LA Waalre (pta001/25.07.2015/10:00) - La Waalre, July 24th, 2015 - Catalis SE, the worldwide service provider for the digital media and entertainment industry announces its financial results for the second quarter and first half of 2015.
The unaudited results for continuing operations for the first six months of fiscal year 2015 are as follows:
* Q2 revenues at Eur4.4m (2014: Eur5.6m),six month revenues Eur9.1m (2014: Eur10.6m)
* Q2 EBIT at Eur2.7m (2014: -Eur1.0m)
* Q2 operating loss before non-recurring items Eur0.151m (2014:Eur0.04m)
* EBIT first six months of 2015 Eur2.6m (2014: -Eur0.966m)
* Operating profit first six months before non-recurring items -Eur0.167m (2014:Eur0.03m)
* Profit from disposal of Testronic Belgium NV Eur2.9m (included in EBIT)
* Operating cash flow first six months -Eur0.228m (2014:Eur0.192m)
As previously announced the Group completed the sale of Testronic Laboratories Belgium NV for a total consideration of Eur8.17m on 30 April 2015 realising a profit of Eur2.86m on its disposal.
Kuju Entertainment contributed revenues of Eur2.32m (H1 2014: Eur3.75m), with an EBIT of Eur0.16m (H1 2014: profit of Eur0.19m) to the group over the first six months of the year and whilst revenues and EBIT are light, the business is operating sustainably. The studios are actively engaged on a number of work-for-hire contracts, which will continue into the coming quarters.
Testronic Laboratories delivered a steady performance over the first half year, with revenues of Eur6.83m (H1 2014: Eur6.82m) and an EBIT of Eur0.42m (H1 2014: Eur0.13m). The Testronic business has historically been seasonal, with peak demand being felt over Q3 and Q4, a trend that is anticipated to continue this year.
"These results are softer than we would have hoped. Kuju in particular has been trading in the context of a difficult market. The second-half of the year is historically a stronger period for the group and we have taken decisive action to move the UK operation to lower-cost premises (which will take effect in Q3). We are using the proceeds of the sale of Testronic Laboratories Belgium NV to make investment in our operating capabilities by upgrading our equipment and systems to benefit the long-term growth of the business whilst also reviewing other strategic investment opportunities that may include acquisitions or business combina-tions. The disposal of Testronic Belgium NV, whilst strategically sound, will affect the short term revenues and profits of the Group whilst we seek to replace them with new business", commented Dominic Wheatley.
The full half year report is available on the group's webpage "www.catalisgroup.com" as of July 25th.
For further information on Catalis SE and its wholly owned subsidiaries, Testronic Labs and Kuju, please refer to www.catalisgroup.com, www.testroniclabs.com and www.kuju.com.
For further questions please contact our Investor Relations team directly:
Catalis SE :Investor Relations Team
t: +49 89 24 41 18 - 223
f: +49 89 24 41 18 - 228
About Catalis SE:
Catalis is a worldwide leading outsourcing provider focusing on high-end technical services relating to the creation of digital content for the film, video games and software industries. Catalis offers both testing and development services. It operates through its wholly-owned subsidiaries Testronic Labs and Kuju from six locations throughout the US, the UK, Poland and the Netherlands.
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