cdv Software Entertainment AG
cdv Software Entertainment AG: Posts Strong 2009 Half Year Results
cdv Software Entertainment AG / Half Year Results/Half Year Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- cdv Software Entertainment AG Posts Strong 2009 Half Year Results Frankfurt, Germany, August 20, 2009 - cdv Software Entertainment AG (Frankfurt Stock Exchange: DE000A0MF053) today announced a significant increase in revenues and profits for the first half of fiscal year 2009. During the course of 2009 cdv Software Entertainment AG has strengthened its position and market share in the interactive entertainment space. With the release of the next-generation console versions of Sacred 2: Fallen Angel, the company reached a top 3 market position in North America, which is one of the most important video game markets in the world. Revenues for the company in the first six months in 2009 were 11.3 million euros, compared to 6.8 million euros for the same period in 2008. The increase of 66 percent was primarily due to revenues generated from the sales of video game software in key territories. The group reported earnings before interest and taxes (EBIT) of 0.9 million euros (prior year: negative 1.6 million euros). Net income for the first half fiscal year ending June 30, 2009 was 0.4 million euros as compared to negative 1.9 million euros for the half year ending June 30, 2008. This growth was due to a substantial increase in sales of mainly console software followed by game software for the PC. The basic and diluted net income per share for the first six months of 2009 was 0.13 euros compared to negative 1.13 euros versus the prior year period. The equity capital amounts to negative 0.3 million euros as of 30 June 2009 compared to negative 3.7 million euros as of 31 December 2008. The first half of 2009 was a record year for cdv with major achievements despite the current global financial crisis. The actions taken in 2008 as well as the experience made and adapting business models to new requirements were the key to cdv's success for the first six months. In addition the company was able to significantly reduce the cost structure in order to be more competitive. With cdv's existing and growing back catalogue as well as with the scheduled new releases in the second half of 2009, the Board of Directors is quite optimistic about the future of cdv Software Entertainment AG and its prospects for 2009. Company Profile cdv Software Entertainment AG is a German based worldwide operating company. Its main business is the publishing of computer and video games as well as providing services to other entities in this segment. cdv AG, listed on the Frankfurt stock exchange, was founded in 1989 and launched its IPO in 2002. Its subsidiaries are in the strategic relevant markets such as Germany, USA and Great Britain. cdv AG is one of the few independ-ent global publishers in the industry. Its products focus not only on the classical retail segment, but also on mobile and online distribution. More information is available at http://www.cdv.de Contact: cdv Software Entertainment AG Investor Relations Susan Hoffmeister IR-Hotline: +49 (0)69 / 4056373 - 0 Fax: +49 (0)69 / 4056373 -193 E-Mail: investors@cdv.de 20.08.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: cdv Software Entertainment AG Hanauer Landstrasse 161-173 60314 Frankfurt am Main Deutschland Phone: +49 (0)69 / 4056373 - 0 Fax: +49 (0)69 / 4056373 -193 E-mail: investors@cdv.de Internet: www.cdv.de ISIN: DE000A0MF053 WKN: A0MF05 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------
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