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PR Newswire/Les Echos/
REVENUE FOR Q1 2008/09 (unaudited):
€27 m
Paris, 7th August 2008 - EUROPACORP (FR0010490920), producer and distributor of
feature films and one of Europe's leading independent film studios, today
announces its unaudited consolidated revenue to 30th June 2008, i.e. for the
first quarter of its 2008/ 2009 financial year.
Consolidated revenue - unaudited
Revenue (€ millions) Q1 2008/2009 Q1 2007/2008
International sales 2.0 1.8
Cinemas, France 1.5 0.6
Video, France 1.7 5
Television, France 18.2 7.5
Subsidies 0.3 0.9
Others 3.3 18.7
EuropaCorp Group 27.0 34.5
The Group's revenue for the first quarter of its 2008/2009 financial year
totalled 27 million euros, versus 34.5 million euros for the first quarter of
the previous financial year, which notably integrated exceptional executive
production revenue (written down under 'others') of 15.6 million euros.
Revenue for the first quarter of 2008/2009 essentially consisted of:
• French Television revenue of €18.2 million associated with the
opening
of seven major TV windows, including a repeat;
• International Sales revenue of €2 million, in the absence of any
high-
potential film being delivered over the quarter;
• French Box Office revenue of €1.5 million, with the release of three
films over the quarter (one coproduction, Les Hauts Murs, and two acquisitions,
Sagan and GAL);
• 'Other' revenue, consisting notably of income resulting from
partnerships signed, of €3.3 million.
The Group would like to remind one that its revenue is tied to the release
schedule of its films in their various forms, a schedule that can result in
significant variations in revenue per segment of activity from one quarter or
one half to the next. Revenue recorded over a quarter or half therefore has
little bearing on annual revenue.
For FY 2008/2009, given the current schedule of film and video releases this
year, the Group anticipates that second half revenue and profitability will
outstrip first half revenue and profitability.
Financial calendar
16th September 2008: Shareholders Meeting
13th November 2008: Revenue for the 1st half 2008/2009
A BOUT EUROPACORP
The EuropaCorp group produces and distributes films for the French and
international markets. Structured around the 'vertically integrated studio'
concept, its strategy aims to control each stage of the production-distribution
cycle of its ambitious and varied films. Since the start of its activity in 1999
, EuropaCorp has produced or co-produced 55 feature-length films.
For further information: www.europacorp-corporate.com
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2006 MoneyAM© |
