MIM MONDO IGEL MEDIA AG: MIM AG Ends 2009 with Losses


26.04.2010 18:58

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

According to the annual accounts prepared by the Board of Management, MIM AG has finished the financial year 2009 with a loss of EUR -397 k (2008: EUR 23 k).

The annual turnover was EUR 903 k (2008: EUR 1,875 k). Management attributes
much of this to the global downturn in demand for programming. The EBITDA dropped, but remained positive at EUR 264 k (2008: EUR 695 k), while EBIT fell negative to EUR -386 k (2008: EUR 40 k).

If current negotiations prove fruitful, management expects much improved results in 2010 with a small annual loss after depreciation and interest payments.

26.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

Language:     English
              Palmaille 124 B
              22767 Hamburg
Phone:        +49 40 306896 -0
Fax:          +49 40 306896 -68
E-mail:       info@mim.ag
Internet:     www.mim.ag
ISIN:         DE000A0BVUP8
WKN:          A0BVUP
Listed: Regulierter Markt in Hamburg; Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Open Market in Frankfurt  
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