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.
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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

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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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