EUROPACORP (EPA:ECP) - EuropaCorp - Preliminary perspective on 2016/2017 results

Transparency directive : regulatory news

10/02/2017 08:00

PRESS RELEASE

           EuropaCorp : Preliminary perspective on 2016/2017 results

  * Under-performance of slate will result in full-year loss
  * Company moves to strengthen U.S. distribution

Saint-Denis, February the 10th 2017 - EuropaCorp, one of the leading
independent film studios in Europe, film producer and distributer, today
confirms a loss for the year-end close 2016-2017 (closing date: March the 31st
2017).

The weak performance of English language films released during the fiscal year,
including recent releases Miss Sloane and The Founder, will contribute to a
full-year loss which the company expects to be greater than losses reported in
previous years.

In response to these issues, EuropaCorp has moved to strengthen its
distribution capabilities in the U.S. by entering into a new multi-year
agreement for STX Motion Pictures Group to provide theatrical marketing and
distribution services for EuropaCorp's releases.

In addition to changes to its U.S. distribution activities, EuropaCorp has
closed multiple transactions during the fiscal year to provide additional
financial strength. These include restructuring the company's first and second
lien debt, raising equity capital from FF Motion Invest, a subsidiary of
Fundamental Films, and the recent sale of the company's multiplex activities to
Cinemas Gaumont-Pathe.

The completion of these financial transactions provides EuropaCorp operating
capital to deliver on its mission to produce and distribute feature films and
television series around the world, including such  highly-anticipated events
as Valerian and The City of a Thousand Planets, Taxi 5, and the TV series
Taken.

Financial calendar

May 2017          Annual 2016/2017 revenue
June 2017         Consolidated annual 2016/2017 income

ABOUT EUROPACORP
EuropaCorp is one of Europe's leading film studios. Founded in 1999, EuropaCorp
has operations spanning production, theatrical distribution, video and VOD, and
television sales. EuropaCorp also has international rights, partnerships and
licensing, production and soundtrack publishing activities. The Group has also
been producing TV series since 2010. EuropaCorp's integrated business model
allows it to benefit from diversified sources of revenue. With a line-up
boasting various types of films and a very strong foothold in international
markets, the Group has produced France's biggest international hits in recent
years. EuropaCorp was founded by French filmmaker, screenwriter and producer
Luc Besson. The Group owns a catalogue of 500 movies.

For more information, go to www.europacorp-corporate.com

Contacts

EuropaCorp Group
David Sebagh / Investors Relations / investors@europacorp.com
Régis Lefèbvre / Communication / rlefebvre@europacorp.com
Tel: +33 1 55 99 50 00

Financial communication
NewCap / Julie Coulot / jcoulot@newcap.fr / +33 1 44 71 94 94

Press Relations
CLAI / Nicolas Obrist / europacorp@clai2.com / +33 1 80 50 53 10

           EuropaCorp is listed in Compartment C of Euronext Paris
                   ISIN code: FR0010490920 - Ticker: ECP

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EUROPACORP (EPA:ECP) - EuropaCorp - Preliminary perspective on 2016/2017 results

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