IN-motion AG
IN-motion AG english
IN-motion publishes audited financial statements according to US-GAAP
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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IN-motion publishes audited financial statements according to US-GAAP
Frankfurt am Main, April 9, 2002 – IN-motion AG movie & TV productions shows
consolidated revenues of EURO 85.2 million in the financial year 2000/2001
ending September 30, 2001. EBITDA amounts to EURO 34.0 million, and EBIT to
EURO -10.2 million in the reporting period. The net loss in the financial year
2000/2001 amounts to EURO 8.1 million. This results in a loss per share of
EURO 0.75.The auditors and IN-motion AG have jointly decided that revenues
from production services for media funds totaling EURO 69.1 million will be
treated as long-term financing. Profits derived by such services will be shown
in the future. According to the former financial statements, IN-motion would
have shown revenues according to the previous predictions with balanced
profits. With the figures today the media group has clearly failed its
expectations for the profit. Figures for last year, which had to be changed in
accordance to the new financial statements, amount to EURO 37.1 million
revenues, EURO 35.6 million EBITDA, EURO 16.3 million EBIT and EURO 7.0 million
profit.
According to German HGB accounting principles, IN-motion AG shows non
consolidated revenues of EURO 121.4 million and net profits of EURO 9.0
million. In contrast to US-GAAP, the German HGB accounting principles allow to
show revenues from production services for media funds. At the end of the
reporting period, September 30, 2001, the media group had access to EURO 27.0
million in cash. Whereas in the reporting period the international structures
of the media group in its film/TV production segment were built up and
developed, IN-motion AG will concentrate on strengthening its music division in
the current financial year. Due to the current difficult market situation, IN
motion AG expects to reach its goal of establishing the media group as a
production and distribution company for film/TV and music not in the short but
in the mid-term. On the occasion of publishing its audited financial
statements, IN-motion AG will hold a press and analyst meeting on April 11,
2002.
end of ad-hoc-announcement (c)DGAP 09.04.2002
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WKN: 622380; ISIN: DE0006223803; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
091116 Apr 02
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