Wild Bunch AG: Wild Bunch AG announces positive final results for FY 2016

Berlin (pta002/03.05.2017/00:02 UTC+2) PRESS RELEASE

Wild Bunch AG announces positive final results for FY 2016

- Revenues increase to Eur121.7m
- Growth in operating profit and decrease in administration costs allow for substantial EBIT-increase to Eur4,019k
- Group profit for the year* at Eur489k
- Improvement in the company's financial structure following a capital increase of Eur15m and the successful refinancing of the 2015 bond

Berlin/Paris, 2 May 2017 - Wild Bunch AG, a major independent pan-European film distribution and production services company, active in direct distribution, international sales, coproduction and electronic distribution of feature films and TV series, today announces key financial figures for the 2016 fiscal year.

The Group has achieved revenues of Eur121.7m, an increase of 2.3% over previous year, with noticeable increases in TV and SVOD revenue.

The increase in gross margin, from 14.4% to 15.9%, entails a 12.6% growth of the gross profit, which stands at Eur19,283k. The administration expenses decline by 7.4% to Eur22,768k. This results in a substantial EBIT-increase, which reaches Eur4,019k, versus Eur-2,881k in the unaudited 2015 accounts.

The net financial costs are also declining to Eur4,458k versus Eur6,065k in 2015 (- 26.5%) reflecting the improvements on the level of net debt and on the interest rates.

The EBITDA** for the year reaches Eur59,306k, increasing by Eur9,092k compared to the previous year. EBITDA represents 79% of the net consolidated financial debt, which amounts to Eur75,201k, resulting in a reduction of Eur6,737k compared to end of 2015.

Furthermore, the company successfully pursued the improvement of its financial structure thanks to a Eur15m cash capital increase and the issuance of an Eur18m bond, whose proceeds were mainly used to refinance the previous bond, at a significantly reduced interest rate (- 400 bps). Wild Bunch's equity ratio increased by 2.5 points to 24.7%.

Max Sturm, CFO of Wild Bunch AG, comments: "In a complex environment, characterized in particular by the ongoing management of the merger, Wild Bunch has achieved a satisfactory financial performance in line with expectations. Supplementary financial resources, currently being finalized, will enable Wild Bunch to invest even more in attractive content for the filmed entertainment market and to create the conditions for significant revenue growth in 2018."

The full report on the fiscal year 2016 will be made available on the company's website http://wildbunch.eu/investors/publications/ by mid-May 2017 at the latest. At the same time, the audited consolidated financial statements for fiscal year 2015 will be published

*before minority interests
**before depreciation and amortization of intangible assets, including film rights

Contact:
cometis AG
Thorben Burbach / Claudius Krause
Phone +49 (611) 205855-23
Email: burbach@cometis.de

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Emitter:	Wild Bunch AG Knesebeckstraße 59-61 10719 Berlin Germany
Contact Person:	Sigrid Oßwald
Phone:	+49 30 880 91-770
E-Mail:	s.osswald@senator.de
ISIN(s):	DE000A13SXB0 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart