10TACLE STUDIOS AG again exceeds all expectations in 2006
Consolidated revenue up by around 64% to over €29 million
Darmstadt, March 29, 2007 - 10TACLE STUDIOS AG has reported significant revenue and earnings growth in fiscal year 2006: Consolidated revenue generated by the developer and producer of high-end computer and video games increased by 64% in the past fiscal year to 29.285 million (previous year: 17.896 million). During the same period, EBIT increased sharply by 180% to 4.708 million (previous year: 1.684 million).
10TACLE STUDIOS AG's adjusted EBITDA improved by 165% to 7.235 million (previous year: 2.730 million). Overall, the consolidated profit after minority interest rose by 174% in the period under review to 2.892 million (previous year: 1.057 million). The Company's earnings per share were 0.63, compared with 0.40 in the previous year.
Michele Pes, Chief Executive Officer of 10TACLE STUDIOS AG, said: "2006 was an extremely successful and important year for our Company. We have clearly exceeded both our own goals and analysts' expectations. We are extremely optimistic that 10TACLE STUDIOS AG will continue this path in the current fiscal year 2007. As a result of the cooperation with MTV that we reported yesterday, we believe that we can achieve and even exceed analysts' expectations in 2007."
About 10TACLE STUDIOS AG:
Listed in the General Standard of the Frankfurt Stock Exchange, 10TACLE STUDIOS AG (WKN: TACL10, ISIN DE000TACL107) is one of Europe's leading independent developers and producers of high-end computer and video games. 10TACLE STUDIOS AG produces top-quality products that meet international development standards, and its product portfolio covers all relevant, high-growth segments in the games market. Currently, around 290 employees work for the Company at its headquarters in Darmstadt and the development sites in Darmstadt, Hanover, Duisberg, London, Charleroi, Bratislava and Singapore. 10TACLE STUDIOS AG's consolidated revenue increased by 64% in 2006 to 29.037 million (previous year: 17.896 million). During the same period, EBIT increased sharply by 180% to 4.742 million (previous year: 1.684 million).
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