Viva Media AG
VIVA Media AG english
Annual balance sheet for 2001 signalises return to profitability from 2002
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Annual balance sheet for 2001 signalises return to profitability from 2002
– Forecast for EBITDA and EBIT clearly outperformed due to divestiture of loss-
makers
– Rise in sales for 2001 of around 9% to EUR 60.1 million – contrary to the
market trend
– Takeover of BRAINPOOL TV AG heralds a surge in growth for 2002
Cologne, 28.3.2002 During the fiscal year 2001, VIVA Group managed to increase
its sales by around 9% to EUR 60.1m (2000: EUR 55.15m) in spite of a negative
trend in advertising income. For the fiscal year 2001 the group EBITDA was
EUR -4.87m (forecast in 10/01: EUR -9.67m; against EUR 0.33m in 2000) and the
EBIT -13.91m (forecast in 10/01: EUR -17.86m; against EUR -1.64m in 2000) which
were both significantly better than expected in October 2001. The reason behind
this broad improvement was the divestiture of VIVA Plus Fernsehen GmbH (VIVA
ZWEI Musik TV and VIVAdigital) as of 1.10.2001, which is operated as part of a
joint venture with AOL Time Warner. This already marked a return to
profitability regarding EBITDA and EBIT in the fourth quarter 2001. Income from
interest amounting to EUR 0.74m plus the effects generated by deferred taxes
meant that group losses stood at EUR -9.65m (compared to EUR -9.85m in 2000).
With the current number of shares standing at 24,413,107, this corresponds to
earnings per share of EUR -0.40 (against EUR -0.50 in 2000 for 19,805,000
shares). Results for BRAINPOOL TV AG, the majority of whose shares were acquired
at the end of 2001, will be integrated in VIVA Group’s annual balance sheet as
of December 31 2001, and as of 2002 also in VIVA Group’s income statement. The
balance sheet total rose to EUR 166.5m (compared with EUR 114.4m in 2000), with
an equity capital ratio of 74,8% (compared to 81.4% in 2000). Funds stood at
EUR 44.2m, and the number of employees (equivalent to full-time as of
31.12.2001) rose to 770 – which includes 304 BRAINPOOL staff. For the fiscal
year 2002, the VIVA group forecasts a manifest return to profitability (1.5
years earlier than planned at the time of the IPO) with sales of around
EUR 125m, and an EBITDA influenced by extraordinary events (cash inflow of
EUR 30m, move in location, digitalisation) of EUR 44m and an EBIT of EUR 37m.
In financial terms, the group is well-equipped for any further expansion due to
existing liquidity totalling around EUR 70m.
Contact: VIVA Media AG. Im Mediapark 2. D-50670 Cologne.
http://www.vivamediaag.com
Investor Relations. Michael Armbrust. Phone: +49 (0)221-5744-1700.
ir@vivamediaag.com
end of ad-hoc-announcement (c)DGAP 28.03.2002
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WKN: 617106; ISIN: DE0006171069; Index:
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
280825 Mär 02
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