RTV Family Entertainment AG / Half Year Results
Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc Notice according to Sec. 15 German Security Trading Act (WpHG)
RTV announces the Result for the First Half-Year of 2006
At € 1,510k, the turnover for the first half-year of 2006 was € 1,220k
lower than the turnover for the given period in the previous year, which
was € 2,730k. Here, a turnover of € 861k in the programme business
division (previous year € 1,899k) and a turnover of € 649k (previous year €
831k) in the business division of merchandising were achieved. Due to the
existing agency agreements with EM.Entertainment GmbH (EM.TV AG) and
Planeta Junior S.L. it was possible to achieve turnover of approx. € 714k
in the supervised territories of our sales partners. The co-operation with
Super RTL on the programme window to be used by RTV resulted in turnover
proceeds of approx. € 505k (given period of the previous year approx.
€1,601k). The significant reduction in turnover is primarily due to the
reduction of programme window with Super RTL, which has already been
explained in detail in the 2005 financial report. Since then (ad-hoc Notice
on 14.06.2006), Super-RTL has ended the co-operation between RTV Family
Entertainment AG and Super-RTL with regard to the shared programme window
as of the end of 2006.
The earnings before interest, taxes, depreciation and amortisation, EBITDA,
came to € 138k, after € 2,005k for the 2005 half-year. The earnings before
interest and tax, EBIT, came to € –88k against € 504k in the given period
of the previous year. After consideration of the interest,the half-yearly
earnings of RTV Family Entertainment AG come to € –189k (period in previous
year: € –109k). On the date of the balance sheet, there are no bank loans
and overdrafts resulting in interest expenditure. The net cash flow came to
€ 143k against € -1,309k in the first half-year of 2005. On the date of the
balance sheet, the liquid resources available to RTV Family Entertainment
AG stood at approx. € 466k.
After consolidation and disencumbrance of RTV Family Entertainment AG at
the end of the last financial year, the financial year of 2006 falls
entirely under the sign of a new beginning. The aim is to refocus on the
core competences of the company, to expand the operational business and to
implement the planned measures for opening up new business segments.
Furthermore, the licence trade also continues to be the supporting division
of the company, which, in the first half-year of 2006, was characterised by
the expansion of the sales activity and the development and preparation of
sales support measures.
The following 2006 half-yearly report was produced in accordance with IAS
34. The same balancing and evaluation methods have been applied as in the
annual report 2005. The 2006 half-yearly report can be viewed and
downloaded on the company homepage (www.rtv-ag.com / heading: Investor
Relations).
Munich, 30th of August 2006
Contact:
RTV Family Entertainment AG
Corporate Communications
Nordendstraße 64
D - 80801 Munich
Contact:
Edmund Appelt
Phone: +49 (0)89 99 72 71 –22
Fax: +49 (0)89 99 72 71 –91
Email: edmund.appelt@rtv-ag.de
DGAP 30.08.2006
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Language: English
Issuer: RTV Family Entertainment AG
Cuvilliesstr. 14a
81679 München Deutschland
Phone: +49 (0)89 997 271-0
Fax: +49 (0)89 997 271-92
E-mail: ir@rtv-ag.de
WWW: www.rtv-ag.de
ISIN: DE0005408918
WKN: 540891
Indices:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, Hamburg, Düsseldorf
End of News DGAP News-Service
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