Ad-hoc | 31 August 2001 08:42
Senator Entertainment AG
english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Senator increases EBIT by 167,9% – Sales revenues rose by 113,6 %
Berlin, August 31th 2001 Senator Entertainment AG increased its sales in the
first half of 2001 by 113,6% to EUR 83.22 million (EUR 38.96 million). Due to
good box office results and successful leap into international film production
and distribution. The earnings before taxes, interest, depreciation and
amortization (EBITDA) increased by 162.5% to EUR 60.7 million. Depreciation rose
by 161.3% to EUR 48.9 million. Despite the high depreciation rate of 58.8%,
earnings before interest and tax jumped by 167.9% to EUR 11.8 million.
Our half year earnings were dampened by EUR 4.97 million due to a loss absorbed
on account of our share in the strategic multiplex partner CinemaxX in addition
to an ordinary depreciation. However, the result of ordinary activities
increased by 66.1% to EUR 6.92 million compared to the same period in 2000.
After tax results of EUR 6.39 million meant a 30.1% improvement in earnings for
the first half of 2001, corresponding to the DVFA/SG result. Earnings per share
amounted to EUR 0.19 as of June 30th 2001.
Promising new releases of films already successful in the US, the consolidation
of CinemaxX to be completed and international activities point the way to
optimistic future in the 2nd half of 2001.
For further questions please contact
Senator Entertainment AG
Karl-W. Homburg
investor@senator.de
Head of Investor Relations/
Corporate Communications
Tel.: 030 / 88091-612
Fax.:030 / 88091-8612
or Bernhard Krause
Tel.: 06181-9828020
end of ad-hoc-announcement (c)DGAP 31.08.2001
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WKN: 722440; Index: NEMAX 50
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
310842 Aug 01