Odeon Film AG

ots Ad hoc-Service: Odeon Film AG Odeon Film AG: Final figures for the 1999 financial year - results after tax significantly better than provisional estimates

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    Geiselgasteig (ots Ad hoc-Service) -          Odeon Film AG, Geiselgasteig, announces its audited figures for the 1999 financial year. The turnover of Euro 33.8 mill. and the EBIT of Euro 0.1 mill. according to IAS correspond to the provisional figures already announced on 23rd February 2000.

    However, the annual deficit of Euro 1.3 mill. is considerably better than initially expected. In the provisional annual financial statement, an annual deficit of Euro 2.1 mill. had been anticipated. Thus, the DVFA/SG result per share improved to minus Euro 0.10. The cause of this is the adjustment of consolidation measures in connection with the income from investments from affiliates, which led to a change in the tax on earnings.

    The complete annual accounts can be obtained under www.odeonfilm.de. The Board of Directors will present the annual financial statement at a press briefing and a subsequent analysts' conference in Frankfurt am Main on 9th May 2000. At both conferences, the Board of Directors will also provide information on strategies and expansion plans in the individual fields of business.

    Please address any questions to:

    Marc Bubeck, Investor Relations, Odeon Film AG, Bavariafilmplatz 7, D- 82031 Geiselgasteig, Phone: +49 / (0)89 / 64 99 30 91, Fax: +49 / (0)89 / 64 99 30 41, E-mail: aktie@odeonfilm.de

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