<

PANTALEON ENTERTAINMENT AG (FRA:DE000A12) PANTAFLIX AG: Positive outlook presented at the Annual General Meeting 2021

Transparency directive : regulatory news

26/08/2021 15:03

DGAP-News: PANTAFLIX AG / Key word(s): AGM/EGM
PANTAFLIX AG: Positive outlook presented at the Annual General Meeting 2021

26.08.2021 / 15:03
The issuer is solely responsible for the content of this announcement.


PANTAFLIX AG: Positive outlook presented at the Annual General Meeting 2021

- Impact of Corona pandemic overcome

- Guidance for 2021 confirmed: significant revenue increase & earnings improvement

- Scaling of existing & testing of new entertainment-based business models

Munich, August 26, 2021. PANTAFLIX AG (GSIN: A12UPJ, ISIN: DE000A12UPJ7) successfully held its Annual General Meeting 2021 today. In order to meet the high health standards and for the safety of employees and shareholders, the Annual General Meeting took place solely as digital event. The shareholders discharged the members of the Executive Board and the Supervisory Board for the fiscal year 2020 and approved the agenda items with high approval rates. The voting presence was 67.29%.

Nicolas Paalzow, CEO of PANTAFLIX AG, looked back on the past financial year together with Stephanie Schettler-Köhler, who has taken over the position of COO as of August 2, 2021. In 2020, PANTAFLIX succeeded in completing the shooting of three film productions (GENERATION BEZIEHUNGSUNFÄHIG, WOLKE UNTERM DACH, OSKARS KLEID) despite the Corona pandemic. GENERATION BEZIEHUNGSUNFÄHIG celebrated its world premiere at the Munich Film Festival and a successful theatrical release at the end of July 2021. For Netflix, PANTALEON Films also shot the prequel to Zack Snyder's ARMY OF THE DEAD titled ARMY OF THIEVES - starring and directed by Matthias Schweighöfer. Earlier this week, the worldwide launch date (from October 29, 2021 on Netflix) was announced.

The video on demand business unit of the subsidiary PANTAFLIX Technologies is increasingly successful in establishing PANTAFLIX on the market as a streaming solution for professional users. Numerous well-known customers such as Süddeutsche Zeitung with the SZ-Cinemathek, the book retailer Weltbild as well as Airbus or the German Army and more than 40 film festivals are convinced by the entertainment-as-a-service approach.

The effects of the Corona pandemic on the operating business have been overcome. The environmental conditions and the basis to return to the growth path are given. Therefore, the Executive Board reaffirms the forecast for the current fiscal year, which schedules a significant increase in revenue compared to the previous year to at least EUR 30.0 million (2020: EUR 7.8 million) with a simultaneous significant improvement in EBIT to a level of EUR -2.5 million up to the operating break-even point (2020: EUR -7.1 million). These expectations are subject to further pandemic conditions.

"In 2021, we want to further expand the content business through diverse partnerships and entertainment-based business models, explore new business areas and drive the scaling of our digital business both nationally and internationally. We look to the near future and the following years with confidence for growth," says CEO Nicolas Paalzow.

The voting results of the 2021 Annual General Meeting are available for download in the Investor Relations section of the company's website pantaflixgroup.com.


About PANTAFLIX AG:
PANTAFLIX AG (GSIN: A12UPJ, ISIN: DE000A12UPJ7) is a media and technology company with a clear growth strategy. Through the efficient integration of all Group divisions, the company achieves a high degree of integration with regard to the production, distribution, exploitation and marketing of films and series as well as their rights. In addition to the classic film production business PANTALEON Films, the music label PantaSounds, the production unit PANTAFLIX Studios, the creative agency Creative Cosmos 15 and the entertainment-as-a-service provider PANTAFLIX Technologies is also part of the Group. The VoD-platform focusses on providing users with a tailor-made premium content offering via all relevant access channels.

PANTAFLIX AG cooperates with renowned partners such as Amazon, Disney, Netflix, StudioCanal, Warner Bros. and others. The Group is represented in Berlin, Cologne and Munich.

Further information is available at www.pantaflixgroup.com, www.pantaflix.com and www.pantaflixtechnologies.com.


PANTAFLIX Investor Relations
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 (0)89 1250903-30
E-mail: sh@crossalliance.de
Website: crossalliance.de

PANTAFLIX Media Relations
CROSS ALLIANCE communication GmbH
Jens Jüttner
Tel.: +49 (0)89 1250903-30
E-mail: jj@crossalliance.de
Website: crossalliance.de



26.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: PANTAFLIX AG
Holzstraße 30
80469 Munich
Germany
Phone: +49 89 2323 85 50
Fax: +49 89 2323 85 519
E-mail: ir@pantaflix.com
Internet: www.pantaflixgroup.com
ISIN: DE000A12UPJ7
WKN: A12UPJ
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange; BX
EQS News ID: 1229164

 
End of News DGAP News Service

1229164  26.08.2021 

fncls.ssp?fn=show_t_gif&application_id=1229164&application_name=news&site_id=symex


Other stories

28/03/2024 10:05
28/03/2024 07:08
27/03/2024 20:43
28/03/2024 09:47
28/03/2024 03:30
28/03/2024 10:35
28/03/2024 03:30
28/03/2024 03:35
28/03/2024 08:00
28/03/2024 00:00
28/03/2024 03:30
28/03/2024 10:57
28/03/2024 06:35
27/03/2024 20:48
28/03/2024 10:12
28/03/2024 08:52
28/03/2024 09:59
27/03/2024 18:06
27/03/2024 01:33
27/03/2024 16:02
28/03/2024 09:00
27/03/2024 17:30
28/03/2024 10:13
28/03/2024 08:35
28/03/2024 10:27
28/03/2024 02:39
28/03/2024 10:05
28/03/2024 09:11
28/03/2024 03:30
28/03/2024 08:17
27/03/2024 21:46
28/03/2024 09:31
27/03/2024 20:12
27/03/2024 17:00
27/03/2024 23:30
27/03/2024 15:35
28/03/2024 02:42
27/03/2024 18:07