11 88 0 Solutions AG — Earnings Release 2012

Mar 7, 2013

News Details

Ad-hoc | 7 March 2013 07:55

telegate AG meets guidance for 2012: EBITDA before special items at EUR 10.4 million – Profitability increase of 28 % in the Media business – Dividend proposal of EUR 2.00 per share

telegate AG / Key word(s): Final Results/Dividend

07.03.2013 07:55

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Munich/Planegg, 7 March 2013 - The telegate Group, a directory assistance
provider and regional advertising partner, today announced that it has met
its guidance for the 2012 financial year.

The EBITDA (earnings before interest, tax, depreciation and amortisation
except amortisation on intangible assets from capitalized sales provisions
before special items) came in at EUR 10.4 million (2011: EUR 14.7 million)
and the net cash flow was positive at EUR 1.2 million (2011: EUR - 0.2
million).

Net cash amounted to EUR 93.2 million as of 31 December 2012. The Company's
Management Board and Supervisory Board will propose to the Annual General
Meeting to pay a dividend of EUR 2.00 per share (ordinary dividend of EUR
0.25 per share, extraordinary dividend of EUR 1.75 per share, equivalent of
EUR 38.2 million).

The telegate Group generated total revenue of EUR 92.7 million (2011: EUR
110.0 million) in the 2012 financial year.
In Germany, the Media business accounted for EUR 33.8 million (2011: EUR
35.0 million) in revenue, showing a 28% increase year by year on the
channel profitability, leveraging on a strong churn reduction by minus 21%.
The German directory assistance service business posted revenue of EUR 52.8
million (2011: EUR 66.3 million) and EBITDA before special items of EUR
19.7 million in 2012 (2011: 28.3 million). Business in Spain contributed
EBITDA before special items of EUR 1.2 million (2011: EUR 1.0 million) and
7% to consolidated revenue.

In the current 2013 financial year, telegate AG is committed to further
enhancing its Media business by offering intelligent and innovative
services for customers and consumers in order to make the business
profitable no later than by the first half-year of 2014. telegate AG
forecasts an EBITDA before special items on group level of EUR 8 to 10
million for 2013 as well as for 2014. The net cash flow both in 2013 as
well as in 2014 is expected to be positive.

Contact:
Anja Meyer
telegate AG
Tel.: 089/ 8954-1188
Fax: 089/ 8954-1189
E-Mail: anja.meyer@telegate.com

07.03.2013 DGAP's Distribution Services include Regulatory Announcements,
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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: info@telegate.de
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 Announcement DGAP News-Service

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