Press release BoxID: 265466 (Production Resource Group AG)
  • Production Resource Group AG
  • Bredowstr. 34
  • 22113 Hamburg
  • Contact person
  • Lars Schwarz
  • +49 (40) 670886-190

EBITDA raises by 15 % whilst sales decreases slightly

(PresseBox) (Hamburg, ) PROCON MultiMedia AG (ISIN: DE0005122006, Prime Standard), an internationally leading full-service provider of technical equipment for events, film and TV productions, could assert its position inspite of a decrease of sales by 4.7 % in the first quarter 2009. At sales of EUR 20.3 million in the first quarter 2009 (previous year EUR 21.3 million) the EBITDA could be increased from EUR 2.5 million to EUR 2.9 million. The EBIT amounts to EUR -0.2 million and consequently achieves the previous year's stage.

Based on the first-time capitalisation of deferred tax assets of EUR 1.6 million, the profit amounts to EUR 0.7 million in the first quarter 2008. Caused by a deffered tax liability of EUR 0.2 million, the result amounts to EUR -1.2 million for the first quarter 2009. As a result, earnings per share amount to EUR -0.07 (previous year EUR 0.04 per share).

Projects served by Procon in the first quarter of 2008 have included amongst others: the Echo Awards, Berlin, the 'Equitana', Essen, and the opening of the Rhein-Neckar-Arena, Sinsheim. Recently, Procon served the Eurovision Song Contest, Moscow, an the final of the TV-Show Germany's next Topmodel.