AI assistant
11 88 0 Solutions AG — Earnings Release 2012
Nov 8, 2012
2_rns_2012-11-08_774790b1-870c-4302-8af5-e594e7a02c9f.html
Earnings Release
Open in viewerOpens in your device viewer
News Details
Corporate | 8 November 2012 08:00
telegate AG announces substantially improved profitability in its media business: Nine-month EBITDA up 26 percent
telegate AG / Key word(s): Quarter Results
08.11.2012 / 08:00
Munich-Planegg, 8 November 2012 - telegate AG today announced that it
succeeded in substantially increasing the profitability of its media
business. At EUR -8.3 million, earnings before interest, taxes,
depreciation and amortisation (EBITDA) before non-recurring items as at 30
September 2012 were up 26 percent compared with the previous year (EUR
-11.2 million).
EBITDA at Group level including non-recurring items amounted to EUR 37.2
million (previous year: EUR 9.7 million). Not taking into account
non-recurring items such as capacity adjustments, organisational measures
and data cost-related litigation, consolidated EBITDA came in at EUR 7.6
million. Consolidated revenues for the first nine months of the current
financial year were EUR 66.4 million (previous year: EUR 76.8 million). Net
cash flow in the first nine months of the current financial year was
positive at EUR 1.2 million. As telegate AG's figures are on target, the
company confirms its earnings forecast announced at the start of the year.
As at 30 September 2012, the company's net liquidity amounted to EUR 74.8
million.
The media business is already contributing about 40 percent to overall
revenues. Restructured distribution processes and notable cost savings
enabled the company to achieve a considerable improvement in the
profitability of its online business in the first nine months of this year.
This development is particularly pleasing given the continued decline in
revenues recorded in the directory assistance business. This segment is
being analysed continuously and its capacities will be adjusted as
necessary.
During the fourth quarter of 2012, telegate AG will launch a new product
strategy in its media business. Effective immediately, customers will be
offered a free website for their company together with its listing in the
business directory. This service includes website design according to the
customer's wishes, administration and search engine marketing optimisation.
This step will mark a significant expansion of telegate AG's offering,
which then will cover everything a small or medium-sized enterprise needs
for a presence on the Internet and for successfully addressing its
customers.
telegate AG already announced with the half year results that the company
is planning to divest its Spanish business. Consequently, that segment is
reported, in line with IFRS, as 'discontinued operations' and thus not
included in the above-mentioned financial results.
The full nine-month report of telegate AG is available at:
http://www.telegate.com/htm/en/investor_relations/140.htm
Contact:
Anja Meyer
telegate AG
Tel.: 089/ 8954-1188
Fax: 089/ 8954-1189
E-Mail: [email protected]
End of Corporate News
08.11.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: telegate AG
Fraunhofer Str. 12a
82152 Planegg-Martinsried
Germany
Phone: +49 089 - 89 54 0
Fax: +49 089 - 89 54 10 10
E-mail: [email protected]
Internet: www.telegate.com
ISIN: DE0005118806
WKN: 511880
Indices: Prime All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
192154 08.11.2012