Swing! Entertainment Media AG
Swing! Entert@ainment english
Swing! AG First Quarter Results: Turnover of Euro 3.67 Mio,; EBIT of Euro 0,31
M
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Swing! AG Reports First Quarter Results: Turnover of EURO 3.67 Mio.;
EBIT increased by 111% to EURO 0,31 Mio. compared to the Q1 2000;
Earnings per Share EURO 0,054
Kaarst, November 30 – The Swing! Entertainment Media AG announces its results
according to US-GAAP for the first three months ending 30 September 2001 of the
current fiscal year. The revenues for the first three months were EURO 3.67 Mio.
compared to EURO 2.98 Mio. over the same period last year, representing an
increase of 23%. The earnings before interest and taxes (EBIT) increased by 111%
from EURO 148 TSD to EURO 313 TSD and the earnings per share increased over 43%
from EURO 0.038 to EURO 0.054.
As of 30 September 2001, the intangible assets amounted to EURO 10.45 Mio.,
consisting chiefly of acquired licences. They represent the company’s
investments into the future and form the base of the planned growth. In total
EURO 870 TSD were written off as license expenses. This represents a quota of
roughly 24% of the turnover and is comparable to the writing off in the same
period last year.
The working assets on 30 September 2001 totalled to EURO 10.78 Mio. At present
the orders received for the current fiscal year add up to approximately EURO 11
Mio.
end of ad-hoc-announcement (c)DGAP 30.11.2001
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
The result of the first quarter meets the expectations of the management. Due to
the development cycles of Swing! Entertainment Media AG the first quarter of
it’s fiscal year is the weakest. The continuous growth since the formation of
the company carries on into the present, the company has well expanded compared
to last fiscal years first quarter. Anyhow the first quarters earnings were
still affected by the strong US-Dollar.
The management plans to have an offset result after the first nine months of the
current fiscal year, mainly due to increased fixed costs and preproduction
costs as well as higher marketing expenditures which are required to succesfully
introduce the next-generation-console products into the market. In the fourth
quarter, from April until June 2002, Swing! will release the bulk of the
products scheduled for this fiscal year, therefore generating most of its
revenues and its earnings in that period.
The managing board emphasises its earnings forecast for the current fiscal year
and expects to achieve an EPS of EURO 0,32 and a turnover of approximately EURO
22.5 Mio.
In the course of the reporting period Swing! posted four new publications in
Europe, quite a few titles were released in Australia also.
– . –
Swing! Entertainment Media AG is the first German publisher listed on the Neuer
Markt. Active in the areas of development, licence trading and marketing of
wholly-owned and licensed computer games, Swing! covers the most profitable
sectors in the entertainment software sector.
Contact:
Investor Relations: Public Relations:
Felix Rischbieter Rainer Galuschka
phone: + 49 (0) 61 96 – 88 00 212 phone: +49 (0) 21 31 – 40 66 366
fax: +49 (0) 61 96 – 88 00 447 fax.: +49 (0) 21 31 – 40 66 366
e-mail: f.rischbieter@vrir.de e-mail: rgaluschka@swing-ag.de
Value Relations IR Services GmbH & Co. KG SWING! Entertainment Media AG
Am Kronberger Hang 5 Industriestrasse 8
65824 Schwalbach 41564 Kaarst
CUSIP 547 440; exchange symbol SGV; Bloomberg SGV GR; Reuters SGVG.F
Neue Markt, Frankfurt stock exchange
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WKN: 547440; Index:
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
300815 Nov 01
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