EANS-Adhoc: Zapf Creation reports positive performance in the first quarter of 2010

ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.

12.05.2010

Roedental, May 12, 2010 - The Zapf Creation Group today announced improved results in what traditionally is the weakest quarter for the toy industry. The Group´s consolidated revenue increased by 12.4% to EUR 11.9 million (2009: EUR 10.6 million).

Zapf Creation reports improved earnings and cash position: Gross profit rose by 16.6 percentage points to 46.3%. Adjusted for one-off items and restructuring costs, consolidated EBIT improved to EUR -1.4 million. The net loss for the period was EUR 2.4 million, compared to EUR 4.9 million in the prior-year period.

The cash flow from operating activities rose by 14.9% to EUR 7.8 million (2009:
EUR 6.8 million). Net liabilities reduced to EUR 18.4 million (December 31, 2009: EUR 25.0 million).

As part of the Group's long-term financing, Zapf Creation´s Banking Consortium have agreed to waive compliance with key financial covenants until May 31, 2010.

end of announcement euro adhoc

issuer: Zapf Creation AG Mönchrödener Straße 13 D-96472 Rödental phone: +49 (0)9563 725-10 FAX: +49 (0)9563 725-1387 mail: info@zapf-creation.com WWW: http://www.zapf-creation.de sector: Consumer Goods

ISIN: DE0007806002
indexes: MDAX, CDAX, Classic All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English

Rückfragen & Kontakt:

Claudia Dorst
Telefon: +49 (0)9563-7251-513
E-Mail: claudia.dorst@zapf-creation.de

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