Media! AG
Media! AG english
MEDIA! AG: Turnover above 10 million EUR despite negative economic influences
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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MEDIA! AG: Turnover above 10 million EUR despite negative economic influences –
adjusted EBITDA of 0.9 million EUR
Despite of the worse economic situation and budget reductions within the
marketing departments of large corporate groups, MEDIA! (MJA; WKN 663330) has
still managed to assert themselves in the first quarter of the financial year
(1.7. to 30.9.2001) with turnover of 10.4 million EUR against turnover of 11
million EUR in the previous year and to achieve a positive cash flow from
operating activities of 3.3 million EUR. In addition to tax of 3.4 million EUR,
further special measures implemented to adjust the balance sheet as well as
necessary restructuring costs totalling -2.6 million EUR are also reflected in
the quarterly results.
The immediate measures program introduced will however lead to cost savings of 3
million EUR in the current financial year and will show 60 % fulfilment by the
31.12.2001. In conjunction with the new price and discount system, the
management board reckon with an improved gross margin in the operative business
in the second semi-annual results (1st January to 30.6.2002). Positive operative
group results are therefore once again expected in the second half of the
business year.
After today’s knowledgelevel the turnover for the business year 01/02 is
stabilising under the level of the previous year. In addition, after todays
planning status a negative annual result in the group is assumed.
A long-term restructuring concept has been developed in close cooperation with
the renowned business consulting firm Dr. Wieselhuber und Partner. The concept
confirms the profitability of the operative business and will lead to optimised
corporate and cost structure. The concept will be introduced to the public in
the near future.
end of ad-hoc-announcement (c)DGAP 30.11.2001
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WKN: 663330; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
302031 Nov 01
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