May 2, 2017
Wild Bunch AG announces positive final results for FY 2016
- Revenues increase to €121.7m
- Growth in operating profit and decrease in administration costs allow for substantial EBIT-increase to €4,019k
- Group profit for the year1 at €489k
- Improvement in the company’s financial structure following a capital increase of €15m and the successful refinancing of the 2015 bond
Berlin/Paris, 2 May 2017 – Wild Bunch AG, a major independent pan-European film distribution and production services company, active in direct distribution, international sales, coproduction and electronic distribution of feature films and TV series, today announces key financial figures for the 2016 fiscal year.
The Group has achieved revenues of €121.7m, an increase of 2.3% over previous year, with noticeable increases in TV and SVOD revenue.
The increase in gross margin, from 14.4% to 15.9%, entails a 12.6% growth of the gross profit, which stands at €19,283k. The administration expenses decline by 7.4% to €22,768k. This results in a substantial EBIT-increase, which reaches €4,019k, versus €–2,881k in the 2015 fiscal year.
The net financial costs are also declining to €4,458k versus €5,786k in 2015 (-23%) reflecting the improvements on the level of net debt and on the interest rates.
The EBITDA2 for the year reaches €59,306k, increasing by €9,092k compared to the previous year. EBITDA represents 79% of the net consolidated financial debt, which amounts to €75,201k, resulting in a reduction of €6,737k compared to end of 2015.
Furthermore, the company successfully pursued the improvement of its financial structure thanks to a €15m cash capital increase and the issuance of an €18m bond, whose proceeds were mainly used to refinance the previous bond, at a significantly reduced interest rate (-400 bps). Wild Bunch’s equity ratio increased by 2.5 points to 24.7%.
Max Sturm, CFO of Wild Bunch AG, comments: “In a complex environment, characterized in particular by the ongoing management of the merger, Wild Bunch has achieved a satisfactory financial performance in line with expectations. Supplementary financial resources, currently being finalized, will enable Wild Bunch to invest even more in attractive content for the filmed entertainment market and to create the conditions for significant revenue growth in 2018.”
The full report on the fiscal year 2016 will be made available on the company’s website http://wildbunch.eu/investors/publications/ by mid-May 2017 at the latest. At the same time, the audited consolidated financial statements for fiscal year 2015 will be published.
1 before minority interests
2 Before depreciation and amortization of intangible assets (including film rights)
Thorben Burbach / Claudius Krause
Phone +49 (611) 205855-23