PrimaCom AG i.I.
Ad hoc-Service: PrimaCom AG english Part 2
Ad hoc-announcement edited and sent by DGAP.
The sender is responsible for the contents of this announcement.
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1998 1999 change
proforma DM 000 1998/1999
DM 000 %
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REVENUES 184.043 207.218 12,6%
Operations 40.616 48.002 18,2%
Selling, general and 25.892 36.359 40,4%
administration
Corporate overhead 16.114 18.884 17,2%
Non-cash compensation stock 0 5.393
options
Depreciation and amortisation 122.614 119.848 -2,3%
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Total costs and expenses 205.236 228.486 11,3%
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OPERATING INCOME -21.193 -21.268 0,4%
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Interest expense -55.901 -31.046 -44,5%
Other expense -1.298 -1.500 15,6%
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Income from continuing -78.392 -53.814 -31,4%
operations before minority
interest and taxes
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Minority interest -584 -137 -76,5%
Income tax expenses -3.835 -3.260 -15,0%
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INCOME FROM CONTINUING -82.811 -57.211 -30,9%
OPERATIONS
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Discontinued operations -3.469 0 -100,0%
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NET INCOME -86.280 -57.211 -33,7%
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EBITDA 100.123 97.081 -3,0%
EBITDA-Margin 54,4% 46,8%
Adjusted EBITDA 101.421 103.974 2,5%
Adjusted EBITDA Margin 55.1% 50,2%
AVERAGE VIDEO SUBSCRIBERS 793.715 907.574 14,3%
Average revenue per subscriber 19,32 19,03 -1,5%
(DM)
PrimaCom AG, Hegelstr. 61, 55122 Mainz
Tel ++49-6131-93100
PrimaCom AG and Subsidiaries
Consolidated Balance Sheets (Thousands)
1998 (DM) 1999 (DM)
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Cash 15.347 16.365
Trade accounts receivables – net 5.444 7.265
Deferred tax asset – net 87.678 92.522
Property and equipment – net 544.393 541.351
Goodwill – net 473.600 467.150
Foreign currency forward contracts 20.807 –
Other assets 44.280 22.708
Net assets of discontinued operations – –
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Total Assets 1.191.549 1.147.361
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Accounts payable 8.990 11.353
Accrued expenses 51.732 28.946
Deferred revenue 9.603 24.630
Deferred purchase obligations 6.627 4.507
Sale-leaseback obligations 86.382 27.620
Related party liabilities 516 480
Bank and other debt 281.395 406.990
Senior Notes 275.981 –
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Total Liabilities 721.226 504.526
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Minority Interest 862 165
Shareholders’ Equity (Deficiency)
Registered capital 78.914 98.643
Additional paid-in capital 473.982 684.672
Accumulated deficit -83.435 -140.645
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Total Shareholders’ Equity 469.461 642.670
(Deficiency)
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Total Liabilities and Shareholders’ 1.191.549 1.147.361
Equity (Deficiency)
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End of Message
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