Your Family Entertainment AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]
18.05.2010 10:48
Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Development of the business
Your Family Entertainment AG (YFE) and the Australian producer of animated
films, Ettamogah LMD Pty Ltd, have concluded a long-term agreement to
cooperate in the worldwide distribution of initially four series of
animated films outside Australia and New Zealand.
YFE introduced the German-language children's and family channel
'yourfamily' in France at the beginning of April 2010. 'yourfamily' can
initially be received in France via the IPTV platform 'SFR'. Negotiations
are currently being conducted with other distribution partners.
'yourfamily' is part of an exclusively German package of programmes
assembled by the French distributor 'Thema' that in addition to 'your
family' initially consists amongst others of programmes offered by
ProSiebenSat.1, RTL und n-tv.
Your Family Entertainment AG is pressing ahead in opening up additional
distribution channels. Together with Hutchison 3G Austria GmbH, it has
introduced with considerable success its own theme channel 'Cosmo & Wanda'
on Hutchison's mobile platform. An additional single-theme channel is
planned on this platform.
Your Family Entertainment AG was also able to conclude additional
distribution partnerships. The expansion of the company's position in the
highly dynamic middle eastern markets was emphasised by the conclusion of a
major licensing package with 'Al Jazeera'.
In addition, a comprehensive and long-term partnership for several western
European countries was concluded with 'KidsCo'.
Profit situation
The profit situation in the first quarter of 2010 was in line with
expectations.
Sales +16 %:
Your Family Entertainment AG's sales increased by K-EURO
118 to K-EURO 849 in the first quarter (2009: K-EURO 731).
EBITDA positive:
A positive EBITDA was achieved at the end of March and
is slightly above the previous year's level.
Dividend distribution for the past financial year 2009
Following an additional successful financial year in 2009, Your Family
Entertainment AG plans to make its first distribution of a tax-free
dividend in the company's history as a listed company of 2 Euro cents per
share.
The board of management and supervisory board will submit an appropriate
resolution to the annual general shareholders' at its meeting on July 13th
2010.
Since this dividend represents from a tax point of view a benefit from the
tax capital account in accordance with § 27 of the German Corporation Tax
law, subject to the resolution of the shareholders' meeting the payment
will be made free of tax.
Outlook for the financial year 2010
Based on the previous years' positive results, 2010 will also be
characterised by an intensification of the existing business segments.
Our activities will be focussed on the continued expansion of international
distribution in the field of 'license sales' as well as in obtaining new
partners for our own 'yourfamily' pay-TV channel.
The basis of Your Family Entertainment AG's business will be continually
expanded by the addition of new productions to its library, such as for
example 'Oscar - The Balloonist', or through programmes as part of the
distribution agreement with Ettamogah.
YFE's long-term goal is to recover its position as a strong international
player in this market.
Financial calendar 2010
Apr 29th Annual financial report 2009
May 18th Interim report for the first half of 2010
July 13th Shareholders' meeting
Aug 26th Semi-annual financial report 2010
Nov 18th Interim report for the second half of 2010
Auditors' review and statements regarding the future
This interim report has neither been audited in accordance with § 317 of
the German Commercial Code (HGB) nor has it been subject to review by the
auditors of the annual financial statements.
This interim report also contains statements relating to the future which
are based on the management's current evaluation of future developments.
Such statements are subject to uncertainties and risks which are beyond the
influence of Your Family Entertainment AG.
Should such uncertainties or risks occur, or should the assumptions on
which these future-oriented statements are based prove to be incorrect, the
actual results could differ considerably from results explicitly stated or
implicitly contained in these statements. Your Family Entertainment AG
neither intends nor does it assume a particular obligation to update
statements relating to the future in order to adjust them in accordance
with events or developments occurring after the date of this interim
report.
Munich, May 18th 2010
Your Family Entertainment AG
The Board of Management
Dr. Stefan Piëch
Your Family Entertainment AG
Your Family Entertainment AG, Munich, belongs to the most long-established
companies in Germany both in the production and in the licensing of
entertainment programmes for children, young people and families.
Everyday and trendsetting technologies, like IPTV, VoD and DVB-H are used
as transmission media.
The own children and family channel 'yourfamily' shows animated series and
exciting adventure films with interesting and well-known characters, like
Urmel, Fix & Foxi, Tobias Totz, Dragon Hunters, Enid Blyton and many more.
The programme encompasses choices of an educational nature for pre-school
children, top quality animated series for children, right the way up to
entertaining programmes for the whole family. Thereby Your Family
Entertainment, which used to trade under the name RTV Family Entertainment
AG and has its origins in the Ravensburger AG, above all focuses on top
quality programmes for the whole family.
Your Family Entertainment AG is quoted in the regulated market on the
Frankfurt stock exchange (WKN: 540 891/ISIN: DE 000540 8918, abbr.: RTV).
Board of Management:
- Dr. Stefan Piëch
Supervisory Board:
- Dr. Hans-Sebastian Graf von Wallwitz (Chairman)
- Johannes Thun-Hohenstein (Deputy Chairman)
- Dr. Andreas Aufschnaiter
Registered Office: Munich
Register Court: Munich HRB 164992
Contact:
Your Family Entertainment AG
Michael Huber
NordendstraÃe 64
80801 München
Germany
Telefon: +49 (0)89 99 72 71 - 0
Telefax: +49 (0)89 99 72 71 - 91
Email: ir@yfe-ag.com
Internet:
www.yf-e.com
www.yfe-tv.com
18.05.2010 10:48 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Your Family Entertainment AG
Nordendstr. 64
80801 München
Deutschland
Internet: www.yf-e.com
End of News DGAP News-Service
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DGAP-IRE: Your Family Entertainment AG: Interim report in accordance with § 37x of the German Securities Trading Law ('WpHG') for the first half of 2010
| Source: EQS Group AG