Ups and downs at Constantin Film

Home entertainment made up 38% of total sales

BERLIN — Despite a 55% drop in profit to E800,000 ($1.01 million) and a 6% dip in sales to $72.5 million, German entertainment group Constantin Film on Thursday reported strong business in home entertainment, TV service productions and global sales in the first three months of the year.

Constantin reported a slight increase in its gross profit margin compared with the first quarter of 2004.

Home entertainment made up 38% of total sales, up 30% from last year; theatrical distribution accounted for 14%, commissioned productions 27% and TV sales 6%.

Company predicted new businesses, including license trading, inhouse exploitation of video and DVD rights and expanded TV service production, would boost coin in this fiscal year.

Constantin is forecasting full-year sales of $240 million and an operating profit, before interest and tax, of $11.4 million.

Its shares fell more than 1% Thursday to $11.12.

Meanwhile, Constantin’s parent company, Highlight Communications, posted an interim first-quarter profit figure of $4 million on sales of $99 million. The Swiss-based home entertainment group said the results had beaten initial forecasts.

Highlight shares rose 1.74% to $5.95.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety