EQS-News: Strong performance: Your Family Entertainment AG presents excellent annual results at its annual shareholder meeting and looks to the future with confidence

Corporate News of Your Family Entertainment AG

Strong performance: Your Family Entertainment AG presents excellent annual results at its annual shareholder meeting and looks to the future with confidence
 

• Sales increase by 35 % to 4.2 million euros
• EBITDA jumps to 167 thousand euros (adjusted EBITDA 544 thousand euros)
• Largest YFE shareholder Genius Brands changed its name to Kartoon Studios and is now listed on the New York Stock Exchange (NYSE)

Munich, June 28, 2023 - Satisfied faces at the Annual General Meeting of Your Family Entertainment AG yesterday, Tuesday, at the Munich Stock Exchange. Board members Dr. Stefan Piech (CEO) and Bernd Wendeln (COO) as well as CFO Michael Huber presented the shareholders with strong financial figures and looked with confidence at the future development of the company.

At 4.2 million euros, sales in fiscal year 2022 were around 35% above the previous year's level of 3.1 million euros. EBITDA adjusted for the costs of the capital measures amounted to 544 thousand euros in the past fiscal year and thus improved by around 0.5 million euros compared to 2021

YFE was able to present equally pleasing balance sheet figures. Several capital measures were carried out in the financial year 2022. The subscribed capital increased to around 15.3 million euros and there were no more liabilities to banks as of the balance sheet date of December 31, 2022. Cash and cash equivalents increased by around 3.2 million euros in 2022, and the equity ratio rose from 46% to 85%. The balance sheet was thus significantly strengthened in the past fiscal year.

Dr. Stefan Piech, CEO YFE AG: "We are a purpose-driven company; our main goal is not only to provide entertainment for children and young people, but also to impart education, inspiration and values. We strongly believe that media has a transformative power and can therefore have a positive impact on young people. This conviction is reflected in the high motivation of our employees. They work with passion and commitment to create content that not only entertains, but also adds value.

Essential for the long-term development of the company is the strategic partnership with YFE's main shareholder Genius Brands International, which changed its name to Kartoon Studios recently and which is now listed on the New York Stock Exchange (NYSE). Last year, Your Family Entertainment AG entered into a strategic partnership with Kartoon Studios in the areas of content and joint distribution, the positive results of which are already reflected in the past fiscal year.

COO Bernd Wendeln's forecast is correspondingly optimistic: "We are building on the unique combination with Hollywood in the family entertainment "with a purpose" segment. We are operating competitively from a strengthened equity base and with a net cash position. Furthermore, we are currently finding many exciting and value-enhancing business opportunities in the market, which we intend to exploit accordingly in the coming weeks and months.

About Your Family Entertainment AG:
The Munich-based German company Your Family Entertainment AG (WKN: A161N1, ISIN: DE000A161N14, abbreviation: RTV) (YFE) is one of the leading producers and distributors of high-quality children's and family programming. YFE owns and operates one of the largest channel-independent libraries in Europe with well-known titles such as "Enid Blyton," "Fix & Foxi" and "Altair." All content is educational, entertaining, and free of violence. In addition, YFE operates the award-winning pay-TV channel "Fix&Foxi TV" on four continents, the free-to-air TV channel "RiC TV", as well as several mobile and digital channels worldwide. In December 2021, Your Family Entertainment AG welcomed the US company Kartoon Studios (NYSE: TOON) - formerly Genius Brands International - from Hollywood as its new major shareholder. Kartoon Studios and Your Family Entertainment AG have agreed on a far-reaching strategic cooperation to make "Content with a Purpose" accessible to a worldwide audience.

Contact:

Your Family Entertainment AG
Michael Huber (CFO)
Tuerkenstraße 87
80799 Munich
Germany

Phone: +49 (0) 89 99 72 71-0
E-Mail: michael.huber@yfe.tv

Three Winters GmbH
Ralph Fürther / Communication
Phone: +49 (0) 171 4859871