Ad-hoc Press Release from
Intertainment AG
according to § 15 WpHG
Intertainment remains in the black after nine months
Very tense liquidity situation
Munich, November 30, 2005 - Intertainment AG, Munich, concluded the first nine months for 2005 with net income amounting to 3.0 million euros, following 0.9 million euros in the equivalent year-earlier period. Earnings before Interest and Taxes (EBIT) rose to 4.3 (September 30, 2004: 1.4) million euros. Sales in the Group fell to 1.0 million euros. During the first three quarters of 2004, Intertainment generated revenues of 17.4 million euros, mainly due to exploitation of the film "Twisted".
Net income for the period under review during the current fiscal year has been particularly affected by a revaluation of claims for damages arising from the legal disputes in the USA as a result of exchange-rate fluctuations. These were mainly incurred during the first half-year of 2005. The total volume of claims for damages reported was 66.7 million euros on the balance sheet date of September 30, after 59.1 million euros at the end of 2004.
During the third quarter of 2005, Intertainment generated sales of 0.5 million euros, following 0.1 million euros in the equivalent year-earlier period. Earnings were negative for the period under review, amounting to -1.0 (prior-year quarter: -1.4) million eu-ros. EBIT was -0.9 million euros after -1.8 million euros in the third quarter of 2004.
The liquidity situation of Intertainment was extremely tense at the end of the quarter.
On September 30, 2005 Intertainment had liquid assets amounting to 0.1 million euros following 1.7 million euros at the end of 2004.
End of the Press Release
Contact:
Intertainment AG, Investor Relations
Frauenplatz 7, 80331 Munich, Germany
Telephone: +49 (0)89 21699-0
Fax: +49 (0)89 21699-11
Internet: www.intertainment.de
E-Mail: investor@intertainment.de