EANS-Adhoc: JoWooD Entertainment AG reports stable development and higher earnings in a difficult environment

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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annual report

30.04.2010

Notwithstanding difficult economic conditions, JoWooD was able to
generate stable turnover and increase net income by some 21 percent
in the fiscal year 2009.

Turnover amounted to EUR 25.278 million after EUR 25.035 million in
2008 and net income came to EUR 1.206 million after EUR 1.0 million
in the previous year. EBIT increased by 8% year on year to EUR 2.134
million.

In line with the Company´s conservative valuation policy, special
items adding up to a difference of EUR 259,000 compared with the
preliminary result presented on 26 March 2009 were taken into account
in the final Group result for 2009. For prudential reasons and paying
due regard to the persistently challenging market situation, the
Company, by comparison to the preliminary figures, set up additional
provisions and reserves in anticipation of potential price movements
and rebates.

For the year 2010, management expects a marked increase in turnover
and in the results. These increases will be primarily due to new
releases. The management expressly points out that volatility can be
expected with regard to the individual quarterly results. Investments
will mainly be made in the first half of the year, while most of the
turnover will be generated in the second half (ArcaniA).

Due to technical delays in the consolidation of the Group's
(partially foreign) subsidiaries, the financial report for the year
will be published on 7 May 2010.

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

Further inquiry note:

JoWooD Entertainment AG

Dr. Albert Seidl, Vorstand

Mag. Philipp Brock, Investor Relations

Tel.: +43 (0)1 37909-1014

mailto:investor@jowood.com

http://corporate.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 935221
Index: WBI, ATX Prime, ViDX
Börsen: Berlin / free trade
Frankfurt / free trade
Stuttgart / free trade
München / free trade
Wien / official market