JoWooD Productions Software AG
JoWooD Prod. Software english
JoWooD announces strong increase in turnover and results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Press Release ————– Rottenmann, November 9, 2001
JoWooD announces strong increase in turnover and results
– Sustainable surplus in turnover (EUR 27.4 million) and
profit (EUR 1.8 million )
– Successful product releases in Q3 2001
– Positive market expectations for forthcoming Christmas business
JoWooD Productions Software AG today announced significant growth in turnover
and results in the first three quarters of 2001. At the end of the third quarter
as of 30 September 2001 turnover was up to EUR 27.4 million. Turnover revenues
increased sixfold compared to the same period in 2000,despite postponements in
the release of World War III to Q4 following events in the US in September.The
operating result/EBIT amounted to EUR 0.277 million after three quarters,
surpassing the previous year’s performance significantly. The results also
surpassed the Company’s own projections for the end of the third quarter, which
had forecast a slight negative EBIT.
The Group result amounted to EUR 1.8 million, an increase of EUR 1.7 million
from the same period 2000.
Prospect
With further releases of all game genres in the fourth quarter, JoWooD is best
prepared for the forthcoming Christmas business in the fourth quarter.
A special highlight in JoWooD’s release list for the fourth quarter is the
racing simulation “Rally Trophy”. Since the demo was released, over 150,000
users had already visited JoWooD’s website to download the demo within 48 hours.
Based on the first-rate development so far, JoWooD is expecting further
significant growth of turnover and profit for the whole business year 2001.
Further information:
Uwe Deisenhammer,CFO / Kristine Fessler-Brandl,Investor Relations
Nisrien Hussein,Corporate Public Relations & Communications
E-Mail : investor@jowood.com / Tel : +43 3614-2966-21 / Fax: +43 3614-2966-23
end of ad-hoc-announcement (c)DGAP 09.11.2001
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WKN: 074735; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
090751 Nov 01
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