Earnings Release • Mar 26, 2014
Earnings Release
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Corporate | 26 March 2014 10:30
freenet AG confirms preliminary figures for 2013
freenet AG / Key word(s): Final Results
26.03.2014 / 10:30
– Group revenue rises to 3.2 billion euros
– Consolidated EBITDA unchanged at 357.4 million euros
– Free cash flow* near stable at 256.2 million euros
– Group result increases to 238.9 million euros
Büdelsdorf 26 March 2014 – Following the Supervisory Board’s approval of the freenet AG [ISIN DE000A0Z2ZZ5] annual financial statements and consolidated financial statements as of 31 December 2013, the Executive Board has now fully confirmed the preliminary figures announced at the end of February 2014. According to the figures, freenet increased its Group result by 38 percent to 238.9 million euros (previous year: 173.2 million euros). This corresponds to earnings per share of 1.87 euros (previous year: 1.35 euros).
“The results of the 2013 financial year provide a good basis for freenet Group’s further strategic development,” says Christoph Vilanek, CEO of freenet AG. “The very dynamic developments in mobile communications enable us to systematically transfer our core competencies into new markets in order to further strengthen our Digital Lifestyle activities.”
“The Supervisory Board concurred with our proposed dividend of 1.45 euros per dividend-bearing share, which corresponds to a payout ratio of 72.5 percent of free cash flow* generated in the 2013 financial year,” adds Joachim Preisig, Chief Financial Officer of freenet AG.
Note:
The full Annual Report 2013 including the audited consolidated financial statements is available for download at www.freenet-group.de/investor/index.
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* Free cash flow is defined as cash flow from operating activities, minus investments in property, plant and equipment and intangible assets, plus proceeds from the disposal of property, plant and equipment and intangible assets.
End of Corporate News
26.03.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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| Language: | English |
| Company: | freenet AG |
| Hollerstraße 126 | |
| 24782 Büdelsdorf | |
| Germany | |
| Phone: | +49 (0)40 51306-778 |
| Fax: | +49 (0)40 51306-970 |
| E-mail: | [email protected] |
| Internet: | www.freenet-group.de |
| ISIN: | DE000A0Z2ZZ5, DE000A1KQXU0 |
| WKN: | A0Z2ZZ , A1KQXU |
| Indices: | TecDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 259490 26.03.2014 |
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