Swing! Entertainment Media AG
Swing! Entert@ainment english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Kaarst, September 25th, 2001 In the last fiscal year SWING! Entertainment Media
AG achieved a turnover of DM 31.46 million. The net profits rose to DM 1.82
Mio., resulting in DM 0.48 earnings per share. In spite of the continuing
weakness of the Euro and an enormous outlay in the personnel and marketing
spheres, to ensure future growth, the company improved its after tax results tax
at 39 percent of DM 1.31 million, to reach the figure of DM 1.82 million. The
EBITDA rose by 98 percent, from DM 5.6 million to DM 11.0 million. The company
is counting on a healthy average growth of 50 percent in the current trading
year and in the one following. The annual surplus, being affected by interest
charges, should grow by 40 percent over the same time span.
Here follow the company’s likely estimates of the most significant trading
figures, in DM: turnover 2001/2002, 44 million; earnings per share 2001/2002,
0.63; turnover 2002/2003, 70 million; earnings per share 2002/2003, 0.98.
end of ad-hoc-announcement (c)DGAP 25.09.2001
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
In the past trading year (2000/2001), the turnover of SWING! has continued to
grow dramatically. The turnover shows an increase of 76 percent compared with
the previous year. This increase results above all from the expansion into
Europe: 85 percent of the turnover was achieved in Europe, 25% of it in Germany,
and 15 percent in the USA.
Through investments in licensing brands known world-wide, in products, and
advance payments on the development of new products, the capital sum invested in
non-material capital assets rose by 80 percent, from DM 10.7 million at 30 June
2000 to DM 19.3 million at 30 June 2001. This rise reflects the considerable
investment that SWING! Entertainment Media AG has been making in the programme
area, which will in turn have an effect on the turnover and profits of the
company.
Depreciation of on non-material business assets amounts to DM 10.1 million as at
30 June 2001, compared with DM 3.4 million in the previous year.
The company is counting on a healthy average growth of 50 percent in the current
trading year and in the one to come. The annual surplus, being affected by
interest charges, should grow by 40 percent over the same time span. The driving
force behind the growth that is expected in future trading years is an extended
platform of next-generation consoles the next generation, as well as the
massive increase in the online community.
In consequence of the timing of the company’s various investment and development
expenses, the distribution of turnover and profits over the individual quarters
will be very uneven, and cannot easily be compared with the pattern of previous
years. In view of the rising overheads and front-end costs, for marketing and
other such expenses, the cumulative results of the first three quarters can be
expected to stay rather on the level. The fourth quarter makes the strongest
showing, in view of the number of products that will be released at this time,
and this is where the highest profits are achieved. The first quarter will
probably be the weakest, in view of the summer season, as was the case last
year.
– – –
SWING! Entertainment Media AG designs, produces and markets own and licensed
entertainment software for various platforms such as PCs, video game consoles
and network systems (e.g. Internet). Quoted at Frankfurt’s Neue Markt exchange
since February 02, 2000, SWING! Entert@inment Media AG supplies in addition to
markets in the German-speaking region also European and world-wide markets.
Contact:
Mr Felix Rischbieter
phone: + 49 (0) 61 96 – 88 00 212
fax: +49 (0) 61 96 – 88 00 447
e-mail: frischbieter@vrir.de
Value Relations IR Services GmbH & Co. KG
Am Kronberger Hang 5
65824 Schwalbach
Germany
Securities identification code 547 440; Stock market abbreviation SGV; Bloomberg
SGV GR; Reuters SGVG.F
Neuer Markt, Frankfurt securities exchange
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WKN: 547440; Index:
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
250820 Sep 01
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