Constantin posts modest first semester results

by B.P.

26/08/2009 - The group Constantin Film AG has published lacklustre results for the first semester of 2009, with a turnover of €95.5m compared to €110.3m for the same period last year. This represents an expected decline of 13%.

The leading German company’s net profit thus amounts to only €0.6m, compared to €9.1m for the first semester of 2008. The most affected areas are film and video.

With its productions and co-productions, Constantin made a turnover of €82.4m (€85.9m for the first semester of 2008). The result for foreign co-productions is €13.1m (compared to €24.4m last year).

Given the enthusiastic reception of new titles Maria, Ihm Schmeckts Nicht! (launched on August 6) and Horst Schlämmer -Isch Kandidiere! [trailer] (released last week), as well as the upcoming release of Vicky the Viking [trailer] (September 9) and Pope Joan (October 29), Constantin expects to achieve an annual profit of €10-12m.

(Translated from French)