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24.02.2000 – 15:00

Odeon Film AG

ots Ad hoc-Service: Odeon Film AG Odeon Film AG: Provisional results for the 1999 financial year

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    Geiselgasteig (ots Ad hoc-Service) -      

    Odeon Film AG, Geiselgasteig, announces its provisional, unaudited figures for the 1999 financial year. Turnover according to IAS, at DM 66 mill. (34 mill. Euro), corresponds to the forecast made in November and is thus about 8% lower than the figure in the original planning.

    As anticipated, Odeon Film AG achieved an EBIT of DM 0.2 mill. (0.1 mill. Euro). For 1999, this included start-up costs and investments of DM 1.5 mill. for the Internet activities of Odeon Film AG. A further DM 0.4 mill. EBIT will arise in the year 2000 as a result of the shift in turnover which has already been mentioned.

    The result after tax of minus DM 4.1 mill. results from the market quotation costs of DM 3.7 mill. (1.9 mill. Euro) and the restructuring measures undertaken in the framework of the consolidation of the Odeon Group. The DVFA/SG result per share amounts to minus DM 1.00 (minus 0.51 Euro). (*)

    As a result of the firm order situation in the television sector, promising feature film projects and the encouraging positioning in the growth market of e-commerce, the Board of Directors anticipates significantly higher turnover and earnings in the current financial year compared with the previous year. And experience shows that the major share of turnover can be expected in the second half of the year.

    Odeon Film AG will present its complete annual financial statement at the press briefing on the annual results in Frankfurt am Main on 7th April 2000. The annual report will be published on 31st March 2000.

    (*) With an average annual number of shares calculated at 1,778,630 on the basis of IAS 33, the resulting DVFA/SG result per share amounts to minus DM 1.12 (minus 0.57 Euro).

    Contact for further questions:     Marc Bubeck, Investor Relations,     Odeon Film AG,     Bavariafilmplatz 7, 82031 Geiselgasteig,     Phone: +49/89/6499-3091, Fax: +49/89/6499-3041,     E-mail:

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