12.05.2016
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DGAP-News: Constantin Medien made a good start into the 2016 financial year
DGAP-News: Constantin Medien AG / Key word(s): Quarterly / Interim Statement
Constantin Medien made a good start into the 2016 financial year
12.05.2016 / 15:40
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Constantin Medien made a good start into the 2016 financial year
- Group sales increased to EUR 152.1 million, especially due to the
Segment Film
- EBIT increases by EUR 1.5 million to EUR 6.1 million
- Group net profit grows from EUR -0.8 million to EUR 1.0 million
- Group earnings attributable to shareholders improved by EUR 0.4 million
to EUR -0.7 million
Ismaning, May 12, 2016 - Constantin Medien AG continued its positive
operating trend from the previous year in the first three months 2016.
Group sales increased from EUR 95.3 million in the same period last year by
59.6 percent to EUR 152.1 million in the first quarter, driven by the Film
Segment. Profit from operations (EBIT) improved by EUR 1.5 million to EUR
6.1 million (Q1 2015: EUR 4.6 million). Group net profit (profit after
taxes) turned from EUR -0.8 million to a positive amount of EUR 1.0
million. Earnings attributable to shareholders included therein improved to
EUR -0.7 million (Q1 2015: EUR -1.1 million), whereby a non-recurring
expense of EUR -0.8 million arose from the sale of the Segment Other
Business Activities and several non-strategic investments and associated
companies.
- Segment Sports generated good coverage and user figures on the SPORT1
platforms with a slightly below-budget development in the area of
production and reached nearly similar quarter sales of EUR 35.2 million
(Q1 2015: EUR 35.5 million). Due to planned higher cost of materials
and licenses, segment earnings of EUR 0.8 million were behind the prior
year's level (Q1 2015: EUR 2.1 million).
- Based on successes in the areas license trading and home entertainment,
the Film Segment's quarter sales more than doubled to EUR 103.3 million
(Q1 2015: EUR 48.4 million). Segment earnings were nearly balanced
despite higher amortization on film assets (EUR -0.1 million versus
EUR -0.9 million in Q1 2015).
- Segment Sports- and Event-Marketing increased sales by 27.6 percent to
EUR 13.4 million. Segment earnings of EUR 5.6 million remained at high
level (Q1 2015: EUR 5.8 million).
For the 2016 full year, the Management Board is still anticipating Group
sales to range between EUR 550 million and EUR 590 million with earnings
attributable to shareholders of EUR 6 million to EUR 9 million. Moreover,
Constantin Medien is also applying the Group EBIT as another key
performance indicator since the first quarter of 2016: an EBIT between
EUR 29 million and EUR 33 million is expected for the current year.
Fred Kogel, Chief Executive Officer of Constantin Medien AG: "Good coverage
and user figures of our SPORT1 platforms, a strong licensing and home
entertainment business as well as a characteristically, high solid
performance of TEAM have shaped the start of the year. Furthermore, we have
streamlined our Group portfolio by means of divestments. The business
performance of the first quarter was in line with our expectations
overall."
Contact:
Contact PR:
Constantin Medien AG, Sabine Lais, Tel.: +49 (0) 89 - 99 500 461, Fax: +49
(0) 89 - 99 500 466, email: [email protected]
Frank Elsner Kommunikation für Unternehmen GmbH, Tel.: +49 (0) 5404 - 91 92
0, Fax: +49 (0) 5404 - 91 92 29
Contact IR:
Constantin Medien AG, Dr. Peter Braunhofer, Tel.: +49 (0)89 - 99 500 436,
Fax: +49 (0)89 - 99 500 433, email: [email protected]
Constantin Medien AG, Münchener Straße 101g, 85737 Ismaning, Tel.: +49
(0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111
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12.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Constantin Medien AG
Münchener Straße 101 g
85737 Ismaning
Germany
Phone: 089 / 99500-436
Fax: 089 / 99500-433
E-mail: [email protected]
Internet: http://www.constantin-medien.de
ISIN: DE0009147207, DE000A1R07C3
WKN: 914720, A1R07C
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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463219 12.05.2016
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