MOOD AND MOTION AG
Neue Sentimental Film english
Strong third quarter for Neue Sentimental Film AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Strong third quarter for Neue Sentimental Film AG
Frankfurt am Main, November 26, 2002 – Neue Sentimental Film AG published its
figures for the third quarter of 2002 today / Quarterly sales of EUR 11.8 mln.
up 70% on Q3 2001 / US branch profitable for first time
During the third quarter of the current fiscal year, Neue Sentimental Film AG, a
leading producer in the international audiovisual corporate communications and
trademark communications sector, recorded a sales increase of around 70% on the
same quarter of the previous year to EUR 11.8 mln. Sales for the first nine
months of the fiscal year were also up period-on-period by around 25% to EUR
28.2 mln.
At the same time, Neue Sentimental Film AG was able to generate a positive cash
flow totaling EUR 326 thousand from its operating activities. During the third
quarter of fiscal year 2001 the cash flow from operations was negative, totaling
EUR -2.5 mln.
The break even point for the company’s operating earnings has moved into reach.
However, the company still had to close the quarter with negative earnings of
EUR 204 thousand. However, if the write-downs and restructuring costs included
in this figure are taken into account it confirms the course selected by the
company.
The group’s US advertising arm deserves a particular mention in the third
quarter. It was able to continue its upwards trend from the previous quarter and
moved into the black for the first time with its commercials for the likes of
Mercedes Benz, Mazda and Chrysler.
The company’s management is convinced that the positive trend will be continued
in the fourth quarter of the current fiscal year. However, the quarterly
financial statements are marked by write-downs for receivables from affiliated
companies which will still lead to negative earnings. This will not, however,
affect the company’s cash position.
Your contact: Klaus Niemeyer, CFO, Tel.: +49(0)69/257886-50,
E-mail: klaus.niemeyer@nsf.de
end of ad-hoc-announcement (c)DGAP 26.11.2002
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WKN: 534 140; ISIN: DE0005341408; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
260755 Nov 02
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