_wige MEDIA AG, DE000A1EMG56

_wige MEDIA AG, DE000A1EMG56

07.03.2017 - 17:37:21

_wige MEDIA AG anticipates positive performance in 2017

Disclosure of insider information pursuant to Article 17 MAR from 7 March 2017 _wige MEDIA AG, ISIN: DE000A1EMG56 / WKN: A1EMG5

_wige MEDIA AG anticipates positive performance in 2017

Cologne, 7 March 2017. In the current financial year, _wige MEDIA AG expects revenues of around EUR 60 million, EBITDA of EUR 2.7 million and earnings before tax (EBIT) of EUR 1.5 million. In the medium term, revenues are expected to increase to around EUR 100 million, accompanied by an EBIT margin of 10%. The company's Management Board has today approved the respective medium-term planning. _wige MEDIA AG will benefit from a corporation and trade tax loss carryforward of around EUR 45 million at year-end 2016. In line with the forecast, the provisional, as yet unaudited, 2016 annual financial statements, which include the discontinued broadcast business respectively, report revenues of around EUR 60 million due to group restructuring and earnings before tax (EBT) of EUR -6.5 million. As part of the Group's restructuring process, the company sold _wige BROADCAST gmbh, a loss-making business with TV production for domestic and international broadcasters, associations and organisers, as well as _wige SOLUTIONS gmbh, a low-margin and capital intensive media technology business in their entirety. In the future, _wige MEDIA AG intends to grow in the scalable digital business, in the high-margin international project business, as well as in business with live events.

Company contact: _wige MEDIA AG Am Coloneum 2 50829 Cologne, Germany www.wige.de phone: +49 (0) 221_7 88 77_ 0 fax: +49 (0) 221_7 88 77_ 199 info@wige.de

Investor Relations BSK Becker+Schreiner Kommunikation GmbH Tobias M. Weitzel phone: +49 (0) 177_7 21 57 60 weitzel@kommunikation-bsk.de

07-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: _wige MEDIA AG Am Coloneum 2 50829 Köln

Germany Phone: +49 (0)221 7 88 77 0 Fax: +49 (0)221 7 88 77 199 E-mail: info@wige.de Internet: www.wige.de ISIN: DE000A1EMG56 WKN: A1EMG5 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

551309  07-March-2017 CET/CEST

@ dgap.de

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