VCL Film + Medien AG
VCL Film + Medien AG improved earnings in the first half year 2008
VCL Film + Medien AG / Half Year Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Munich, July 31, 2008 – In the first half year of 2008 revenues of the VCL Film + Medien AG (ISIN DE 0003304374) amounted to TEUR 5,315 (previous year TEUR 5,647). Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to TEUR 2,253 (previous year TEUR 572) and earnings before interest and taxes (EBIT) improved to TEUR 670 (previous year TEUR 298). Earnings before tax achieved TEUR -406 (previous year TEUR -1,209) in the first half year 2008. A good performance was delivered by the new segment media funds administration which VCL Group entered in 2007 with the acquisition of Equity Pictures Mediafondsverwaltung. The administration fees are agreed and fixed for several years. Besides this good development, the financial situation of the group is still tense. In the first half year of 2008 revenues of the segment home entertainment amounted to TEUR 2,775 and were mainly driven by DVD sales. In the area of Children DVD´s the film Bee Happy entered the market successfully. Moreover, VCL published the first DVDs in Blu-ray format, including the films Hostage, Jeepers Creepers, John Carpenter’s Vampire and Copland. The newly started media funds administration business accounted for revenues of TEUR 2,540 in the first half year 2008. VCL Group provides its complete knowledge and experience to further exploit the 29 films produced by Equity Pictures Medienfonds GmbH - including such internationally successful movies like Hostage – Entführt, 16 Blocks, both with Bruce Willis or Black Dahlia with Scarlett Johansson and Hilary Swank and One missed Call with Shannyn Sossamon and Ed Burns. Since January 2008 the media funds administration also offers services for the investors of the Cinerenta-Fonds and actually 38 films are exploited. Revenues of EUR 5.3 million are expected in the segment media funds administration in the ongoing business year. Since August 2008 VCL works together with Koch Media GmbH in the segment of the home entertainment products. The co-operation is mainly driven by the utilisation of DVD rights in wholesale and retail deals. This affects the distribution of the actual catalogue as well as newly to publish titles within the next three years. Overall, VCL is on a good path, although final expectations for the business year 2008 are still difficult. It is expected that the successful entering into the media funds administration will positively contribute to the results in the further business development. The Management Board VCL Film + Medien AG 31.07.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: VCL Film + Medien AG Wolfratshauser Str. 84 81379 München Deutschland Phone: +49 (0)89 354 97-0 Fax: +49 (0)89 354 97-357 E-mail: IR@vcl.de Internet: www.vcl.de ISIN: DE0003304374 WKN: 330437 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, München, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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