IN-motion AG
IN-motion AG english
IN-motion AG announces six months’ results
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 six months’ results – Changes under US-GAAP lead to a
negative result – Production activities increased significantly in the two core
business segments
Frankfurt am Main, May 31, 2002 – The six months’ financial report 2001/2002 of
the international media group IN-motion AG, Frankfurt, is characterized by the
changes under US-GAAP applied in the previous financial year. As of March 31,
2002, IN-motion group had sales of EUR 46.91 million. Compared to consolidated
sales of EUR 42.59 million in the same period of the last financial year, sales
increased by some 10%. The EBITDA in the first half of the current financial
year was EUR 5.73 million, whereas in the same period of the previous year it
was EUR 24.08 million. EBIT decreased from EUR 1.17 million in the previous
year to EUR -6.98 million in the reporting period. For the first half of the
financial year 2001/2002 IN-motion AG shows a consolidated net loss of EUR 7.71
million, in the respective period of the last financial year the net loss was
EUR 1.26 million.
IN-motion AG as expected will show a negative result in the current financial
year as the revenues from production services for media funds cannot be shown
according to the changes under US-GAAP. The pipeline of the media group
contains numerous feature films which will positively effect the results in the
following two financial years.
end of ad-hoc-announcement (c)DGAP 31.05.2002
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WKN: 622380; ISIN: DE0006223803; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
310347 Mai 02
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