had a
positive EBITDA of EUR 1.92 million, which shows an explicit increase in sales
against the current market trend.
end of ad-hoc-announcement (c)DGAP 02.09.2002
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WKN: 622380; ISIN: DE0006223803; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
020823 Sep 02
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