EANS-Adhoc: JoWooD Productions Software AG / JoWooD presents annual financial results 2008

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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30.04.2009

• JoWooD presents best operative results in company history •
Revenues increased by 10% to EUR 25 million YoY • operative EBIT
increased by 10,4% to EUR 2,7 million with an EBIT margin of 11%
•profit margin based on annual net profit of 7%

In EUR 000s

2008 2007 % to previous year
Revenues 25.035 22.832 + 9,6%
EBIT
(before one-time effects) 2.744 2.485 + 10,4%
EBIT
(after one-time effects)* 1.978 2.485 - 20,4%
Annual net profit
(before one-time effects) 1.772 1.745 + 1,0%
Annual net profit
(after one-time effects)* 1.000 2.406 - 58,4%

*these values are not comparable to each other, as certain one-time
effects are not being considered (this goes for FY 2008, as well as
for FY 2007)

The historical results of FY 2008 further undermine the strategic
decision to reinforce the market- and distribution positioning in the
international environment.

Consolidated revenues for FY 2008 increased by 10% compared with last
year´s reference period. The increase of revenues compared to
previous year can be attributed to the expansion of the product
portfolio, the diversification of publishing- and distribution
business, as well as the continuing expansion of the distribution
network. JoWooD increased its 2008 revenues by 10% in a year-on-year
comparison and managed to do so while decreasing the total investment
volume in new products by 31.6% in FY 2008 (EUR 4,05 million,
adjusted value) compared to FY 2007 (EUR 5,93 million, adjusted
value). The operative EBIT (before one-time effects) amounts to EUR
2,74 million and has been increased by 10,4% compared to last year´s
reference period.

The overall result of 2008 was strained with one-time effects in the
amount of TEUR 766. These one-time effects mainly result from the
high amount of break-up costs, which proceed from the strategic
transition from the traditional license-/distribution business to a
strengthened direct distribution business. These steps have already
been announced in last year´s interim reports.

From a present point of view, all essential break-up costs that had
to be carried out in the course of this strategic transition have
been considered and borne in FY 2008, and have been booked with a
negative impact on the result. Beginning with FY 2009, a sustainable
increase of the profitability is expected medium to long-term.

Outlook 2009

In the upcoming four to six quarters two core brands will be
released. With "Yoga" for Nintendo® Wii™ one of the strongest titles
in the 2009 line up with respective revenue expectations will be
released in the fourth quarter 2009. With JoWooD´s in-house game
concept, Yoga sessions will take place in living rooms and guarantee
a longlasting gaming experience by supporting the "Wii Balance
Board". With "ArcaniA - A Gothic Tale", the largest project in
company history will be released at the end of 2009 / beginning of
2010 with a multi-platform release on a global basis.

With an equity ratio of 54%, the JowooD Group is positioned solidly
within the computer- and video games industry, which in a way proved
to be quite resilient to the current economic crisis.

Because of this release schedule and the available distribution
structure (enforced during FY 2008), management pursues - in due
consideration that further distribution expansions run as planned,
the overall economic situation does not negatively affect industry
growth in a lasting way, and projects in development will be released
in a timely manner - the goal of achieving a company growth of 15%
for FY 2009, according to corporate planning.

The entire annual financial report will be put online and sent out
during the day.

end of announcement euro adhoc
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ots Originaltext: JoWooD Productions Software AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

JoWooD Productions Software AG

Dr. Albert Seidl, Vorstand

Mag. Philipp Brock, Investor Relations

Tel.: +43 (0)3612 2828

mailto:investor@jowood.com

http://www.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 935221
Index: WBI, ATX Prime, ViDX
Börsen: Börse Berlin / free trade
Börse Frankfurt / free trade
Börse Stuttgart / free trade
Börse München / free trade
Wiener Börse AG / official dealing