euro adhoc: Advanced Medien AG
Advanced Medien AG announces 9-month
results (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Advanced Medien AG announces 9-month results Munich, November 21, 2003 - Advanced Medien AG (ISIN DE-0001262186, SIN 126218) today announced revenues of EUR 1.2 million for the first nine months of fiscal year 2003. This compares to revenues of EUR 9.3 million for the same period of last year. Revenues were primarily generated by the film licensing business segment. Advanced Medien AG and the subsidiary TSC Technische Systeme Consult GmbH contributed to revenues. In the same period of last year, revenues of EUR 8.0 million recorded by the former subsidiary Unified Film Organization LLC in Los Angeles had been fully consolidated. On September 9, 2003, the US subsidiary Advanced Licencing North America Inc. and its 51% share in Unified Film Organization LLC were sold. As a result, U.F.O. was deconsolidated as of September 30, 2003. This results in an EBITDA of minus EUR 2.3 million for the first nine months of 2003 as compared to an EBITDA of EUR 6.1 million for the same period of last year. The amortization of film assets decreased from EUR 8.1 million in the first nine months of last year to EUR 2.0 million. As a result, earnings before interest and taxes (EBIT) according to IAS for the first nine months were negative at minus EUR 4.3 million (previous year: minus EUR 2.5 million). The net loss for the period from January 1 to September 30, 2003, increased to EUR 5.1 million. This compares to a loss of EUR 4.0 million in the same period of last year. As of September 30, 2003, the undiluted loss per share was EUR 0.40 as compared to a loss per share of EUR 0.23 for the same period last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) according to IAS in the third quarter alone were negative at minus EUR 2.0 million (previous year: minus EUR 2.2 million). After deducting amortizations of EUR 0.1 million, this translates to a negative EBIT of minus EUR 2.1 million for the third quarter, following a negative EBIT of minus EUR 0.2 million in the previous year. The net loss for the third quarter amounted to EUR 2.4 million, compared to a net loss of EUR 0.7 million for the same period last year. The full 9-month report will be available for download at www.advanced-medien.de from late November. ~ Key figures according to IAS in EUR thsd. Sep 30, 2003 Sep 30, 2002 Revenues 1,158 9,302 EBITDA -2,268 6,058 EBIT -4,279 -2,532 Financial result -811 -1,488 EBT -5,090 -4,020 Result from ordinary operations -5,088 -4,022 Loss for the period 5,055 4,060 Loss per share (euros) 0.40 0.23 ~
end of announcement euro adhoc 21.11.2003
Further inquiry note:
Advanced Medien AG, Susanne Rehm,
Branche: Media
ISIN: DE0001262186
WKN: 1260218
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
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade