JoWooD Productions Software AG
euro adhoc: JoWooD Productions Software AG
quarterly or semiannual financial
statement
Company Results first half-year 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
31.08.2006
Turnover significantly exceeds expectations Positive company result, again Positive outlook for the second half-year
JoWooD Productions Software AG, listed on the Vienna stock exchange market, surpassed the quarterly turnover as announced in this years sharholders meeting of July 6, 2006 by more than 10%. The Companys result exceeds expectations and is repeatedly positive.
The turnover of the first half-year has been effectively increased by 67% (TEUR 7,606) compared to last years reference period. The operating result of TEUR 1,055 is clearly positive, with an accumulated group result amounting to TEUR 885.
"We are already looking forward to the companys results of the third and fourth quarter of 2006. The strongest titles of this year will be released within the next few weeks. The pre-order of Gothic 3 has begun, and we expect a very promising launch of this product. We are already working on add-on packages of JoWooDs SpellForce- and Gothic 3 series, which will partially be launched in 2007 already" says Albert Seidl, CEO of JoWooD Productions Software AG.
Quantic Lab, a 100% subsidiary of JoWooD with registered office in Romania, started its operating business activities in April and is already integrated into the quality assurance process of JoWooD. Besides that, Quantic Labs endeavours to offer its services to third parties on the market and their efforts already scored some promising hits. First signed contracts are expected this year.
According to Albert Seidl, "We think that we set a milestone in the history of JoWooD with such managerial performances and business developments of our company. This progression demonstrates the effects of our ongoing restructuring processes and we intent to keep track." An increased shareholders equity of TEUR 8,588 and an equity ratio of 47% confirms this statement and illustrates a sustainable and solid balance.
Key Figures
in EUR 000 Jan - Jun 2006 Jan - Jun 2005 Sales 7,606 4,555 Costs of goods sold -702 -1,370 Development costs -572 -1,409 Gross profit before depriciation of games 6,332 2,135 Depriciation of games -3,516 -1,913 Gross profit after depriciation of games 2,816 222
Operating result (EBIT) before restructuring
activities 1,055 -2,515 Restructuring Result -18 -10,989 Operating result (EBIT) after restructuring activities 1,037 -13,504 Result from ordinary operations 893 -13,726 Result prior to minorities and changes in reserves 885 -13,730 Group result 885 -13,730 in EUR 000 06.30.2006 06.30.2005 Total Non- current assets 3,042 641 Cash on hand and in banks 7,735 456 Other current assets 7,347 15,528 Total assets 18,124 16,625 Total Shareholders' equity 8,588 -3,238 Minority interests 0 0 Longterm accounts payable 3,864 3,909 Thereof longterm debts to bank subordinated 3,733 0 Shortterm accounts payables 5,672 15,954 Thereof shortterm debts to bank 8 5,776 Thereof advanced payments 501 1,069 in EUR 000 Apr - Jun 2006 Apr - Jun 2005 Sales 2,477 2,176 Costs of goods sold -454 -688 Development costs -322 -268 Gross profit before depriciation of games 1,701 1,221 Depriciation of games -1,115 -914 Gross profit after depriciation of games 586 307
Operating result (EBIT) before restructuring
activities 226 -929 Restructuring Result 22 -10,989 Operating result (EBIT) after restructuring activities 248 -11,918 Result from ordinary operations 164 -11,944 Result prior to minorities and changes in reserves 161 -11,946 Group result 161 -11,946
end of announcement euro adhoc 31.08.2006 08:39:59
Further inquiry note:
JoWooD Productions Software AG
Dr. Albert Seidl, Vorstand
Matthias Rathammer, Investor Relations
Tel.: +43 (0)3612 2828
mailo:investor@jowood.com
http://www.jowood.com
Branche: Software
ISIN: AT0000747357
WKN: 935221
Index: WBI, ATX Prime, ViDX
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing