TV-Loonland AG
TV-Loonland AG reports Nine-Month-Results for 2008: Stabilization of the business and strengthening of its equity capital
TV-Loonland AG / Quarter Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Revenues for the first nine months 2008 adjusted for non-recurring items amounted to KEUR 3,206 (prior year: KEUR 3,209). Including non-recurring items revenues were KEUR 7,724 EBITDA profit increased by KEUR 9,417 to KEUR 8,457 due to non-recurring items Equity capital positive again with KEUR 3,766 Munich/London, 18 November 2008 - TV-Loonland AG reports the stabilization of the business and a strengthening of its equity capital for the first nine months 2008. Increased revenues from continuing operations of KEUR 7,724 include KEUR 4,518 from the sale of the Hasbro Classics library, which was transacted in order to repay the company´s bank debt. Adjusted revenues of KEUR 3,206 remain at the same level as for the same period in the prior year (KEUR 3,209). Earnings before interest, taxes, depreciation and amortisation (EBITDA) within the first nine months increased by 9,417 to KEUR 8,457. This was both due to the restructuring gain and as a result of cost reduction measures in both personnel and other operating expenses. The result for the first nine months amounts to KEUR 5.644 (prior year: KEUR - 504). The equity capital at 30 September 2008 was positive again, amounting to KEUR 3,766 due to the transformation of the bank debt in equity and accrued interest. Liquid funds amounted to KEUR 1,094 as of 30 September 2008. After implementing the restructuring measures, the position of the business has stabilized as liabilities from loans and convertible bonds have decreased from KEUR 21,010 to KEUR 2,151 in 2008. As a result of the anticipated extension of the convertible bond 2007/2008, the liquidity situation will continue to improve. Alongside this the effects of the cost cutting measures which have been undertaken last year and in 2008 can be already seen and contribute to the overall improvement of the business situation. The Global Financial Crisis and the economic uncertainty have became noticeable for the company insofar as promising preliminary discussions with interested parties were not concluded successfully as of yet. Nonetheless, further negotiations are taking place, aiming at further improvements of the business and the securing of its long term future. Simon Flamank, CEO of TV-Loonland AG said: 'The company has now created a number of new properties which are attracting significant positive interest. With this in mind the company can continue its slow recovery and over the course of the next two years we envisage a further stabilization of the business coupled with improving revenues from licensing new properties. To accelerate that progress, TV-Loonland will make further significant efforts to achieve new funds provided by shareholders or new partners.' The Nine-Month-Report 2008 is available for download on the company's Investor Relations Homepage (http://ir.tv-loonland.de/). PR-ID 20-081118 About TV-Loonland TV-Loonland is a brand management company primarily in the children's and youth market focusing on high-quality content which it develops and produces in house as well as coproduces with third party producers and partners. With offices in key locations throughout Europe (Paris, Munich and London) TV-Loonland is ideally positioned to identify, produce and market top quality brands across all media including TV, Home Entertainment, Licensing & Merchandising as well as digital media. TV-Loonland's most recent successes include brands such as LITTLE PRINCESS, THE OWL and PAT&STAN. Press/PR Mark Kilisek Tel.: +49 (0) 89 20 50 8 - 0 Fax: +49 (0) 89 20 50 8 - 199 E-Mail: mkilisek@loonland.com TV-Loonland AG Münchner Straße 16 85774 Unterföhring/München Deutschland 18.11.2008 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, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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