JoWooD Productions Software AG
JoWooD Prod. Software english
2002 interim results: JoWooD performing well against budget
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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2002 interim results: JoWooD performing well against budget
– Sales up 58% to EUR 28.7 million
– EBIT up to EUR 1.1 million
– 14 new releases in first half-year
– IndustryGiant 2 fourth JoWooD title to hit top ten of German charts
– Positive outlook for 2002 with a strong product portfolio
Thanks to an extensive new release schedule, JoWooD Productions Software AG, a
games publisher listed on the Vienna Stock Exchange, has continued the positive
trends of the current financial year on into the second quarter. Sales for the
first half-year of EUR 28.7 million were 58% up on the comparable figure for the
previous year (EUR 18.1 million). Apart from various smaller projects such as
Car Tycoon and Aquanox, this increase in sales was attributable mainly to the
company’s 14 new releases during the current financial year – a list headed by
the hit games IndustryGiant 2, HotelGiant, The Guild and Cultures 2. Following
the company’s takeover of the activities of Ravensburger Interactive, various
titles including Arx Fatalis and Beam Breakers have also been released on sched-
ule on the German market. Due to the postponing to the third quarter of Michael
Schuhmacher Racing World for PS1 and a new low-price series (“OranzzSoft”), the
sales budgeted for these titles will only be realized in the next quarter.
EBIT of around EUR 1.1 million represented a budgeted increase compared to the
previ-ous year (2001: -EUR 0.4 million). In line with expectations, net income
for the period be-fore minorities of -EUR 0.012 million was also above the
previous year’s level (2001:-EUR 1.5 million). Thanks to the improved
profitability of Dynamic Systems, a marketing subsidiary whose results suffered
the impact of the insolvency of its largest customer in 2001, payments to
minorities of EUR 0.062 million were also significantly below the previous
year’s level. Overall the Group can be considered to have broken even, with a
con-solidated result for the first half-year of EUR 0.05 million.
end of ad-hoc-announcement (c)DGAP 22.08.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Outlook for 2002
On the basis of its enhanced product release schedule, JoWooD expects the
increase in sales and results for the year 2002 as a whole to be on budget.
Approximately another 15 new games are scheduled for release before the end of
this year, including potential top sellers like Gothic 2, Chaser, Aquanox
Revelation and Santa Claus Jr. Advance. Over and above this, in the second half
of 2002 all the company’s main products for the year 2002 will also be marketed
internationally. The positive development of business will be underscored by the
general dynamism of this industry. Against the background of the recent in-
troduction of a new generation of consoles, the games market world-wide is at
the begin-ning of a strong growth cycle that is expected to last several years.
Due to the growing proportion of console products in JoWooD’s portfolio – four
console games are projected for 2002 – the company will already be in a position
to benefit from this trend during the current financial year. The Ravensburger
deal is also expected to make a substantial con-tribution to both sales and
results for the current year. Of the titles in the extensive Ravensburger
portfolio, the strategy game 1914 was launched in mid August, to be followed in
mid October by Archangel. The remaining products are scheduled for release in
2003.
Key Figures 2002, 1st Half-Year according to IAS
EUR 000 1-6/2002 1-6/2001
Sales 28,695 18,124
EBIT 1,082 -429
Net income before minor. -12 -1,456
Group result 50 1,033
Employees 280 261
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
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WKN: 074735; ISIN: AT0000747357; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
220752 Aug 02
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