Munichs TV-Loonland AG has beaten their fiscal year 2000 business forecasts, posting significant gains in revenue and earnings. Figures released by the company show revenue at DM 145.1 million, a tenfold increase over last year. Earnings, forecast at DM 11.5 million, rose to DM 16.1 million. Net earnings per share rose to EUR 1.26. Earnings before interest and tax (EBIT) improved to DM 21.4 million, while earnings before interest, tax and depreciations (EBITDA) improved to DM 40.6 million. The company states they have liquid reserves of about DM 65 million. According to CEO Peter Volkle, "The outstanding result of our first year on the stock exchange now paves the way to us further extending our position as a leading international independent major player in the current year. Dr. Carl Woebcken, the companys CFO, commented "We are proud that we have been able to rise above our expectations and consider this achievement a contributory factor inspiring confidence among investors on the New Market."
Check out Animation World Magazines interview with TV-Loonlands John Bullivant, who discusses last years Cartoon Forum with Editor-in-Chief Heather Kenyon.
Dan Sarto is Publisher and Editor-in-Chief of Animation World Network.
