Senator Entertainment AG achieves growth target and gains revenues amounting to 68.37 Mio. Euros
Berlin, 30th April 2008 – The Senator Entertainment AG (General Standard, ISIN DE000A0BVUC6, Symbol: SMN1) nearly doubled its total revenues in the business year 2007 and thus reached the aspired growth target.
The revenues increased to an amount of 68.37 Mio. Euros during the period under report, after amounting to 34.77 Mio. Euros in the previous year. The EBIT according to IFRS improved greatly and rose to 1.75 Mio. Euros compared to prior year´s EBIT of 0.07 Mio. Euros. For this reason, the EBIT-margin increased to 2.6% (previous year: 0.2%). The investor´s share of profits was nearly balanced, accounting to -0.1 Mio. Euros (previous year: -0.01 Mio. Euros). This implies an amount of -0.01 Euros (previous year: 0.00 Euros) per share. The corporation´s equity capital before minority interest amounting to 12.38 Mio. Euros remained unchanged compared to the figure of the prior year (12.38 Mio. Euros) This means an equity quota of 13.7%.
For the Senator group the business year 2007 was all about a consistant continuation of the commenced strategy for growth and the connected diversification of the operational business segments. In the main segment film distribution the number of releases was raised from 6 movies in the previous year to 24 movies. This increase is also reflected in the increase of the intangible assets from 26.07 Mio. Euros to 40.53 Mio. Euros; the intangible assets being mainly film licenses. In addition to this, the activities in the divisions Home Entertainment, Film Productions and Television were significantly extended or completely newly implemented. Furthermore the business activities of the Senator group at an international level have been accelerated and for this purpose Senator has agreed to an extensive co-operation with the major French distribution and production firm Wild Bunch.
For the business year 2008 the corporate group accelerates a further extension of its activities and thus a growth in total revenues and earnings. The corporation plans to reach a sales volume of at least EUR 85 Mio. and company earnings (EBIT) slightly above one million. For the year 2009 a business development assuming a double digit amount in million in sales growth and a further increase of the EBIT is forecasted.
The complete business report is posted on the internet on www.senator.de .
End ad hoc release
If further questions occur, please contact:
Hillermann Consulting
Mr Christian Hillermann
Investor Relations for the Senator Entertainment AG
Tel.:+ 49 30 880 91 727
Fax:+ 49 30 880 91 723
e-mail: ir@senator.de
www.senator.de
Concise profile Senator Entertainment AG
The Senator Entertainment AG (Berlin) is one of the leading independent media companies in Germany. Together with its subcompanies it works in the fields of movie production, distribution, TV and music. Senator produced award-winning movies like THE MIRACLE OF BERN (German title: Das Wunder von Bern) or THE EXPERIMENT (German title: Das Experiment). In 2007 Senator´s succesful theatrical releases in Germany include VOLLIDIOT, directed by Tobi Baumann, DEATH PROOF directed by Quentin Tarantino or the film adaption of a Stephen-King-novel 1408. Also in 2007 the Senator Entertainment Inc. located in Los Angeles produced its first two own international movies: FIREFLIES IN THE GARDEN starring Julia Roberts and Willem Dafoe and THE INFORMERS starring Kim Basinger, Billy Bob Thornton, Winona Ryder and Mickey Rourke. Senator will distribute these movies on a global basis in the current year.
Senator Film Distribution was founded in 1979, Senator Film AG being founded seven years later, followed by Senator Film Production GmbH in 1987. Since November 2005 the principal stockholders are the media-manager and lawyer Helge Sasse and the filmproducer Marco Weber who lives in Los Angeles; both of them also are managing directors of the corporation. Other strategic investors of Senator Entertainment include corporate consultant Roland Berger and the chairman of the supervisory board of the Senator Entertainment AG, Thomas Middelhoff. In April 2008 the Senator-film BE KIND REWIND was launched in German cinemas and also was the closing film of this years´s Berlinale film festival.
