DGAP-Adhoc: 313music JWP AG: Realignment impacts provisional consolidated financial statements

313music JWP AG / Preliminary Results

30.04.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Realignment impacts provisional consolidated financial statements of
313music JWP AG
Group sales from continued operations rise 30% to EUR 3.9 million (prior
year: adjusted EUR 3.0 million)
Provisional Group EBIT of EUR -7.1 million (prior year: adjusted EUR -4.9
million); Provisional net deficit of EUR 11.5 million (prior year: adjusted
EUR 7.3 million)
Publication of the consolidated financial statements delayed

Munich, 30 April 2009 - The 2008 business development of the 313music JWP
AG Group was greatly affected by the strategic realignment and a difficult
market environment, as expected. According to provisional figures, group
sales from continued operations rose from EUR 3.0 million to approx. EUR
3.9 million, whilst EBIT fell to EUR -7.1 million (prior year: adjusted EUR
-4.9 million) despite significant cost cutting efforts within the Group.
The 2008 net income was negatively influenced by large writedowns as part
of the risk provisions.

The provisional group net result from continued and discontinued operations
was EUR -11.5 million compared with EUR -7.3 million in the prior year.
This was partly due to additional writedowns on operations in Puerto Rico
that are not intended to be continued. The provisional 2008 consolidated
financial statements of 313music JWP AG and the corresponding prior year
figures have already been adjusted for the corresponding operations.

The financial statements of the Puerto Rican subsidiary are not completed
yet. Therefore it is not possible to publish the final 2008 consolidated
financial statements on time. The Commercial Code financial statements of
parent company 313music JWP AG will be published punctually.

After optimizing the cost structure and with regard to the planned
termination of the engagement in the American market, the parent company
313music JWP AG expects a positive EBIT in Q1, 2009.

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Information and Explaination of the Issuer to this News:

The Company:
313music JWP AG produces and publishes music recordings with various
artistes, and also purchases and exploits recordings from other producers.
The Company is listed on the Prime Standard Segment in Frankfurt.

Contact: Klaus Munzert, T: +49 89 9509490, F: +49 89 95094920,
contact@313jwp.de, www.313jwp.de



DGAP 30.04.2009 
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Language:     English
Issuer:       313music JWP AG
              Münchner Straße 135
              85774 Unterföhring
              Deutschland
Phone:        +49-(0)89 95 0 949 0
Fax:          +49-(0)89 95 0 949 2214
E-mail:       contact@313jwp.de
Internet:     www.313jwp.de
ISIN:         DE0005087506
WKN:          508750
Indices:      Prime All Share , Prime Media Performance-Index , Prime IG
              Movies & Entertainment
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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