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11 88 0 Solutions AG — Earnings Release 2004
Jul 28, 2004
2_rns_2004-07-28_ec78cf24-5aaf-4484-a6c7-5517ef3bf777.html
Earnings Release
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Ad-hoc | 28 July 2004 08:00
Telegate AG: First Half Year 2004-Again significant growth in revenue and profit
Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– First Half Year 2004: Again significant growth in revenue and profit telegate AG closed the first half-year 2004 with the fifth successive positive earnings quarter. During the first six months, the company generated net profit of EUR 16.2 million (HY1 03: EUR 1.1 million). This includes an extraordinary, non-cash book profit of EUR 7.8 million resulting from the deconsolidation of US business as has been previously announced. After adjusting from the non- recurring payment, quarterly results were still considerably up on the first quarter of 2004. In the reporting period, revenues increased by 34 percent year-on-year and totalled EUR 81.8 million (HY1 03: EUR 60,8 million). This growth is mainly driven by telegate’s International segment: Revenues nearly tripled to EUR 23.7 million against the same period last year (HY1 03: EUR 8.2 million) and are now contributing 29 percent to the group turnover. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased to EUR 14.0 million (HY1 03: EUR 8,0 million). An EBITDA-margin of 17 percent in the first half-year 2004 again underlines telegate’s increasing and sustainable profit margin. (HY1 03: 13 percent). With the positive free cash flow amounting to EUR 17.0 million in the first six month 2004 (HY1 03: EUR 4.7 million), telegate further improved its net financial position. As of 30 June 2004, the company has cash and cash equivalents of around EUR 22 million. Further Information: telegate AG Claudia Strixner Fraunhofer Str. 12a – 82152 München-Martinsried Tel.: +49 (0) 89/ 8954-1188 – Fax: +49 (0) 89/ 8954-1189 e-mail: [email protected] end of ad-hoc-announcement (c)DGAP 28.07.2004 ——————————————————————————– WKN: 511880; ISIN: DE0005118806; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 280800 Jul 04