phenomedia AG
Phenomedia AG english
Phenomedia with record turnover of 25.8 million Euro and EBIT of 1.6 million
Eur
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Phenomedia with record turnover of 25.8 million Euro and EBIT of 1.6 million
Euro
Phenomedia AG, leading developer of interactive entertainment software,
continued its growth in 2001 and exceeded its own expectations of about 18
million Euro with a turnover of 25.8 million Euro (an increase by 58 % compared
to the previous year). In contrast to this the EBIT remained with 1.6 million
Euro behind forecasts. These figures underline the growth of the company that
reached about 4.9 million Euro in turnover at IPO in 1999. The results are
stamped by stricter balancing and auditing practices. With this setting the
situation was used for a consequent tax optimisation. Due to this clarified
basis and massive investments made in future products for growth markets, the
company is in a very good position to reach much better results in terms of EBIT
for the current and following business years.
The lower earnings result from a higher risk awareness which shows in the
capitalization of own work and depreciation on accounts receivables of about 5
million Euro. At the same time, the company invested in the creation of new
technologies in the field of mobile entertainment, among others by the take-over
and integration of Feedback AG. With regard of the concentrated character
exploitation Cult Factor GmbH has been founded, resulting in further set-up
investments. For both companies, positive results are expected in 2002. For 2002
Phenomedia AG targets an EBIT of 7 million Euro.
end of ad-hoc-announcement (c)DGAP 27.03.2002
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WKN: 541490; ISIN: DE0005414908; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
270836 Mär 02
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