cdv Software Entertainment AG / Preliminary Results
18.01.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Bruchsal, Germany, January 18, 2008 cdv Software Entertainment AG, listed
at the Frankfurt Stock Exchange (General Standard), expects to report a
revenue before returns and conditions of about 24 million EUR for the cdv
Group for the business year concluding on December 31, 2007. This result is
based on a pro forma basis,taking into consideration revenue and
expenditures of all subsidiaries which were acquired during 2007. This
represents a growth of 50 percent when compared to the previous year's
revenue (16 million EUR). On a proforma basis, the management board expects
earnings before income and taxes (EBIT) of approximately 2.7 million EUR
for 2007, compared to an overall loss of 8.3 million EUR during the
previous year. These numbers considerably exceed even the company's own
expectations of 2 million EUR. These earnings illustrate further that cdv
Software Entertainment AG is well on the way to becoming the leading
full-service provider of computer- and video games as well as accessories;
a performance growth of over 10 million EUR in a period of 12 months also
proves the effectiveness and long-term success of its recent restructuring
efforts. Due to the better than expected performance for the reporting
period, management has elevated its forecast for 2008, expecting identical
or greater revenue growth, with an anticipated double-digit EBIT for the
coming year.
Contact:
CDV Software Entertainment AG
Susan Hoffmeister
Tel.: +49 (0)7251 50505-0
e-mail: susan.hoffmeisters@cdv.de
DGAP 18.01.2008
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Language: English
Issuer: cdv Software Entertainment AG
Werner-von-Siemens-Str. 2-6
76646 Bruchsal
Deutschland
Phone: +49 (0)7251 50505-0
Fax: +49 (0)7251 50505-188
E-mail: investors@cdv.de
Internet: www.cdv.de
ISIN: DE000A0MF053
WKN: A0MF05
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: cdv Software Entertainment AG: Announces Preliminary Figures for 2007 / Interactive entertainment industry full-service provider exceeds fiscal expectations significantly
| Source: EQS Group AG