cdv Software Entertainment AG / Half Year Results/Half Year Results
20.08.2009
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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cdv Software Entertainment AG Posts Strong 2009 Half Year Results
Frankfurt, Germany, August 20, 2009 - cdv Software Entertainment AG
(Frankfurt Stock Exchange: DE000A0MF053) today announced a significant
increase in revenues and profits for the first half of fiscal year 2009.
During the course of 2009 cdv Software Entertainment AG has strengthened
its position and market share in the interactive entertainment space.
With the release of the next-generation console versions of Sacred 2:
Fallen Angel, the company reached a top 3 market position in North America,
which is one of the most important video game markets in the world.
Revenues for the company in the first six months in 2009 were 11.3 million
euros, compared to 6.8 million euros for the same period in 2008. The
increase of 66 percent was primarily due to revenues generated from the
sales of video game software in key territories.
The group reported earnings before interest and taxes (EBIT) of 0.9 million
euros (prior year: negative 1.6 million euros).
Net income for the first half fiscal year ending June 30, 2009 was 0.4
million euros as compared to negative 1.9 million euros for the half year
ending June 30, 2008. This growth was due to a substantial increase in
sales of mainly console software followed by game software for the PC.
The basic and diluted net income per share for the first six months of 2009
was 0.13 euros compared to negative 1.13 euros versus the prior year
period.
The equity capital amounts to negative 0.3 million euros as of 30 June 2009
compared to negative 3.7 million euros as of 31 December 2008.
The first half of 2009 was a record year for cdv with major achievements
despite the current global financial crisis. The actions taken in 2008 as
well as the experience made and adapting business models to new
requirements were the key to cdv's success for the first six months. In
addition the company was able to significantly reduce the cost structure in
order to be more competitive.
With cdv's existing and growing back catalogue as well as with the
scheduled new releases in the second half of 2009, the Board of Directors
is quite optimistic about the future of cdv Software Entertainment AG and
its prospects for 2009.
Company Profile
cdv Software Entertainment AG is a German based worldwide operating
company. Its main business is the publishing of computer and video games
as well as providing services to other entities in this segment. cdv AG,
listed on the Frankfurt stock exchange, was founded in 1989 and launched
its IPO in 2002. Its subsidiaries are in the strategic relevant markets
such as Germany, USA and Great Britain. cdv AG is one of the few
independ-ent global publishers in the industry. Its products focus not only
on the classical retail segment, but also on mobile and online
distribution. More information is available at http://www.cdv.de
Contact:
cdv Software Entertainment AG
Investor Relations
Susan Hoffmeister
IR-Hotline: +49 (0)69 / 4056373 - 0
Fax: +49 (0)69 / 4056373 -193
E-Mail: investors@cdv.de
DGAP 20.08.2009
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Language: English
Issuer: cdv Software Entertainment AG
Hanauer Landstrasse 161-173
60314 Frankfurt am Main
Deutschland
Phone: +49 (0)69 / 4056373 - 0
Fax: +49 (0)69 / 4056373 -193
E-mail: investors@cdv.de
Internet: www.cdv.de
ISIN: DE000A0MF053
WKN: A0MF05
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-Adhoc: cdv Software Entertainment AG: Posts Strong 2009 Half Year Results
| Source: EQS Group AG