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PANTAFLIX AG with strong operational growth in the first half of 2021

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DGAP-News: PANTAFLIX AG / Key word(s): Half Year Results/Half Year Report
12.10.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

PANTAFLIX AG with strong operational growth in the first half of 2021

- Sales revenues more than quadrupled to EUR 22.7 million (H1/2020: EUR 4.9 million)

- Significant improvement in profitability - EBITDA EUR +3.7 million (H1/2020: EUR -3.3 million)

- Forecast confirmed

Munich, October 12, 2021. PANTAFLIX AG (GSIN: A12UPJ, ISIN: DE000A12UPJ7) has set the course for a successful full year in the first half of 2021, which was characterized by a return to normality after the production delays caused by the lockdown. PANTALFIX Group's sales revenues increased significantly to EUR 22.7 million in the period from January to June 2021, compared to EUR 4.9 million in the same period last year. Total operating performance plus other operating income increased to EUR 10.8 million in the reporting period (H1/2020: EUR 4.4 million). EBITDA improved to EUR +3.7 million after EUR -3.3 million in the first half of the previous year. Earnings before interest and taxes (EBIT) already improved to EUR -2.1 million after EUR -4.3 million due to the revenue recognition of part of the productions scheduled for completion in the full year. With EUR 6.5 million in cash and cash equivalents (December 31, 2020: EUR 7.2 million), the PANTAFLIX Group has a solid financial basis to pursue its growth strategy with the necessary financial flexibility.

Against the backdrop of the strong momentum in the first half of the year and with a view to the completions due by the end of 2021, which will have an impact on revenue, the Management Board confirms its forecast for 2021. It calls for a significant year-on-year increase in revenue to at least EUR 30.0 million (2020: EUR 7.8 million). At the same time, EBIT is expected to improve significantly to a level of EUR -2.5 million up to the operating break-even point (2020: EUR -7.1 million).

"We have passed the corona endurance test and, despite all challenges, have created a very good starting position for a successful full year. We are optimistic about the remaining months in fiscal 2021 and the near future. With PANTALEON Films, PANTAFLIX Studios, PANTAFLIX Technologies, Creative Cosmos 15 and PantaSounds, all subsidiaries of PANTAFLIX AG are working highly motivated and tirelessly to drive this dynamic development with their competencies, to identify business potential and to leverage it. All in accordance with our corporate motto: ENTERTAINMENT AS A PURPOSE," says Stephanie Schettler-Köhler, COO of PANTAFLIX AG.

The half-year report 2021 is available for download at www.pantaflixgroup.com.


About PANTAFLIX AG:
PANTAFLIX AG is a media and technology company with a clear growth strategy. Thanks to the efficient interlinking of all corporate divisions, the company achieves a high level of integration in terms of the production, distribution, exploitation and marketing of films and series as well as their associated rights. In addition to the classic film production business PANTALEON Films, the production unit PANTAFLIX Studios, the creative agency Creative Cosmos 15 and the music label PantaSounds, PANTAFLIX Technologies also forms part of the Group. On the one hand, it enables PANTAFLIX users to access an extensive range of films and series through the cloud-based video-on-demand platform (VoD) developed in-house. On the other hand, PANTAFLIX Technologies acts as an enabler and one-stop-shop solution for professional users as part of a B2B2C approach. SZ Cinemathek, Weltbild as well as Airbus and the German Armed Forces use PANTAFLIX for their customised streaming services. PANTAFLIX AG cooperates with well-known partners such as Amazon, Disney, Joyn, Netflix, StudioCanal, Warner Bros. and others. The Group is present in Berlin, Cologne and Munich. You can find PANTAFLIX AG on the stock exchange under XETRA ticker symbol PAL and ISIN DE000A12UPJ7.

For further information, visit www.pantaflixgroup.com.


PANTAFLIX Investor Relations
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 (0)89 1250903-30
E-mail: sh@crossalliance.de
Website: crossalliance.de

PANTAFLIX Media Relations
CROSS ALLIANCE communication GmbH
Jens Jüttner
Tel.: +49 (0)89 1250903-30
E-mail: jj@crossalliance.de
Website: crossalliance.de


12.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

PANTAFLIX AG

Holzstraße 30

80469 Munich

Germany

Phone:

+49 89 2323 85 50

Fax:

+49 89 2323 85 519

E-mail:

ir@pantaflix.com

Internet:

www.pantaflixgroup.com

ISIN:

DE000A12UPJ7

WKN:

A12UPJ

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange; BX

EQS News ID:

1239896


 

End of News

DGAP News Service

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