- Income from ordinary business activities up 156 percent to €20.3 million (2014: €7.9 million)
- Operative break-even despite high investments in PANTAFLIX
- Next growth spurt with PANTAFLIX launch in Summer of 2016
Kronberg im Taunus, May 9, 2016 – According to preliminary results for the 2015 business year, PANTALEON Entertainment AG (XETRA: PAL, ISIN: DE000A12UPJ7) has exceeded all expectations with a significant revenue growth and finished the financial year 2015 despite high investment costs in PANTAFLIX with an operating profit. Income from ordinary business activities climbed by a whopping 156 percent, from €7.92 million in 2014 to €20.31 million in 2015. The company achieved an operating profit from ordinary business activities (adjusted EBT) amounting to EUR 0.1 million compared to EUR -0.3 million in the previous year.
The preliminary operative results before interest, taxes, depreciation and amortization (EBITDA) were a profit of €8.8 million last year, over a loss of €0.3 million the previous year. For the first time for the financial year 2015, PANTALEON Entertainment AG will be filing audited consolidated financial statements for all subsidiaries' business activities. In addition, finished PANTALEON film productions will now be counted as capital assets and mostly written off directly, to depict actual film production business activities more transparently. Therefore, comparability of the two EBITDA figures for 2014 and 2015 is limited.
"We can be very satisfied with what we've achieved so far. But this is just the beginning of a very exciting journey," says PANTALEON Entertainment AG CEO Dan Maag. "The 2016 business year got off to a good start with several positive developments. And with the upcoming launch of PANTAFLIX in Summer, we're about to launch the next growth cycle."
Audited final figures will be released in the 2015 annual report on June 17, 2016 on the company's internet page under group.pantaleonentertainment.com in the Investor Relations section.
PANTALEON Entertainment AG:
PANTALEON Entertainment AG is a media company with a strong focus on cinema. The core activity of PANTALEON Entertainment AG and its subsidiaries is the development and production of feature films as well as the exploitation of the rights arising therefrom, which are usually marketed by worldwide leading film distributors on a national and international basis along many steps of a chain of rights designed to best exploit them. The basis of the PANTALEON Group was formed in 2009 with the founding of PANTALEON Entertainment GmbH in Berlin. Today, 2016, PANTALEON belongs to the leading German companies in the production of feature films and innovative entertainment formats. The company is headquartered in Kronberg im Taunus. Feature films are developed at its offices in Berlin, Munich and Frankfurt am Main, the consistent quality of which makes them amongst some of the most successful national productions in recent years. In 2016, PANTALEON starts the global roll-out of its innovative cloud-based Video-on-Demand (VoD) platform, PANTAFLIX.
Disclaimer:
This publication is neither an offer of sale of, nor an invitation to buy, shares. In the event of a private placement only selected investors will be approached, in particular no US individuals within the meaning of the US Securities Act of 1933. This release can contain forward-looking statements and information, which are recognisable through such formulations as 'expect', 'want', 'anticipate', 'intend', 'plan', 'believe', 'strive for', 'estimate', 'will' or other similar terms. Such forward-looking statements rest on our present expectations and particular assumptions, which can embody a series of risks and uncertainties. Results actually achieved by PANTALEON Entertainment AG can vary greatly from statements made regarding future activities. PANTALEON Entertainment AG accepts no obligation to update these statements regarding future activities or to correct them in the event of their developing in a manner other than expected.