CDV Software Entertainment AG

ots Ad hoc-Service: cdv Software Entertain. CDV Software Entertainment: After doubled Sales Results 2000 are above plans too

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Karlsruhe (ots Ad hoc-Service) -      CDV Software Entertainment:
After doubled Sales Results 2000 are above plans too

    CDV Software Entertainment, a specialist in interactive media focussed on computer games has in 2000 achieved a net gain of 3.6m DM (previous year 0.2m DM) or 2.27 Euro per share under IAS as opposed to a forecasted loss. Gross Sales (before returns) forecasted at 28.7m DM amounted to 35.5m DM or 22.41 Euro per share versus 17.9m DM in 1999, total turnover (revenue net of returns plus increase in inventories, own work capitilized and other sales) 30.5m DM after 13.0m DM. This equals a revenue growth of 98% resp. total turnover 134%. Cash positions of 20.2m DM (previous year 0.8m DM) are only a little lower than right after the IPO. Total equity amounts to 25.5m DM or 16.13 Euro per share.

    end of ad hoc announcement, (c) DGAP 27.03.2001

    Issuer's information/explanation remarks concerning this ad hoc announcement:

    Almost 100% growth at a p/e 2000 of 21

    On the basis of the above last years figures and at a share price of 47 Euro the calculation gives a p/e of 21 and p/r of 2.1. If business plan goals of 2002 were also achieved or overachieved the p/e 2002 would even be < 13 and the p/r < 1.3. CDV Software Entertainment started on 17.04.2000 with Euro 45 at the Neue Markt and managed to grow into the largest German fullprice PC Games Publisher in 2000 already.


    WKN: 548 812; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

    271201 Mär 01

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