Ad-hoc | 27 March 2001 07:36
Ad hoc-Service: Dino entertainment AG
english
Ad hoc announcement processed and transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
——————————————————————————–
Dino entertainment AG expects balanced result for 2001
– Joint venture with DYNAMIC develops potentials as a licenser
Stuttgart, 27 March 2001. After the profound break in the past business year –
which saw turnover of DM 69.9 million (previous year: DM 59.5 million) and a
result before income taxes (US-GAAP) of negative DM 15.0 million, making 2000
the first loss year in the history of the company – Dino entertainment AG
entered the current year without old liabilities. Following consistent
restructuring, the discontinuation of deficitary product lines and the
implementation of new trademark rights, Dino already intends to obtain a
balanced result in 2001 and will likely attain some DM 75 million in turnover –
a seven-percent increase as compared to the previous year and an increase of no
less than 29.3 percent when adjusted for those divisions which were
discontinued as a result of the restructuring.
Dino expects decisive impetus for growth in 2001 from the expansion of the
Manga/Anime line. “Manga”, the Japanese version of the cartoon, and “Anime”,
the TV and computer version of this cartoon, already have a huge and steadily
growing group of fans in Germany and are considered to be the trend of the
future on the youth market. An important step is the joint venture with
DYNAMIC, Japan’s leading supplier of “Manga & Anime” products. Both partners
will have a 50-percent stake in the joint venture. DYNAMIC is the world’s
largest licenser in the “Anime” sector. DYNAMIC licenses for TV, video/DVD,
print and merchandising are to be marketed in Germany as part of the joint
venture. In an initial step, more than 40 licensing rights, which include more
than 600 hours of “Anime” TV formats, are to be marketed.
Steffen Volkmer
PR/IR-Manager
Dino entertainment AG
Rotebühlstrasse 87
70178 Stuttgart
fon: ++49711-94768-824
fax: ++49711-94768-830
mailto:VolkmerS@DinoAG.de
end of ad hoc announcement, (c) DGAP 27.03.2001
——————————————————————————–
WKN: 525040; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
270736 Mär 01