euro adhoc: e-m-s new media AG
Credit line extended by EUR 5
million (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Because of the prosperous business development in 2003/2004 the Dortmunder Volksbank eG, the principal banker of e-m-s new media AG (SIN 521280/ISIN DE0005212807), has granted the company an additional long-term investment loan of EUR 5 million. This loan will be used to finance new film rights. In addition the previously short-term overdraft facility of EUR 3.5 million was converted to a long-term credit line.
With the investment loan, the own cash-flow and the two recently executed capital increases e-m-s will not only be in the position to realize the forecasted business volume in 2004, but also to set now the course for further growth in 2005. The e-m-s expects sales revenues in the division Home Entertainment of EUR 19 million for 2004 and EUR 25 million for 2005. Having already realized sales in the division Home-Entertainment of EUR 1.53 million (previous year: EUR 0.82 million) in January 2004, the company continued to increase its sales and realized a record in sales amounting to EUR 1.72 million (previous year: EUR 1.33 million) in February 2004.
end of announcement euro adhoc 24.03.2004
Further inquiry note:
Sonja Norden
Tel.: +49 (0) 231 9455 333
E-Mail: s.norden@ems-newmedia.com
Branche: Media
ISIN: DE0005212807
WKN: 521280
Index: CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade