Constantin Medien AG: Constantin Medien AG raises its earnings forecast for the financial year 2017
Disclosure of an inside information according to Article 17 MAR
Keyword: Change in Forecast Constantin Medien AG: Constantin Medien AG raises its earnings forecast for the financial year 2017
Ismaning, November 29, 2017 - The Management Board of Constantin Medien AG raises its forecast for the net income attributable to shareholders in financial year 2017, which is now expected to range from EUR 15 million to EUR 18 million (previously: EUR 7 million to EUR 10 million) at unchanged exchange rates.
The reason for the increase in the forecast is the expectation of the Management Board that the majority of the shareholders of Highlight Communications AG will follow the proposal of the Board of Directors at the Annual General Meeting on December 1, 2017 and decide on a dividend of 0.30 Swiss francs per share. The Management Board passed today the relevant resolution for the 20.6 million Highlight Communications AG shares owned by Constantin Medien. If the Annual General Meeting decides to approve the dividend proposal, then Constantin Medien AG is also entitled to this dividend for the 8 million Highlight Communications AG shares settled with the loan from Stella Finanz AG.
The Management Board has maintained the previous forecast for Group sales of Constantin Medien AG of between EUR 250 million and EUR 280 million.
The Q3 2017 statement of Constantin Medien AG will be published today, Wednesday, November 29, 2017.About Constantin Medien AG: ISIN: DE0009147207, DE000A1R07C3WKN: 914720, A1R07CListed: Regulated Market (Prime Standard) in Frankfurt, Open Market in Berlin, Düsseldorf, Hamburg, Munich, Stuttgart and Tradegate Exchange
Contact:Contact PR: Constantin Medien AG, Michael Röhrig, Tel.: +49 (0) 89 - 99 500 461, Fax: +49 (0) 89 - 99 500 466, E-mail: email@example.com
Contact IR: Constantin Medien AG, Stéphane Winzenried, Tel.: +49 (0)89 - 99 500 803, Fax: +49 (0)89 - 99 500 371, E-mail: firstname.lastname@example.org
Constantin Medien AG, Münchener Straße 101g, 85737 Ismaning, Tel.: +49 (0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111
29-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Constantin Medien AG Münchener Straße 101 g 85737 Ismaning
Germany Phone: 089 / 99500-436 Fax: 089 / 99500-433 E-mail: email@example.com Internet: http://www.constantin-medien.de ISIN: DE0009147207, DE000A1R07C3 WKN: 914720, A1R07C Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
633971 29-Nov-2017 CET/CEST