Splendid Medien AG Reports Group Earnings Results for the Second Quarter and First Half of 2015; Provides Earnings Guidance for the Full Year 2015, 2016 and 2017
August 26, 2015
Share
Splendid Medien AG reported group earnings results for the second quarter and first half of 2015. For the period, group revenues totalled 28.4 after 25.0 million, up 13% year on year. Reported EBIT, at 2.0 million, was well above the first half of 2014 loss of 1.4 million. LBT swung from 1.7 million in first half of 2014 to EBT of 1.7 million. Finally, net income swung to a profit as well from negative 1.8 million in first half of 2014 to 1.7 million, corresponding to EPS of 0.17 against LPS 0.18 a year ago. Operating CF rose to 11.9 million against 5.2 million a year ago. CAPEX declined to 8.0 million after 10.3 million a year ago.
In second quarter 2015, the company achieved an EBIT of 0.5 million against LBIT of 1.1 million a year ago.
The company provided earnings guidance for the full year 2015, 2016 and 2017. For the full year 2015, the company expects sales of 63.35 million, operating profit of 4.24 million, EBIT of 4.24 million, EBT (Earnings before income taxes) of 3.64 million, net income attributable to shareholders of 3.01 million, basic earnings per share of 0.31, cash flow from operating activities of 26.92 million and CAPEX of 25.91 million.
For the full year 2016, the company expects sales of 70.67 million, operating profit of 4.81 million, EBIT of 4.81 million, EBT (Earnings before income taxes) of 4.21 million, net income attributable to shareholders of 3.39 million, basic earnings per share of 0.35, cash flow from operating activities of 27.43 million and CAPEX of 25.91 million.
For the full year 2017, the company expects sales of 76.08 million, operating profit of 6.09 million, EBIT of 6.09 million, EBT (Earnings before income taxes) of 5.49 million, net income attributable to shareholders of 3.78 million, basic earnings per share of 0.39, cash flow from operating activities of 27.72 million and CAPEX of 26.41 million.
Splendid Medien AG is a Germany-based media company that operates in German-speaking countries, as well as in Belgium, Luxembourg and the Netherlands. The Company operates through two segments: Content and Services. The Content segment covers licensing with film rights, film exploitation in cinema and home entertainment, marketing of edutainment programs and music content as well as film production. The Services segment provides a wide range of services for the film and television industry, such as digitization, soundtrack post-production, new media and dubbing. Its subsidiaries include Splendid Film GmbH, WVG Medien GmbH, Polyband Medien GmbH, Early Learning Group GmbH, Videociety GmbH, Splendid Produktion GmbH, Enteractive GmbH and Splendid Synchron GmbH.
Splendid Medien AG Reports Group Earnings Results for the Second Quarter and First Half of 2015; Provides Earnings Guidance for the Full Year 2015, 2016 and 2017