11 88 0 Solutions AG — Earnings Release 2014

Aug 6, 2014

News Details

Corporate | 6 August 2014 08:00

Half-year figures of telegate AG: Substantial improvement in earnings in the digital business

DGAP-News: telegate AG / Key word(s): Half Year Results

06.08.2014 / 08:00

---

Munich / Planegg, 6 August 2014 - telegate AG today announced improved
earnings in its digital business for the first half year of 2014. Recording
earnings before interest, taxes, depreciation and amortisation (EBITDA)
before non-recurring effects of EUR 0.4 million (H1 2013: EUR -0.7
million), the division continues its positive performance.

At Group level, EBITDA before non-recurring effects after the first six
months of the year, came to EUR 4.5 million (30 June 2013: EUR 5.2
million). telegate generated revenue of EUR 32.1 million in the reporting
year (H1 2013: EUR 37.0 million). The share of the digital business was 55
percent (H1 2013: 48%). This segment posted revenue of EUR 17.6 million,
which was on a par with the previous year (H1 2013: EUR 17.6 million),
while significantly improving profitability and reducing selling and
distribution costs. Revenue in the directory assistance business from
January to June 2014 amounted to EUR 14.5 million (H1 2013: EUR 19.4
million). EBITDA in this segment totalled EUR 4.1 million in the reporting
period (30 June 2013: EUR 6.0 million).

After six months of the current financial year, telegate is fully on
schedule to meet its targets. For the full 2014 financial year, the company
had forecast EBITDA before non-recurring effects of EUR 7 to 9 million.
telegate aims at continuing the successful expansion of its digital
business in the second half of 2014 by focusing strongly on even more
efficient marketing products and closer customer relations.

The full 2014 half-yearly report of telegate AG is available at:
http://www.telegate.com/investor-relations/english/reports.html

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

---

06.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP 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: 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 News DGAP News-Service

280967 06.08.2014