JoWooD Productions Software AG
JoWooD Prod. Software english
JoWooD Productions Software AG announces results for first quarter
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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JoWooD Productions Software AG announces results for first quarter 2002
Successful start into business year 2002
– Doubling of sales to EUR 14 m, significant improvement of result
– The Guild and Cultures 2 – two new titles among the top ten of German
MediaControl Charts
– Extensive Release-Pipeline promising positive outlook for business year 2002
JoWooD Productions Software AG, a company quoted on the Vienna Stock Exchange,
attained a significant rise in sales and results for the first quarter of 2002.
Ensuring the company is clearly back on successful track after a temporary slow
down of demand in the fourth quarter of 2001.
In the first three months of 2002 sales amounted to EUR 14 m, surpassing the
previous year’s figures by 102% (2001: EUR 7 m) for the same period. EBIT rose
to EUR 0.2 m (2001: EUR -0.8 m) thereby surpassing all expectations and posting
a positive operating result for the first quarter. A significant positive
contribution to the Group’s earnings was made by the distribution subsidiary
Dynamic Systems. The basis for this encouraging turnaround was the extensive
restructuring measures already introduced last year as well as an enhancement of
the customer base. The Group result was improved in the first quarter to EUR –
0.18 m (+ 24%). JoWooD has thereby fully overcome the one-off events that had
affected the 2001 result.
With the release of The Guild JoWooD has delivered a very successful opening of
the releases year 2002. After only one week this demanding business game has
come third in the German MediaControl Charts. Also Cultures 2, launched end of
March 2002, ranked among the top ten of the German MediaControl Charts. For the
first time in its history JoWooD managed to have two games simultaneously among
the top ten of one of Germany’s most important charts.In the second quarter,
major product releases continue, amongst others the top games HotelGiant,
Michael Schumacher/Racing World-Kart 2002 as well as IndustryGiant 2.
Further information:
Uwe Deisenhammer, CFO / Kristine Fessler-Brandl , Investor Relations
E-mail: investor@jowood.com
Tel: +43 3614-2966-1021/Fax: +43 3614-2966-1023
http://www.jowood.com
end of ad-hoc-announcement (c)DGAP 07.05.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Essential figures for the first quarter 2002:
EUR 000 Q1/2002 Q1/2001 changes in %
Sales 13,952 6,901 +102
EBIT 219 -794 +128
Net income -166 -1,124 +85
Group result -182 -239 +24
Number of Employees 273 211 +29
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WKN: 074735; ISIN: AT0000747357; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
070747 Mai 02
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