Odeon Film AG

ots Ad hoc-Service: Odeon Film AG Odeon Film AG Lifts Profit Forecasts for 2000

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    Geiselgasteig (ots Ad hoc-Service) - Ad hoc Announcement

    Odeon Film AG Lifts Profit Forecasts for 2000

    Odeon Film AG, Geiselgasteig, is lifting its profits forecasts for fiscal year 2000 as a whole, after delivering a positive business performance during the first nine months. In the period covered by the report the EBIT amounted to EUR -2.2 million. Earnings after taxes for the reporting period improved to EUR -1.3 million (previous year: EUR -1.8 million). Earnings per share for the first nine months are calculated at EUR -0.63. Sales were up 34% to EUR 28.5 million, versus EUR 21.3 million in the same period in the previous year. Owing to renegotiations, the figures for Lunaris Film will not yet be consolidated in fiscal year 2000. Sales for fiscal year 2000 as a whole are likely to grow by 19 % to EUR 40.2 million, with a probable EBIT of roughly EUR -3.5 million. That means EBIT targets for fiscal year 2000 now stand at more than 20% above forecasts made at the Annual Press Conference and the Annual Shareholders' Meeting. In the TV sector, the situation for orders in the pipeline remained solid. In the Movie Film sector, the company started production work on films that included "Leo & Claire" (directed by Joseph Vilsmaier) and "Buffalo Soldiers" (directed by Gregor Jordan, with main actors including Joaquin Phoenix). The restructuring of the Internet sector was completed with the founding of "Odeon New Vision GmbH" as a wholly-owned subsidiary of Odeon Film AG.

    The complete 9-month statement and the press releases accompanying this will be published today at www.odeonfilm.de.

    For more information please contact: Marc Bubeck, Investor Relations Odeon Film AG, Bavariafilmplatz 3, D-82031 Geiselgasteig Phone: 089/64 958-160, Fax: 089/64 958-115 Email: aktie@odeonfilm.de

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