CINEMEDIA AG
Berliner Synchron Holding AG: significant revenue growth in 2014; earnings over 0.5 million. Agreement with the major shareholder reached; negotiation finalized for loan at very favorable conditions. Focus for 2015 on growth and higher profit margin.
Berliner Synchron Holding AG / Key word(s): Preliminary Results/Financing Berliner Synchron Holding AG: significant revenue growth in 2014; earnings over 0.5 million as planned. Agreement with the major shareholder reached; negotiation finalized for loan at very favorable conditions. Focus for 2015 on growth and higher profit margin. Berlin, 27 February 2015 – The positive earnings effects anticipated by the board from the operating development, in particular from the disclosure of hidden reserves, were confirmed in the course of the ongoing finalization work for the fiscal year 2014. These effects arise from the completed transfer of operational activities into the 100% subsidiary Berliner Synchron GmbH and lead to a further reduction of balance sheet risks as well as stronger equity. Loans on favorable terms extended; dilution of shares avoided The executive board of Berliner Synchron Holding AG is therefore also able to refute the persistent speculations of the stock market that the loan would be converted into shares through a capital increase, which would have led to a significant dilution of shares and earnings per share. Revenue growth of around 15 percent in fiscal 2014; net income of 0.5 million euros The Berliner Synchron Holding AG’s annual profit for 2014 will be about 0.5 million euros with a capital of 1,794,196 euros as previously announced. This comes from the operating result and extraordinary effects in the context of the completed restructuring. How high these extraordinary effects actually are will be seen when the annual financial statements are approved in connection with the proposed medium-term corporate planning. In the current fiscal year 2015, the focus is squarely on a higher profitability of contracts The foundations have been laid for increasing margins in 2015. There are many interesting up-coming projects, especially in the cinema segment. Berliner Synchron will pay even more attention to the profitability of individual orders. In addition, it can be seen that dubbing services continue to be in high demand – although competitive pressure admittedly also remains high, especially in the TV segment. Streamlining internal work processes and thus the cost structure is therefore on the agenda in the new fiscal year, which will have a positive impact on earnings in the medium-term. Preparations underway for relocation This situation presents significant opportunities since not only can the internal operations be greatly simplified by a new organizational structure, Berliner Synchron will receive a technology makeover. Managing director Marcus Dröscher made the following statement on this issue: “With a view to continuously reducing project cycle times by day-in-date productions and accelerated dubbing it is our responsibility to take care that the creative process does not suffer. The voice actors should not speak faster and the authors should not write faster, but we can do more to simplify, network, and digitize the processes running in the background. We are therefore going to develop a system that simplifies the organization, provides more transparency and makes us much more efficient. Our responsibility is to maintain a continued high quality of dubbing. We owe it to our customers.” Upcoming Events March 2015 Press release relocation of Berliner Synchron About Berliner Synchron Berliner Synchron is the origin of dubbing services in Germany for the professional language adaptation and subtitling of international feature films and television productions, corporate media and multimedia content, as well as barrier-free localization solutions. As one of the leaders of the German dubbing industry with more than 60 full-time employees, the company has built up an excellent world-wide reputation over its 63 years and has a track record of more than 7,000 localized projects. With a passion for language and sound as well as respect for the creative invention of the original, this well-established company has been devoted to one purpose since its founding in 1949: To feel the original. For more information: http:// www.berliner-synchron.de Contact: Berliner Synchron Holding AG 2015-02-27 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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