Ad-hoc | 17 November 2000 08:39
Ad hoc-Service: Intertainment AG
English
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Intertainment ag reports strong growth in quarterly figures
Media concern adjusts planned figures / Negotiations on TV rights postponed
Ismaning b. München, 17 November 2000 – Intertainment AG, of Ismaning b.
München, has posted a sharp rise in the 3rd quarter of the current 2000 fiscal
year compared with the same period in the previous year. Turnover increased 335
percent to DM 145.3m (Q3 1999: DM 33.4m) in the reporting period. The media
concern saw results of ordinary business activities climb 392 percent to DM
51.4m (10.4m). Earnings before interest and tax (EBIT) rose 426 percent to DM
63.4m (12.1m), while net income for the year was up 465 percent to DM 24.3m
(4.3m).
According to current planned figures, Intertainment AG anticipates turnover of
DM 170m, EBIT of DM 60m and results of ordinary business activities of DM 48m
for the current 2000 fiscal year. In 1999 the company recorded turnover of
DM 56.1m with results of ordinary business activities at DM 27.4m. EBIT ran to
DM 25.6m.
Intertainment AG had originally expected to see turnover reach DM 290m. EBIT DM
84m and profits DM 76m. The figures now have to be adjusted because negotiations
on TV rights have been postponed. Delivery of three motion pictures has been
delayed and accordingly to that the theatrical release as well as the TV sale
have been pushed back to the next year. This means that the turnovers and
profits in these areas will now not be realized until next year.
Contact address Contact person
Intertainment Aktiengesellschaft Daniela Pickl
Osterfeldstraße 84 Lukas Batthyany
85737 Ismaning Public Relations
Tel.: + 49 89/ 216 99 – 0 Sabine Wirfs
Fax: + 49 89/ 216 99 – 11 Investor Relations
Internet: http://www.intertainment.de E-mail: investor@intertainment.de
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