WIGE MEDIA AG / Final Results
29.04.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------- WIGE MEDIA AG publishes figures for the 2007 financial year  Group revenues increase by over 6% to EUR 39.3 million  Negative annual result due to external influences of EUR -3.1
million
Cologne, 29 April 2008: WIGE MEDIA AG (German Securities Code Number:
634770) today published its figures for the 2007 financial year, the
transitional year for the strategic realignment. Despite the
discontinuation of key revenue generators, sales in the 2007 financial year
improved by EUR 2.3 million to EUR 39.3 million. There was a particularly
positive revenues trend in Europe (outside Germany) which were up 20% and
revenues generated outside Europe (plus 51%).
As a result of exogenous project rejections in the fourth quarter of 2007,
not relating to areas which WIGE could influence, and uncertainty in
relation to the issue of transfer rights, results did not follow on from
the positive trend of the first three quarters. At EUR 3.76 million, EBIDTA
was below the EUR 10.44 million generated in the previous year. EBIT was
EUR -2.77 million after EUR 4.36 million in the previous year. In the 2007
financial year, EBT was EUR -3.59 million after EUR 3.55 million in the
financial year 2006. The annual result for the 2007 financial year was EUR
-3.11 million after EUR 3.54 million in the previous year. Thus earnings
per share in the 2007 financial year totalled EUR -0.52 after EUR 0.60 in
the 2006 financial year. The key factor in the 2006 result was the sale of
WIGE DATA GmbH.
Adjusted for this non-recurring effect, EBITDA was improved from EUR 3.34
million in the 2006 financial year to EUR 3.76 million in the 2007
financial year. EBIT was almost unchanged at EUR -2.77 million after EUR
-2.71 million in the previous year. In the reporting year, EBT at EUR -3.59
million was at a similar level to the previous year (EUR -3.54 million).
The net results improved from EUR -3.56 million in the 2006 financial year
to EUR -3.11 million in financial year 2007.
As of now, the Annual Report can be viewed at
www.wige.de/finanzberichte.html.
The Executive Board
About WIGE MEDIA AG:
WIGE MEDIA AG is a globally active media service company and provides
services and solutions along the value chain for TV and film productions.
The business segments of the leading full service provider for sports and
event productions include Outside Broadcasts, TV & Film Production, Post
Production, TV Marketing, Rental Services, Data and Results Services,
Events & Incentives and last but not least comprehensive Media Consultancy
Services. Thanks to this extensive portfolio of services, the Company,
founded in 1978, can guarantee its unique position in Germany and Europe.
The Company has been headquartered in Cologne and listed on the stock
market since 2000.
Company contact:
WIGE MEDIA AG
Am Coloneum 2
50829 Köln
www.wige.de
Tel: +49 [0] 221_7 88 77_ 140
Fax: +49 [0] 221_7 88 77_ 189
info@wige.de
Investor Relations contact:
GFEI mbH
Hamburger Allee 26-28
60486 Frankfurt am Main
Tel : +49 [0] 69_74 30 37_00
Fax: +49 [0] 69_74 30 37_22
wige-media@gfei.de
DGAP 29.04.2008
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Language: English
Issuer: WIGE MEDIA AG
Am Coloneum 2
50829 Köln
Deutschland
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: info@wige.de
Internet: www.wige.de
ISIN: DE0006347701
WKN: 634770
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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