BKN International AG

  • WKN: 529070
  • ISIN: DE0005290704
  • Land: Germany

Nachricht vom 26.04.2007 | 08:00

BKN International AG: Interim Results for the six months to 31 March 2007 (Record Earnings)


BKN International AG / Half Year Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------

Cologne, 26th. April 2007 – BKN International AG, a global animation
company engaged in the distribution and marketing of animated children’s
television programmes and related consumer products, that has been listed
on the Deutsche Boerse of the Frankfurt Stock Exchange since March 2000 and
quoted on the AIM market of the London Stock Exchange since December 2003,
today reports its Interim Results for the six months ended 31 March 2007
with record net earnings for the Group (the Company and its subsidiaries).
These accounts have been prepared subject to all the International
Financial Reporting Standards (IFRS) in force at 31 March 2007.

Financial Highlights

Turnover +13% 
1.Half 2006  7,18 million Euro 
1.Half 2007  8,13 million Euro 

EBT +45% 
1.Half 2006  1,45 million Euro 
1.Half 2007  2,11 million Euro 

Net Income +34% 
1. Half 2006  1,42 million Euro 
1. Half 2007  1,90 million Euro 

EPS +34% 
1. Half 2006  0,09 Euro 
1. Half 2007  0,12 Euro



Financial Detail

1.) Turnover increased to Euro 8.13 million (2006: Euro 7.18 million), an
increase of 13%

2.) Total expenses amounted to Euro 5.47 million (2006: Euro 5.48 million)

3.) Profit before tax increased 45% to Euro 2.11 million (2006: Euro 1.45
million)

4.) Net income increased 34% to Euro 1.90 million (2006: Euro 1.42 million)

5.) Earnings per share increased 34% to Euro 0.12 per share (2006: Euro
0.09 per share)

6.) Company invested Euro 7.3 million in Film Rights in the period (2006:
Euro 7.9 million )

7.) Cash in hand increased to Euro 6.231 million from Euro 1.65 million at
30 September 2006

8.) Film Assets on the balance sheet rise by 16% or Euro 5.7 million to
Euro 42.3 million since 30 September 2006

9.) Shareholder’s equity increased 7% to Euro 30.5 million from Euro 28.64
million at 30 September 2006


Information and Explaination of the Issuer to this News: Activities The Company is focused on 5 major areas and projects on a global scale: 1. Legend of the Dragon - this property, now consisting of 39 episodes for global distribution, has now reached Euro 9.8 million in turnover and continues with the launches of DVD and videogame releases in 2007 on PSP, PS2 and Nintendo Wii systems. 2. Zorro: Generation Z - this property, consisting of 26 episodes plus a film will be delivered later this year and begin airing in 2008. Major broadcasters from Italy to Brasil have signed up. 3. Dork Hunters from Outer Space - this property, consisting of 36 episodes plus a film will likewise as Zorro be delivered later this year and begin broadcasting in spring 2008. Major broadcasters from Germany to Russia have signed up and a master toy line from Character Group has been secured. 4. Films - this list of great titles including Jungle Book - Rikki Tikki Tavi to the Rescue, A Christmas Carol - Scrooge’s Ghostly Tales and The Prince and the Pauper - Double Trouble produced initially for direct-to-DVD distribution have created a new revenue stream, and steady monthly cash flow, for the Company. 5. Catalogue - the Company now owns the 6th largest library of animation for global consumption with nearly 2,000 episodes providing the Company with a reliable and valuable perpetual asset. Outlook Allen Bohbot, Group CEO states 'These record earnings for the first half of fiscal 2007, on top of record earnings recently published for full year 2006, have given the Company a sound foundation and confidence in the business. Europe, North America, Asia, Latin America and Africa/Middle East are all contributing to turnover and we expect each of our operating subsidiaries to be profitable in fiscal 2007. We believe that our key product offerings will lead to strong revenues for the balance of 2007 and into 2008 and 2009.' Wayne Mowat, Group CFO, adds 'Our costs are under control, our people are professional and our vendors are proven and established. Our film rights are conservatively valued on the balance sheet and we feel confident to reach future goals.' Copies of the interim financial statement have been posted at the Company’s website (www.bknkids.com) and at the website of the Deutsche Boerse. Further copies are available from the Company's Registered Office in Germany at Im Mediapark 8, 50670 Koln Germany and in the United Kingdom at BKN New Media Ltd, 77 Kingsway, London WC2B 6SR. Notes to editors: Enquiries: BKN International AG Allen Bohbot, Chief Executive Officer Tel: +44 (0)20 7269 8683 allen.bohbot@bknkids.com Wayne Mowat, Chief Financial Officer Tel: +44 (0)20 7269 8687 wayne.mowat@bknkids.com Sascha Ziemann, Finance Manager Tel: +49 221 5540 5190 sascha.ziemann@bknkids.com Martina Michels Tel: +49 221 5540 5191 Martina.michels@bknkids.com Laura Tapias, Managing Director Tel: +34 93 368 18 00 laura.tapias@bknkids.com Nicola Andrews, Managing Director Tel: +44 (0)20 7269 8677 Nicola.andrews@bknkids.com Matthew Graham-Clare, Managing Director Tel: +44 (0)20 7269 8678 matthew.graham-clare@bknkids.com www.bknkids.com Nominated Adviser & UK Broker: Hanson Westhouse Limited Louis Castro / Richard Baty Tel: +44 (0) 20 7601 6100 louis.castro@hansonwesthouse.com richard.baty@hansonwesthouse.com CloseBrothers Seydler AG in Germany Designated Sponsor Henriette Domhardt Tel: +49 69-92054-137 henriette.domhardt@cbseydler.com About BKN: BKN International AG is a global animation company engaged in the distribution and marketing of animated children’s television programmes and the marketing of related consumer products (licensing and merchandising) in all forms. BKN has worked on numerous successful animation projects. The Company is currently listed on the Deutsche Bourse and AIM and it operates all over the world. BKN has successfully negotiated distribution deals in over 80 countries and territories in the children’s programming market. The Company’s Film Library includes: Legend of the Dragon, Robin Hood, Kong - The Animated Series, Zorro: Generation Z, Kong - King of Atlantis, Roswell Conspiracies, Kong II - Return to the Jungle, Dork Hunters from Outer Space, A Christmas Carol, Jungle Book DGAP 26.04.2007 ---------------------------------------------------------------------- Language: English Issuer: BKN International AG Im Mediapark 8 50670 Köln Deutschland Phone: +49 (0)221 55 40 51 90 Fax: +49 (0)221 55 40 545 E-mail: investor-relations@bknkids.com www: www.bknkids.com ISIN: DE0005290704 WKN: 529070 Indices: Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service

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