phenomedia AG
Phenomedia AG english
Phenomedia preparing for future growth
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Phenomedia preparing for future growth
Risk-conscious evaluation of accounts receivables – Successful start in 2002
Interactive entertainment software producer Phenomedia AG continued their growth
after preliminary figures for 2001 and reached a new record high in turnover;
it exceeded the own forecast with more than 20 million Euro.
Current intensified balancing and controlling practices caused Phenomedia to
take precautions at own work capitalized and depreciation on accounts
receivables. With these actions not only the changed risk awareness as well as
tax optimisation aspects are taken care of. This amount was higher than 5
million Euro. Based on that, the EBIT will presumably reach between 1 and 2
million Euro.
For business year 2002 Phenomedia is very optimistic. The company had a very
good start with the new character “Sven the sheep”. At the moment, the two full-
price titles Zanzarah and Cultures II are being released, which will pay off in
terms of turnover and earnings in 2002 due to the adapted balancing. Phenomedia
targets a two digit growth rate at turnover, finishing at well above 20 million
Euro. At EBIT Phenomedia aims at about 7 million Euro due to the ongoing
concentration on own characters (Sven, Gnarf) and successful franchises (Ralf
und Michael Schumacher) during the last 12 months. Phenomedia will focus on
these aims by concentrating on creativity and strong concepts of the whole group
and especially on the field of mobile entertainment.
Phenomedia’s Mobile Scope AG have started a new era of mobile entertainment.
This year’s Cebit clearly showed that games on mobile devices are an established
part of the value-added chain of mobile phone manufacturers as well as network
providers. Initial co-operations, like with E-plus (i-Mode), underline the very
successful market position of the Phenomedia group in this trade.
end of ad-hoc-announcement (c)DGAP 22.03.2002
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WKN: 541490; ISIN: DE0005414908; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
220840 Mär 02
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