The Studio Babelsberg Group closed the fiscal year 2014 with a deficit of EUR 2.4M (previous year: profit EUR 0.8M). The Studio’s total revenue decreased opposite the previous year of 2013 from EUR 81.9M to EUR 62.5M. The concern’s total output fell from EUR 75.1M to EUR 54.9M.
Despite the loss in 2014, Studio Babelsberg group holds capital of EUR 24.7M on the key date of the December 31, 2014. The concern’s equity ratio is 63 percent; the AG’s ratio comes to 86 percent.
This negative result is due to the core activity’s low workload of studio rental as well as the cancellation of two international film productions the company was in negotiations with.
The supervisory board agreed on the executive board’s proposal to refrain from the 2014 dividends’ payout.
The annual shareholders’ meeting takes place at the fx.Center Babelsberg on Friday, July 3, 2015. The annual report will be made available to download from the end of May via www.studiobabelsberg.com/ir .
