TV-Loonland AG
TV-Loonland posts significant revenue increase and positive result in Q1 2008
TV-Loonland AG / Quarter Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- + Significant revenue increase to KEUR 1.422 (Q1/2007: KEUR 780) + Tangible operating profit of KEUR 4.764 (Q1/2007: KEUR – 1.071) achieved / Results reflect the effects of the ´Debt to equity swap´ + Cash flow from operating activities remains positive with KEUR 216 + Further announcements concerning corporate transactions are due to be made imminently with the intention that the group is debt free during Q2 Munich/London, 06 May 2008 – TV-Loonland continues its stabilising trend with positive first quarter 2008 figures that clearly demonstrate the group´s ability to operate its business model with a significantly reduced cost base. Besides increased revenues, there is a tangible operating profit alongside a repeatedly positive cash flow from operating activities. Compared to the prior year (Q1/2007: KEUR 780) revenues for the first quarter 2008 increased considerably by KEUR 642 to KEUR 1.422. The result for the quarter was significantly positive with KEUR 4.764 compared to a loss of KEUR 1.071 for the same period in the prior year. The results show the effects of formal accounting treatment for the ´Debt to equity swap´ concluded in January 2008 which was accounted for as a restructuring gain in the amount of KEUR 5.074. Furthermore the TV-Loonland business continues to generate a positive cash flow out of its operating activities in the amount of KEUR 216 (Q1/2007: KEUR 350). The management of TV-Loonland expects to conclude two important corporate transactions during the course of the coming weeks. The group will be in a position to use the proceeds from those transactions to repay the remaining bank debt of EUR 5 million. Further announcements regarding the conclusion of these deals should be made shortly. With the current slate of properties attracting significant positive interest and new projects in development or greenlighted for production, the management of TV-Loonland is confident to further stabilize the business throughout the remaining year. The first quarter 2008 report is available for download on the company's Investor Relations Homepage ( http://ir.tv-loonland.de/ ) PR007-080506 About TV-Loonland TV-Loonland is a brand management company focusing on high-quality programming primarily in the children's and youth market. With office situated in key locations throughout Europe and beyond, TV-Loonland is ideally positioned to market its extensive library and its third party slate across all possible media channels including TV, Home Entertainment, Licensing & Merchandising as well as digital media, thereby establishing new brands. TV-Loonland enjoys worldwide distribution and licensing success with brands such as LITTLE PRINCESS, THE OWL and PETTSON AND FINDUS. Upcoming hit shows bearing great potential like PAT&STAN and RAYMOND can also be found within the Loonland slate. Contact: Press/Investor Relations Mark Kilisek/Wendelin Probst Tel.: +49 (0) 89 20 50 8 – 0 Fax: +49 (0) 89 20 50 8 – 199 E-Mail: mkilisek@loonland.com / wprobst@loonland.com TV-Loonland AG Muenchner Straße 16 85774 Unterfoehring/Munich Germany 06.05.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: TV-Loonland AG Münchner Straße 16 85774 Unterföhring Deutschland Phone: +49 (0)89 205 08 - 0 Fax: +49 (0)89 205 08-199 E-mail: info@loonland.com Internet: www.loonland.com ISIN: DE0005348403 WKN: 534840 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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