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ots Ad hoc-Service: CinemaxX AG <DE0005085708> CinemaxX AG announces 9-month results: Result of DM 8.0 million, weaker final quarter expected
Sales up by 19.2 % to DM 246.4 million

Hamburg (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
The Hamburg-based company CinemaxX AG reports a positive
consolidated result of DM 8.0 million for the first nine months of
the 1999/2000 financial year (ending 30.6.) (previous year: DM 0.1
million). Sales revenues were up by 19.2 % to DM 246.4 million, with
gross performance rising by 17.4 % to DM 271.1 million.
EBITDA improved by 21 % to DM 20.3 million (previous year DM 16.8
million). The operating result (EBIT) was approximately doubled
compared with the previous year, rising by DM 2.5 million to DM 4.8
million.
The total number of cinema visitors rose by 12.6 % to 14.6
million. The films being shown in January and February in particular
were of a very high quality, boosting audiences as a result. Between
January and March, the group inaugurated three further multiplex
cinemas with a total of 6,400 seats in Augsburg, Trier and Lucerne
(Switzerland).
Experience has shown that audience totals for the current final
quarter will experience a seasonal decline and do not traditionally
improve the result. In the light of this situation, the result for
the year so far does not provide any guarantee of a similar result
for the financial year as a whole. However, the Board of Management
is confident that the previous year's figure can be bettered.
The funds of some DM 60 million accrued by the company as a result
of the capital increase will be earmarked for accelerating the
group's international spread within Europe. However, the particular
emphasis of its activities is on measures aimed at consolidating the
cinema market, in order to boost the group's long-term prospects for
earnings.
The newly created Foreign Operations Division, represented at
board level by the current Managing Director Wim Oude Kotte, reflects
the high priority being attached to foreign expansion and its
strategic importance. This development thus lends added impetus to
CinemaxX AG's objective of building on its position as a leading
European player.
Queries:
Ernst-Günter Surkus, Investor Relations; Tel. +49-40-45068-120,
Fax +49-40-450 68-218 E-Mail:  ersu@cinemaxx.de
Thomas Schulz, Press; Tel. +49-40-45068-181, Fax +49-40-450 68-209
E-Mail:  thsc@cinemaxx.de
End
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