DGAP-Adhoc: Axel Springer AG generates first-half EBITDA of EUR 261 million, 61 percent higher than the first half of last year, and raises its full-year forecast again




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20.07.10

DGAP-Adhoc: Axel Springer AG generates first-half EBITDA of EUR 261 million, 61 percent higher than the first half of last year, and raises its full-year forecast again

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Axel Springer AG / Change in Forecast/Preliminary Results

20.07.2010 12:14

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.

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Ad-hoc-Announcement pursuant to Section 15 of the German Securities Trading
Act (WpHG)

Axel Springer AG generates first-half EBITDA of EUR 261 million, 61 percent
higher than the first half of last year, and raises its full-year forecast
again

Based on preliminary figures, Axel Springer AG generated earnings before
interest, taxes, depreciation and amortization (EBITDA) of EUR 261.2
million in the first half of financial year 2010. Thus, the EBITDA was 61.0
percent higher than the corresponding year-ago figure of EUR 162.3 million.
At EUR 1,364.3 million, the consolidated revenues for the same period were
8.7 percent higher than the year-ago figure (H1 2009: EUR 1,254.8 million).
The continued dynamic growth of the Digital Media segment was a major
contributing factor to this increase.

In view of the higher-than-expected operating results in the first half of
2010 and the fact that the revenues and results of the Eastern Europe joint
venture with Ringier will be fully consolidated as of July 1, 2010, Axel
Springer AG anticipates that the EBITDA for the full year 2010 will be
significantly higher than previously expected. Assuming that the positive
market trends continue in the second half, the Management Board considers
it possible to generate an EBITDA on the level of the record figure
reported for financial year 2008 (EUR 486.2 million). In its previous
forecast, Axel Springer had expressed its expectation that the consolidated
EBITDA would be significantly more than 10 percent higher than the
prior-year figure (EUR 333.7 million). The Management Board also expects
significantly higher revenues for the full year 2010, especially in
consideration of the additional revenues to be contributed by the Eastern
Europe joint venture with Ringier in the second half.

Axel Springer AG will publish its complete interim report as of June 30,
2010 on August 5, 2010.

Berlin, July 20, 2010

Axel Springer Aktiengesellschaft
Axel-Springer-Straße 65
D-10888 Berlin

ISIN: DE0005501357; DE0005754238
WKN: 550 135; 575 423

Listed on the following stock exchanges: Regulated Market in Frankfurt am
Main (Prime Standard); over-the-counter markets in Berlin-Bremen,
Düsseldorf, Hamburg, Munich and Stuttgart.





Investor relations contact:
Claudia Thomé
+49 (0)30 2591-77421
claudia.thome@axelspringer.de








20.07.2010 12:14 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Axel Springer AG
Axel-Springer-Straße 65
10888 Berlin
Deutschland
Phone: +49 (0)30 2591-77421
Fax: +49 (0)30 2591-77422
E-mail: ir@axelspringer.de
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238
WKN: 550135, 575423
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

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Investor contact: Claudia Thomé
Tel: +49 30 2591 77421