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Oma lässt grüßen und sagt, es tut ihr Leid
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Deadline (mp3)
 
 

Contact

Bernd Hocke

Edel AG
Bernd Hocke
General Manager

Final half-yearly results 2005

Monday, 25. April 2005
Edel AG – Ad-hoc Mitteilung

Europe’s leading independent music group exceeds own expectations.

Hamburg - The edel music group further improved its performance in the first six months of the fiscal year 2005. In the period from Oct 1, 2004 to Sep 30, 2005 sales and financial results increased more than expected.

The edel group’s half-yearly net profit as at March 31, 2005 improved by 0.6 million EUR to 3.4 million EUR (March 31, 2004: 2.8 million EUR). EBITDA has increased by 2.5 million EUR to 9.8 million EUR (March 31, 2004: 7.3 million EUR). EBIT rose by 2.2 million EUR (+55%) to 6.2 million EUR (March 31, 2004: 4.0 million EUR).

The group’s operational cash-flow tripled to 12.7 million EUR (March 31, 2004: 4.1 million EUR), accompanied by an increase of investments to 3.7 million EUR (first half of 2004: 3.0 million EUR). Loans were lowered by 4.2 million EUR, compared to a reduction of 0.9 million EUR in the same period of the previous year. Cash and cash equivalents in the edel group as at March 31, 2005 stood at 16.6 million EUR (March 31, 2004: 12.0 million EUR), the equity capital amounted to 34.3 million EUR (March 31, 2004: 29.9 million EUR).

The group’s sales increased by 16% to 82.7 million EUR, compared to 71.6 million EUR in the first half of the previous financial year.

edel music AG will present all half-yearly results as well as details of its corporate bond offering at the upcoming Annual General Meeting (Hamburg, April 27).

Contact:

edel music AG

Neumühlen 17

22763 Hamburg

Tel. +49 40 / 890 85 225

Email: Baerbel_Tomas(at)edel.com

equinet Communications AG

Volker Siegert

Tel. +49 69 / 58997305

Email: Volker.Siegert(at)equinet-ag.de