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12.05.2010 – 08:50

Zapf Creation AG

EANS-Adhoc: Zapf Creation reports positive performance in the first quarter of 2010

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.

3-month report


Roedental, May 12, 2010 - The Zapf Creation Group today announced improved results in what traditionally is the weakest quarter for the toy industry. The Group´s consolidated revenue increased by 12.4% to EUR 11.9 million (2009: EUR 10.6 million).

Zapf Creation reports improved earnings and cash position: Gross profit rose by 16.6 percentage points to 46.3%. Adjusted for one-off items and restructuring costs, consolidated EBIT improved to EUR -1.4 million. The net loss for the period was EUR 2.4 million, compared to EUR 4.9 million in the prior-year period.

The cash flow from operating activities rose by 14.9% to EUR 7.8 million (2009: EUR 6.8 million). Net liabilities reduced to EUR 18.4 million (December 31, 2009: EUR 25.0 million).

As part of the Group's long-term financing, Zapf Creation´s Banking Consortium have agreed to waive compliance with key financial covenants until May 31, 2010.

end of announcement                               euro adhoc

Further inquiry note:

Claudia Dorst
Telefon: +49 (0)9563-7251-513

Branche: Consumer Goods
ISIN: DE0007806002
WKN: 780600
Index: MDAX, CDAX, Classic All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

Original content of: Zapf Creation AG, transmitted by news aktuell

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