TELES AG Informationstechnologien — Earnings Release 2006

May 10, 2006

News Details

Ad-hoc | 10 May 2006 19:05

Teles AG: Q1 results – slow business development and high costs

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Ad-hoc Shareholders’ /Press Release in accordance with § 15 WpHG TELES: Q1 results – slow business development and high costs Berlin, 10th May 2006. This information is released pursuant to Section 13 Subsection 1 and Section 15 Subsection 1 of the Investor Protection Improvement Act (AnSVG). The results of the 1st quarter 2006 were characterized by slow business development and high costs. Business development was particularly affected by virtual stagnation in the number of skyDSL customers, which can mainly be ascribed to a change in the company’s price policies. In addition to operating costs, provisions for the legal enforcement of the TELES VoIP patents had a negative impact on the results. The key data for TELES for Q1/2006 (in accordance with IFRS, unaudited) can be summarized as follows: – Revenues: 7.7 Mio€ (in Q1/2005: 6.0 Mio€, +28%), – Gross Profit: 3.0 Mio€ (in Q1/2005: 2.5 Mio€, +19%), – EBITDA: -5.1 Mio€ (in Q1/2005: -1.7 Mio€), – EBIT: -5.3 Mio€ (in Q1/2005: -1.9 Mio€), – EBT: -4.8 Mio€ (in Q1/2005: -1.5 Mio€), Despite the disappointing current figures the TELES’ board is confident, that TELES will resume its growth as of Q4/2006. Nevertheless measures to improve efficiency and reduce costs have been introduced. Attention is drawn to two further, extremely important key figures at the end of the period under review: – Cash and cash equivalents amounted to 51.5 Mio€ as at 31 March 2006 – this was thus after payment of 18.3 Mio€ to the shareholders on 2 January 2006. In addition, TELES still owns 3.1 million freenet shares and almost 2.2 million treasury stock with a total market value of almost 70 Mio€. – The equity ratio amounted to 93%. Professor Sigram Schindler CEO of TELES AG (c)DGAP 10.05.2006 ————————————————————————— Language: English Issuer: Teles AG Dovestraße 2-4 10587 Berlin Deutschland Phone: +49 (0)30 399 28-208 Fax: +49 (0)30 399 28-01 email: IRInfo@teles.de WWW: www.teles.de ISIN: DE0007454902 WKN: 745490 indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service —————————————————————————