Constantin Medien AG / Key word(s): Preliminary Results/Change in Forecast
07.11.2014 08:15

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ismaning, November 7, 2014 - After the first nine months 2014, the business development of Constantin Medien AG, overall, exceeds expectations due to a good third quarter. Preliminary Group sales for this period amount to EUR 361.6 million (9 months 2013: EUR 316.0 million). Preliminary Group earnings attributable to shareholders stand at EUR -8.0 million (9 months 2013: EUR -10.5 million). In particular, the Segments Sports and Film contributed to this positive development.

In the Segment Sports, earnings significantly improved due to the successful further development of the digital offers under the umbrella brand SPORT1 and the increase of advertising revenues. Simultaneously, cost of materials and licenses decreased. In the Segment Film, sales and earnings increased in all business areas, especially in Home Entertainment and TV exploitation.

In addition, the shareholders of the rights association in the Formula One proceedings against Bernard Ecclestone and others agreed on a new cost distribution, which will result in a reimbursement to Constantin Medien AG in the fourth quarter 2014.

Overall, the Management Board of Constantin Medien AG, from today's perspective, is assuming significantly improved Group earnings attributable to shareholders of EUR -7 million to EUR -9 million (previously: EUR -13 million to EUR -15 million) for the financial year 2014. The Management Board confirms its previous sales expectations for the financial year 2014: From today's perspective, he is still assuming Group sales of between EUR 460 million and EUR 500 million.

All the aforementioned data are preliminary. The consolidated interim financial statements of the third quarter 2014 will be published on November 13, 2014.

 

About Constantin Medien AG:

ISIN: DE0009147207, DE000A1R07C3 
WKN: 914720, A1R07C

Listed: Regulated market (Prime Standard) at the Frankfurt Stock Exchange, Regulated unofficial market at the Frankfurt Stock Exchange; Regulated unofficial market Berlin, Düsseldorf, Hamburg, München, Stuttgart
Contact PR:
Constantin Medien AG, Sabine Lais, Phone: +49 (0) 89 99 500 461, Fax: +49 (0) 89 99 500 466
Frank Elsner Kommunikation für Unternehmen GmbH, Phone: +49 (0) 5404 91 92 0,
Fax: +49 (0) 5404 91 92 29

Contact IR: 
Constantin Medien AG, Dr Peter Braunhofer, Phone: +49 (0) 89 99 500 436, Fax: +49 (0) 89 99 500 433

Constantin Medien AG
Münchener Straße 101g, 85737 Ismaning, Registered Office: Ismaning Phone: +49 (0) 89 99 500 0, Fax: +49 (0) 89 99 500 111

07.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Constantin Medien AG
              Münchener Straße 101 g
              85737 Ismaning
              Germany
Phone:        089 / 99500-436
Fax:          089 / 99500-433
E-mail:       ir@constantin-medien.de
Internet:     http://www.constantin-medien.de
ISIN:         DE0009147207, DE000A1R07C3
WKN:          914720, A1R07C
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service  

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