PRESS RELEASES & ADHOC ANNOUNCEMENTS
Preliminary data for fiscal 2019/20
- Net income (before minority interests) above previous year at EUR 2.5 million to EUR 2.8 million
- Sales above previous year at EUR 214 million
Hamburg, November 5, 2020, 11:59 am
Today, Management analyzed initial, preliminary financial data for the 2019/20 fiscal year ended September 30, 2020.
They now expect that the consolidated net income (before minority interests) of EUR 2.2 million, which was previously forecast to remain unchanged compared to fiscal 2018/19, will actually reach between EUR 2.5 and 2.8 million. Due to higher profit shares of the wholly-owned Group subsidiaries, consolidated net income after minority interests increases to between EUR 2.3 and 2.6 million (prior year: EUR 1.7 million). The consolidated net income for the year includes allocations to provisions for previously communicated risks from tax issues, such as the question of the extent of the trade tax addition of license expenses and the VAT treatment of income from the prosecution of illegal use of rights. At EUR 214 million (previous year: EUR 209 million), the sales forecast is also expected to be slightly higher than in the previous year.
The company expects EBITDA of 18.5 to 18.9 million EUR (previous year: 16.0 million EUR) and EBIT of 9.0 to 9.4 million EUR (previous year: 6.7 million EUR) to both be higher than in the previous year.
The higher forecast for revenues and consolidated net income for the year results from a renewed and, in the context of the Corona pandemic, particularly dynamic business with digital content, but also from a stable business with physical media, following interim declines.