DGAP-Adhoc: WIGE MEDIA AG: Publication of 2011 half-year report

WIGE MEDIA AG  / Key word(s): Half Year Results

25.08.2011 07:40

Dissemination 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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Ad hoc disclosure in accordance with section 15 WpHG of 25 August 2011

WIGE MEDIA AG, ISIN: DE000A1EMG56/SCN: A1EMG5

Publication of 2011 half-year report

  - Consolidated sales under HGB (IFRS: total performance) up year-on-year
    at EUR16.1 million (EUR15.7 million)

  - EBITDA of EUR1.8 million (previous year: EUR0.8 million)

  - EBIT of EUR0.7 million after EUR-0.6 million in same period of the
    previous year

Cologne, 25 August 2011: WIGE MEDIA AG, the moving image specialist, has
published its 2011 half-year report for its Annual General Meeting today.
The company generated consolidated sales under HGB (IFRS: total
performance) of EUR16.1 million (previous year: EUR15.7 million). EBITDA
amounted to EUR1.8 million, an increase of EUR1.0 million on the previous
year's figure (EUR0.8 million) after adjustment for extraordinary items
(bank waiver). EBIT amounted to EUR0.7 million after EUR-0.6 million
(adjusted) in same period of the previous year, marking an increase of
EUR1.3 million. Both EBITDA and EBIT were therefore up on the preliminary
figures of 1 August 2011.

Net earnings amounted to EUR-0.7 million (H1 2010 adjusted: EUR-1.2
million). The positive operating effects were negatively affected by the
non-cash changes in the company's balance sheet. The negative result was
due to the planned hiving-off of the TV Outside Broadcasts segment in the
reporting period to form a separate subsidiary, Wige Broadcast, and the
adjustment for deferred tax assets this entailed. Earnings per share
amounted to EUR-0.14 after the first six months of 2011 (based on 4,634,684
shares) after EUR-0.31 in the first half of 2010 (adjusted; based on
4,000,000 shares).

As at 30 June 2011, total assets amounted to EUR18.7 million (31 December
2010: EUR12.8 million). The equity ratio was around 40% on equity of EUR7.4
million (31 December 2010: 48% on EUR6.2 million).

Given the company's good strategic and operative positioning, the full
effect of the restructuring measures concluded in 2011 and the prospects of
organic growth and expansion through acquisitions following the successful
capital increase, the forecast for the 2011 financial year can be
reaffirmed.

The Executive Board

The half-year report is available for download at
www.wige.de/finanzberichte.html.

Contact information (next page):

Company contact information:
WIGE MEDIA AG
Am Coloneum 2 
50829 Cologne 
www.wige.de
Tel: +49 [0] 221_7 88 77_ 140
Fax: +49 [0] 221_7 88 77_ 189
info@wige.de 

Investor relations contact information:
GFEI AG
Am Hauptbahnhof 6 
60329 Frankfurt/Main
Tel : +49 [0] 69_74 30 37_00
Fax: +49 [0] 69_74 30 37_22
wige-media@gfei.de


25.08.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      WIGE MEDIA AG
              Am Coloneum 2
              50829 Köln
              Germany
Phone:        +49 (0)221 7 88 77 0
Fax:          +49 (0)221 7 88 77 199
E-mail:       info@wige.de
Internet:     www.wige.de
ISIN:         DE000A1EMG56
WKN:          A1EMG5
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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