Viva Media AG
VIVA Media AG english
VIVA Group once more clearly in the profit zone in Q.1 2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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– EBITDA of more than EUR 31.7m includes earning contribution from AOL Time
Warner – BRAINPOOL TV AG included in income statement for the first time –
Situation on the TV advertising market remains tense as expected
Cologne, May 23, 2002 The VIVA Group has successfully ended the first quarter
of 2002 with a record profit. In addition to positive operating results, the
earning contribution of some EUR 29.7m from the sale of the 49% holdings in VIVA
Plus Fernsehen GmbH to AOL TW also had its effect. For the first time,
BRAINPOOL in which a majority shareholding was acquired at the end of 2001 was
included in the income statement of the VIVA Group and made a positive
contribution to earnings. (The comparative figures for the same quarter last
year are provided by the pro forma addition of the figures for the VIVA and the
BRAINPOOL Group in the consolidation prevailing at that time. The goodwill
amortization for the acquisition of BRAINPOOL in 2001 has been given due pro
forma consideration.) In Q.1 2002 sales revenues in the VIVA Group amounted to
EUR 25.49m (pro forma 2001: EUR 26.66m). The lower figure for sales last year is
explained by the absence of the former sectors VIVA ZWEI and VIVAdigital at
VIVA and of the printing business at BRAINPOOL. In addition, as expected, the
VIVA Music TV Segment was confronted with a decline in net advertising revenues
by some EUR 1m to EUR 11m as a result of the tense situation on the advertising
market although VIVA did manage to perform better than the market average.
Earnings before interest, taxation and amortization (EBITDA) amounted to EUR
31.7m (pro forma 2001: EUR -6.1m). After deduction of amortization and
depreciation EBIT for Q.1 2002 are shown at a record level of EUR 30.01m (pro
forma 2001: EUR -8.09m). The net income for the year of EUR 18.09m (pro forma
2001: EUR -4.5m) corresponds to earnings per share of EUR 0.74 (basis:
24,413,107 shares). The number of employees (equivalent to full-time as at
31.03.2002) was 702, of whom 283 are employed at BRAINPOOL. Total assets rose to
EUR 177.58m (Dec. 31, 2001: EUR 166.55m) with a high capital to assets ratio of
over 80%. Financially, the Group is well provided with cash amounting to some
EUR 71.2m (as at March 31, 2002, before the acquisition of the Dutch TV channel
“The Box”) for further expansion measures. Contact: VIVA Media AG.
http://www.vivamediaag.com
end of ad-hoc-announcement (c)DGAP 23.05.2002
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WKN: 617106; ISIN: DE0006171069; Index:
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
230827 Mai 02
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