ARBOmedia AG / Quarter Results
23.12.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Munich, December 23, 2008 - The sales house for marketing advertising
ARBOmedia, Munich, has slipped into deficits within the first nine months
of the current fiscal year despite an increase in sales. The reasons for
this development were mainly special effects that were generated in the
third quarter of 2008.
All in all, the ARBOmedia group obtained sales to the amount of 57.4
million Euro in the three quarters till the end of September 2008. This
makes an increase of 13.0 per cent compared to the volume of sales last
year of 50.8 million Euro. This sales increase is mainly attributed to the
division 'internet', which obtained an increase in sales of 13.3 million
Euro.
The gross profit on sales rose to 9.7 million Euro, after the result was
8.5 million Euro end of September 2007. However, the groups result dropped
down on -3.3 million Euro compared to -0.6 million Euro in the same period
of last year. This result was put under pressure by an adjustment for a
claim for indemnification in Spain to the amount of 1.1 million Euro and by
an initially considered latent tax expenditure to the amount of 4.7 million
Euro. This tax expenditure is based on income statement-related
consolidating entries. Consolidation profits to the amount of 2.9 million
Euro had favourable effects on the result. This can mainly be attributed to
the sale of ARBOmedia.net Praha, spol. s.r.o.
Due to the negative result the net loss increased to 39.2 million Euro
(last year: 35.3 million Euro) to 30 September 2008. The equity capital of
the group dropped from 4.0 million Euro to 0.2 million Euro.
The means of payment of the ARBOmedia group rose also due to received
selling prices of enterprises in total from 6.8 million Euro to 7.8
million Euro.
For the fiscal year 2008 the management of the ARBOmedia group expects an
overall deficit. The reasons for this development are the above mentioned
special effects as well as the effects of the financial crisis on the
market conditions and the related business development of the group. In
addition, further restructuring measures can have influence on the result.
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Information and Explaination of the Issuer to this News:
About ARBOmedia:
ARBOmedia AG is the largest independent marketing agency in Europe. The
client portfolio for the core business in the field of marketing of
electronic media currently encompasses more than 600 websites, 33 TV
networks and 12 radio stations. In addition to this there are 60 magazines
and an increasing number of out-of-home media. The wide range of media
portfolio makes ARBOmedia experts in the sector of media convergence and
cross-media solutions. As an independent marketing agency, the company is
the market leader in strong growth countries situated in central and
southern Europe.
The shares for ARBOmedia AG are listed in the Prime Standard of the German
Stock Exchange. By the end of December 23rd 2008, the switch into to
General Standard segment will be effective.
Contact:
ARBOmedia AG
Investor Relations
Akademiestraße 7
D -80799 Munich
Phone: +49 (0)89.383 56-429
Fax: +49 (0)89.383 56-120
Email: ir@arbomedia.net
Internet: www.arbomedia.net
DGAP 23.12.2008
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Language: English
Issuer: ARBOmedia AG
Akademiestrasse 7
80799 München
Deutschland
Phone: +49 (0)89 38 3 56-0
Fax: +49 (0)89 38 3 56-120
E-mail: info@arbomedia.net
Internet: www.arbomedia.net
ISIN: DE0005489306
WKN: 548930
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: ARBOmedia AG: ARBOmedia records deficit due to special effects
| Source: EQS Group AG