Catalis SE: Catalis SE releases financial figures for fiscal year 2011 and for first quarter 2012 - digital games distribution holds back 2011 financial performance -2012 Q1 ahead of budget

Catalis SE  / Key word(s): Final Results

25.05.2012 11:24

Dissemination 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.

---------------------------------------------------------------------------

Ad hoc release: Catalis SE releases financial figures for fiscal year 2011
and for first quarter 2012

- digital games distribution holds back 2011 financial performance
-2012 Q1 ahead of budget

Eindhoven, May 25, 2012 - Catalis SE, the worldwide service provider for
the digital media industry, is pleased to announce the financial results
for fiscal year 2011. The audit is almost completed and we do not expect
any significant change in numbers. 2011 was a difficult year and although
revenues increased, market pressures led to a decline in EBIT. Unaudited
figures:

  - Group revenues for 2011 of EUR 26.4m (2010: EUR 25.8m)

  - EBIT (before non-recurring costs) was a loss of EUR 2.2m (2010: loss
    EUR 0.9m)

  - Non-recurring costs totalled EUR 1.3m (2010: EUR 0.8m)  

  - EBIT after non-recurring costs was a loss of EUR3.5m (2010: loss
    EUR1.7m)

  - Pre-tax income amounted to a loss of EUR 3.8m (2010: loss EUR 2.6m).

The above non-recurring costs relate to write off one project which was
sold to a third party and a provision made for certain onerous contract. In
accordance with IFRS regulations the board decided to derecognise the tax
assets. Accordingly, deferred tax assets were reduced by EUR 3.6m, this had
no cash flow effect. Therefore, after tax income for the period amounted to
EUR -7.4m (2010: EUR -2.4m). This equals a loss per share of EUR -0.17
(2010: loss EUR -0.06). As of December 31, 2011, the Group's balance sheet
total amounted to EUR 25.4m (2010: EUR 27.2m).

In 2011 Testronic was profitable but at a lower level than 2010. Kuju
recovered from material losses in 2010 to nearly break even in 2011.
However, the business performance of DDP was particularly disappointing.
Like its competitors, DDP noticed a material weakening in demand in the
Playstation Network and XBOX Live Arcade markets over the winter period.
DDP also experienced delays in shipping product. The board acknowledges
these short comings and has already restructured DDP.

The Group made good progress in 2012 Q1, traditionally the least active
quarter in the year, with performance ahead of budget. Based on the trading
experienced in Q1, we forecast for the full fiscal year 2012 revenues of
between EUR 28.0 m and EUR 30.0m and an EBIT between EUR 0.8m and EUR 1.2m.

The full Annual Report 2011 of Catalis SE will be available on our website
www.catalisgroup.com.

For further information on Catalis SE and its wholly owned subsidiaries,
Testronic Labs, DDP and Kuju, please refer to www.catalisgroup.com,
www.testroniclabs.com, www.doublesixgames.com and www.kuju.com.

For further questions please contact our Investor Relations team directly:

Catalis SE
Investor Relations Team
t: +49 89 24 41 18 - 413
f: +49 89 24 41 18 - 499
info@catalisgroup.com
    

Catalis SE:
Catalis is a worldwide leading outsourcing provider focusing on high-end
technical services relating to the creation of digital content for the
film, video games and software industries. Catalis offers both testing and
development services. It operates through its wholly-owned subsidiaries
Testronic Labs, Kuju and DDP from ten locations throughout the US, the UK,
Poland, Belgium, the Netherlands and the Czech Republic.

Forward-looking statements:

This press release contains forward-looking statements. These statements
are based on current expectations, estimates and projections of Catalis SE
management and information currently available to the company. The
statements involve certain risks and uncertainties that are difficult to
predict and therefore Catalis SE does not guarantee that its expectations
will be realized. Furthermore, Catalis SE has no obligation to update the
statements contained in this press release.


25.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Catalis SE
              Geldropseweg 26-28
              5611 SJ Eindhoven
              Netherlands
Phone:        +31 (0)40 2135930
Fax:          +31 (0)40 2135604
E-mail:       info@catalisgroup.com
Internet:     www.catalisgroup.com
ISIN:         NL0000233625
WKN:          927093
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------