Ad-hoc press release from Intertainment AG
At the end of September 2001 Intertainment AG had a surplus of 9 m DM
Intertainment-subsidiary terminates contract with film group
Ismaning near Munich, 23 November 2001 - In the first nine months of the current financial year, 2001, Intertainment AG
of Ismaning near Munich achieved a surplus of 9 m DM/4.6 m Euro. In the same period of the previous year Intertainment
achieved a surplus of 24.3 m DM /12.4 m Euro. The first three quarters were characterised by an extraordinary result of
25.9 m DM/13.2 m Euro. In June 2001 Intertainment AG achieved a waiver of a claim by a credit institution worth up to
108 m DM/55.2 m Euro in connection with the legal action against Franchise Pictures and by 30 September 2001 this had an
effect of 90.7 m DM/46.4 m Euro. In the period under review Intertainment AG had formed provisions for risks totalling
DM 64.8 m /33.2 m Euro Mio Euro.
Due to the legal action against Franchise Pictures turnover totalled 38.5 m DM/19.7 m Euro (in the first nine months of
2000: 145.3 m DM/74.3 m Euro). The result before interest and tax (EBIT) was 12.2 m DM/6.2 m Euro (63.4 m DM/32.4 m
Euro), taking account of the extraordinary result.
The pre-tax result was 14.6 m DM/7.4 m Euro. This result takes account of the extraordinary result. Intertainment AG had
an operating result of minus 13.7 m DM/7 m Euro (+63.4 m DM/32.4 m Euro).
At the end of September 2001 the company's funds amounted to 29.6 m DM/15.1 m Euro. Intertainment has accounts
receivable from trade debtors to the sum of 155.4 m DM/79.5 m Euro Mio.
Due to the recently announced insolvency of the British media company, Filmgroup PLC (formerly Redbus Filmgroup Ltd),
London, Intertainment Licensing GmbH will be terminating the contract between the companies formed in April 2000
concerning the sale of film rights for the British territory. This will not have an effect on results. All provisions
were already made in 2000. The licensed rights will revert to Intertainment and can be resold.
Contact:
Intertainment Aktiengesellschaft
Marietta Birner
Osterfeldstraße 84
85737 Ismaning
Telephone: 0 89 / 216 99 - 0
Fax: 0 89 / 216 99 - 11
Internet: www.intertainment.de
E-Mail: investor@intertainment.de