ARBOmedia records deficit due to special effects
All in all, the ARBOmedia group obtained sales to the amount of 57.4 million Euro in the three quarters till the end of September 2008. This makes an increase of 13.0 per cent compared to the volume of sales last year of 50.8 million Euro. This sales increase is mainly attributed to the division "internet", which obtained an increase in sales of 13.3 million Euro.
The gross profit on sales rose to 9.7 million Euro, after the result was 8.5 million Euro end of September 2007. However, the group's result dropped down on -3.3 million Euro compared to -0.6 million Euro in the same period of last year. This result was put under pressure by an adjustment for a claim for indemnification in Spain to the amount of 1.1 million Euro and by an initially considered latent tax expenditure to the amount of 4.7 million Euro. This tax expenditure is based on income statement-related consolidating entries. Consolidation profits to the amount of 2.9 million Euro had favourable effects on the result. This can mainly be attributed to the sale of ARBOmedia.net Praha, spol. s.r.o.
Due to the negative result the net loss increased to 39.2 million Euro (last year: 35.3 million Euro) to 30 September 2008. The equity capital of the group dropped from 4.0 million Euro to 0.2 million Euro.
The means of payment of the ARBOmedia group rose - also due to received selling prices of enterprises - in total from 6.8 million Euro to 7.8 million Euro.
For the fiscal year 2008 the management of the ARBOmedia group expects an overall deficit. The reasons for this development are the above mentioned special effects as well as the effects of the financial crisis on the market conditions and the related business development of the group. In addition, further restructuring measures can have influence on the result.
About ARBOmedia AG
ARBOmedia AG is the largest independent marketing agency in Europe. The client portfolio for the core business - in the field of marketing of electronic media - currently encompasses more than 600 websites, 33 TV networks and 12 radio stations. In addition to this there are 60 magazines and an increasing number of out-of-home media. The wide range of media portfolio makes ARBOmedia experts in the sector of media convergence and cross-media solutions. As an independent marketing agency, the company is the market leader in strong growth countries situated in central and southern Europe.
The shares for ARBOmedia AG are listed in the Prime Standard of the German Stock Exchange. By the end of December 23rd 2008, the switch into to General Standard segment will be effective.