JoWooD Productions Software AG
Ad hoc-Service: JoWooD Prod. Software english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Press Release ——– Rottenmann, 9. May 2001
JoWooD presents a succesfull First Quarter 2001
Continuation of dynamic growth
Once again, JoWooD Productions manages to top the expected turnover and revenue
significantly. Turnover for the first quarter 2001 was raised to EUR 6.9
million; distribution accounted for 30%. A sharp increase in publishing
activities (new releases and licence business) has positively influenced growth
figures.
EBIT amounted to EUR -0.8 million and was EUR 0.5 million above expectations.
The net result of the period was with EUR -0.2 million above budget as well.
Due to seasonal effects in the industry, the majority of turnover and revenue
are usually generated during the 4th quarter; the first quarter is used to be
the least performant one. Due to this seasonal effect, JoWooD has expected lower
figures for the period.
End of March JoWooD counts 211 employees compared to a 173 at the end of 2000.
JoWooD also expects turnover and revenue for the upcoming quarter to follow
expectations. “The Nations”, release is scheduled for mid-June, will be one of
the main contributors to successful figures in the second quarter. The release
of two top-titles for GameBoyColor – Happy Hippos and M&M’s MINIS Madness – will
be followed by the international release of the PC-game “The Sting!”.
In business year 2001 JoWooD plans to release 15 new titles, including
“IndustryGiant 2”.
The continuation of JoWooD’s dynamic growth will lead to a further increase in
turnover and revenue in the year 2001; the acquisition of Leisuresoft is
expected to have a positive impact on turnover in the following quarters.
For further Information contact:
Uwe Deisenhammer, CFO – Kristine Fessler-Brandl, Investor Relations
E-mail: investor@jowood.com
Tel: +43 3614-2966-0 Website: http://www.jowood.com
end of ad hoc announcement (c) DGAP 09.05.2001
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WKN: 074735; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
090810 Mai 01
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