on Your Family Entertainment AG (isin : DE0005408918)
Your Family Entertainment AG Reports 2024 Annual Results and Financial Measures
Your Family Entertainment AG released its 2024 annual results, reflecting a decrease in licensing revenues to €2.66m, down from €2.82m in 2023, marking a 6% decline. The net loss for 2024 was reported at €-1.794m, slightly higher than the previous year's loss of €-1.784m. EBITDA for 2024 improved to €-876k from €-943k in 2023, indicating stability.
The company announced the termination of a capital increase but highlighted ongoing negotiations for future investments. Financial stabilization was pursued through a successful convertible bond issuance, raising €2.4m. An arrangement with Kartoon Studios, the majority shareholder, also contributed to financial health by waiving a €1.3m loan liability in exchange for $400k. These actions strengthened the company’s finances, allowing a focus on cost reduction and growth initiatives.
R. P.
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