11 88 0 Solutions AG — Earnings Release 2002

Aug 8, 2002

News Details

Ad-hoc | 8 August 2002 08:00

Telegate AG english

telegate AG increases profit in first six months 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– telegate AG increases profit in first six months 2002 Also on group level substantial operating profit Munich, August 8, 2002 – The Munich-based telegate AG continues in the black: The success result of the first half 2002: The result before taxes, interest and depreciation (EBITDA) amounts to 5.6 million Euro (1st half 2001: minus 9.6 million Euro); the gross profit (EBIT) amounts to 0.9 million Euro (1st half 2001: minus 13.8 million Euro). The company restates its constant improvement of results over the past five quarters. The telegate-DA-service turned with its cyclical independent business turned again profitable. With the long-term commitment of CEO Dr. Klaus Harisch, the management sticks to its strategic target of a continuous profitable growth. The turnover of the German 11880-core business amounts to 51 million Euro (1st half 2001: 56 million Euro). The EBITDA in this segment amounts to 10.6 million Euro (1st half 2001: minus 1.1 million Euro), the gross profit (EBIT) amounts to 7.2 million Euro (1st half 2001: minus 4.4 million Euro). The turnover of the international business grows continuously and, altogether, the group reached a turnover of 54 million Euro (1st half 2001: 57 million Euro). end of ad-hoc-announcement (c)DGAP 08.08.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: In the first six months 2002, in Germany as well as in the other European markets, telegate scored some important strategic successes. In Germany, the telephone service providers debitel and talkline entrusted the whole DA-service for their twelve million mobile phone customers to 11880. The short-term goal is to cooperate also with other German telephone providers. With the continuous optimisation of its own call centers the cost structure can be improved on a steady basis. In Spain and Great Britain, after intense regulatory battles, telegate finally obtained the requested numbers for the own branded service. In Italy, the company now works on the operational level much closer together with the strategic partner SEAT Pagine Gialle. First results are visible: The Italian subsidiary of telegate could redouble its turnover to 2.5 million Euro in the first half 2002 (1st half 2001: scarcely one million Euro). The operative result (EBITDA) is positive. In its home market, the 11880-DA-service provider will further extend its offer in order to turn it even more attractive for mobile phone customers as well as for fixed line customers. On a legal and regulatory level telegate continues to fight against the monopoly position of Deutsche Telekom and the free offer of their online DA-service. In Spain and Great Britain, the company works with high pressure on its market entrance planned for the end of this year. Press information: telegate AG Anja Meyer Fraunhoferstr. 12a 82152 München-Martinsried Tel.: 089 – 8954-1188 Fax: 089 – 8954-1189 e-mail: anja.meyer@telegate.com Financial information: telegate AG Marc Langner Fraunhoferstr. 12a 82152 München-Martinsried Tel.: 089 – 8954-1120 Fax: 089 – 8954-1110 e-mail: marc.langner@telegate.com ——————————————————————————– WKN: 511880; ISIN: DE0005118806; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 080800 Aug 02