DGAP-News: _wige MEDIA AG / Key word(s): Contract _wige MEDIA AG receives first major order from Kuwait 28.09.2016 / 11:09 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- _wige MEDIA AG receives first major order from Kuwait - Order volume of EUR8.5 million for first construction stage - Part of the project already sales- and earnings-effective in 2016 - EBITDA to double to EUR4 million in 2016 Cologne/Kuwait City, September 28, 2016. _wige MEDIA AG, Cologne, has today received a precontract to supply the technical equipment for a racetrack project in Kuwait. The order volume for the first of the three planned construction stages amounts to around EUR8.5 million. Construction of the racetrack is to commence in the fourth quarter of 2016. A significant proportion of the project is to become effective in terms of sales revenue and earnings prospectively during the current year. Preliminary costs of around EUR1 million that are connected with the project have already been incurred during the first half of 2016. "Here our team has shown again that in large and demanding racetrack projects we can also beat strong international competitors with our expertise and experience," comments _wige Management Board member Oliver Grodowski. The _wige team had already won the large-scale contract for technical equipment for the Formula One racetrack in Sochi in 2014, with responsibility for race control, end-to- end racetrack video monitoring, timekeeping, a media distribution system, starting lights and electronic flags, radio links, Voice over IP and the creation of the entire data network. Strong growth expected in international infrastructure and digital business Based on the precontract that has now been received and as expected, the Management Board confirms its forecast for 2016: sales revenue is to reach at least EUR70 million (+10.6%), and EBITDA is forecast to grow to at least EUR4 million (+90.4%), with _wige thereby almost doubling its operating profit compared to 2015. Net profit should reach at least EUR1 million in this context. "We see this as confirmation of our digitalization and internationalization strategy and anticipate considerable growth over the coming years," notes CEO Peter Lauterbach. Through expanding segments offering strong potential such as international infrastructure and digital business, _wige MEDIA AG continues to aim to reach a sales revenue level of EUR100 million and an EBITDA margin of 11% by 2018. About _wige MEDIA AG As one of the world's leading marketing and production companies in motor sport as well as in other areas of sport in Germany, _wige MEDIA AG produces the Formula1 races, the DTM German Touring Car Masters, the Handball Champions League, the ADAC Zurich 24-hour Race at the Nürburgring and German Football League games, as well as organising events and content for prestigious companies such as Porsche, Audi, Mercedes/AMG, Red Bull, VW and Deutsche Post AG. In the financial year 2016, the company anticipates revenues in a volume of at least EUR 70 million and EBITDA of at least EUR 4 million. Company contact: _wige MEDIA AG Am Coloneum 2 50829 Cologne, Germany www.wige.de Tel: +49 (0) 221_7 88 77_ 0 Fax: +49 (0) 221_7 88 77_ 199 [email protected] Investor Relations: BSK Becker+Schreiner Kommunikation GmbH Tobias M. Weitzel Tel.: +49 (0) 2154_ 81 22 16 E-Mail: [email protected] --------------------------------------------------------------------------- 28.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: _wige MEDIA AG Am Coloneum 2 50829 Köln Germany Phone: +49 (0)221 7 88 77 0 Fax: +49 (0)221 7 88 77 199 E-mail: [email protected] Internet: www.wige.de ISIN: DE000A1EMG56 WKN: A1EMG5 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 506533 28.09.2016