MOOD AND MOTION AG
Neue Sentimental Film AG making money again !
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Neue Sentimental Film AG making money again !
Frankfurt am Main, March 30, 2004 – Neue Sentimental Film AG (NSF), a leading
international media company for the production of advertising films, corporate
and brand communication, TV formats and music videos published its figures for
fiscal year 2003 today.
Sales totaled EUR 26.3 million, allowing Neue Sentimental Film AG to meet its
forecast for fiscal year 2003 totaling EUR 26.0 million. EBIT totaled EUR -1.8
million as of December 31, 2003, EBT totaled EUR -2.1 million; these indicators
were thus up 81 % respectively on the previous year (EBIT 2002: EUR -9.9
million, EBT 2002: EUR -11.2 million). The company’s earnings are again
characterized by significant amortization and depreciation and write downs as
well as other one-off expenses. These stem from staff cuts as well as
consolidation within the network. These costs are the primary reason that it was
not possible to record a balanced result in the fourth quarter of 2003. In
total, at the end of fiscal year 2003 the number of employees fell by 25 to a
total of 60. This has resulted in one-off expenses totaling EUR 2.2 million in
2003. Of this amount, EUR 1.4 million impacts EBIT. After adjustment for one-off
expenses, this results in EBIT totaling EUR -0.4 million and EBT of EUR -0.7
million.
The fact that Neue Sentimental Film AG has again recorded a significantly
positive cash flow since the fourth quarter of 2003 is worthy of particular
mention. The company was able to generate a net cash inflow totaling EUR 864
thousand during the fourth quarter of 2003 for the first time since its IPO. If
the net cash provided by the capital increase at the end of 2003 is excluded,
the cash flow would have been positive and totaled EUR 114 thousand. Over the
year as a whole, cash flow growth has been positive. Whereas funds totaling EUR
19.2 million and EUR 5.4 million were used in 2001 and 2002 respectively, in
2003 this figure totaled just EUR 0.3 thousand (EUR 1.0 million without taking
the capital increase into account).
As economic developments currently do not give any realistic reasons to
anticipate increasing growth rates, the company is forecasting sales for 2004 at
the same level as the previous year – however with slightly positive earnings
from operations for the year as a whole.
Neue Sentimental Film AG’s clients in 2003 included for example Opel, Allianz,
Diebels, Burger King, DaimlerChrysler, Deutsche Bank, Deutsche Telekom, Dr.
Oetker, DWS, Haribo, Reemtsma, MediaMarkt, Mercedes-Benz, MTV, Postbank,
Unilever, Wella and ZDF.
The 2003 annual report can be downloaded in the afternoon on the Internet at
http://www.neuesentimentalfilm.com
Contact:
Neue Sentimental Film AG
Klaus Niemeyer
CFO
Tel: +49(0)69/943314-0
Fax: +49(0)69/4970303
e-mail: klaus.niemeyer@nsf.de
end of ad-hoc-announcement (c)DGAP 30.03.2004
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WKN: 534 140; ISIN: DE0005341408; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart
300819 Mär 04
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