Brief: _wige media sells _wige BROADCAST and _wige SOLUTIONS, gives 2016 outlook

SPORTTOTAL AG

08/12/2016 10:58

Dec 8 (Reuters) - Wige Media AG  WIGGk.DE : 
    * Builds up new sporttotal.tv business, along with its 
international project business, and sells _wige broadcast and 
_wige solutions 
    * Purchase price for sold operations amounts to 4 million 
euros ($4.32 million) in total, 3.5 million euros of which for 
_wige solutions GmbH and 0.5 million euros for _wige broadcast 
GmbH 
    * In addition, _wige media is likely to raise hidden 
reserves by 0.8 million euros in context of restructuring 
    * Since only parts of order concerning technical equipment 
for racing track infrastructure projects in Kuwait can be taken 
into account in 2016, revenues are likely to amount to 63 
million euros and EBT to -6.5 million euros 
    * Consistently positive earnings with steady growth are 
anticipated from 2017 onward 
 
Source text for Eikon:  ID:nEQ5kFFGr  
Further company coverage:  WIGGk.DE  
 
($1 = 0.9266 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))