Munich, June 10, 2015

Constantin Medien AG reaffirms its expectations for the 2015 financial year
  • Annual General Meeting of the media company in Munich
  • CEO Bernhard Burgener: "Investments in programming, production and multimedia platforms in the Sports Segment economically paying off"
  • Better perception by the capital market set as goal

The Management Board of Constantin Medien AG has confirmed its economic targets for the full year 2015 at today's Annual General Meeting in Munich. Following a good first quarter, the media company has set a "solid basis" to continue the positive trend from the previous year and to be profitable at all earnings levels, announced CEO Bernhard Burgener to the shareholders. Based on unchanged currency conditions, the Group is still assuming sales to range between EUR 450 million and EUR 490 million in 2015 (2014: EUR 487.8 million) and earnings attributable to shareholders to range between EUR 0 million and EUR 2 million compared to EUR -3.3 million in the previous year.

To this end, Constantin Medien expects a clear sales and earnings increase in the Sports Segment (SPORT1 platforms, PLAZAMEDIA group) in the current year versus 2014. In his statements, CEO Bernhard Burgener emphasized the progress of the realignment in the Sports Segment: "Today, SPORT1 is Germany's leading 360° multimedia sports platform. We have succeeded in monetizing the digital transformation launched in prior years, with associated high investments made in programming, production and multimedia platforms in the form of sales growth and earnings improvements."

The Group's operational upwards trend should also be reflected in a better perception on the capital market. CEO Bernhard Burgener drew attention to the most recent positive development of the Constantin Medien shares, which have gained in value by a good 30 percent since the beginning of the year, thereby performing better than the relevant comparative indices. "The share price performance over the past months has been pleasing, but it is surely not the end of our expectations."

With a presence of 53.2 percent of the Company's share capital, the General Meeting approved all the agenda items with very large majorities. Among others, the shareholders approved the creating of a new authorized capital of up to EUR 45 million (expires as of June 10, 2020) and the new authorization of the issuance of convertible and/or option rights as well as other instruments (also expires as of June 10, 2020) and corresponding conditional capital. In addition, both Supervisory Board Members, Jan P. Weidner and René Camenzind, whose appointment period expired at the end of the Annual General Meeting, were reappointed.

Contact :
Constantin Medien AG
Sabine Lais
Director Communication
Tel.: +49 (0) 89 99 500-461
Fax: +49 (0) 89 99 500-466
sabine.lais@constantin-medien.de
Frank Elsner Kommunikation für
Unternehmen GmbH
Frank Elsner
Tel.: +49 (0) 54 04 91 92 0
Fax: +49 (0) 54 04 91 92 29
info@elsner-kommunikation.de
distributed by