press release
The Splendid Group in the first half of 2024
(Cologne, August 30, 2024) - The Splendid Group recorded growth in both consolidated revenue and consolidated EBIT in the first half of 2024 and is thus in line with the full-year forecast communicated for 2024 as a whole.
Group sales increased to EUR 21.5 million compared to the same period of the previous year (previous year: EUR 18.3 million). The sales trend was mainly influenced by growth in the licensing and theatrical exploitation stages, which more than compensated for the decline in sales in the Home Entertainment and Services segments. Taking into account the disproportionately high increase in production and distribution costs in connection with the change in the sales mix compared to the same period of the previous year on the one hand and a significant decline in administrative expenses and higher other operating income on the other, the Group generated EBIT of EUR 1.2 million (previous year: EUR 1.0 million). At 5.6%, the Group EBIT margin was at the previous year's level.
A consolidated profit for the period of EUR 0.9 million (previous year: EUR 0.6 million) was generated. Earnings per share therefore amounted to EUR 0.09 (previous year: EUR 0.06).
The Group's equity increased to EUR 12.7 million as at the reporting date (31.12.2023: EUR 11.8 million) due to the consolidated net profit for the period, meaning that the equity ratio rose to 41.1% as at the reporting date (31.12.2023: 35.4%).
Taking into account segment sales planning and the expected cost trends in the second half of 2024, the Executive Board continues to expect consolidated sales in the range of EUR 41.0 million to EUR 46.0 million and consolidated EBIT in the range of EUR 3.0 million to EUR 4.0 million.
The half-year financial report 2024 is now available for download at www.splendidmedien.com.