Zeal Network SE — Earnings Release 2007

Jul 24, 2007

News Details

Ad-hoc | 24 July 2007 06:57

Tipp24 AG: EBIT lower than expected due to non-recurring charges – operating business not burdened

Tipp24 AG / Quarter Results/Preliminary Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Tipp24 AG succeeded in raising billings – mainly remitted stakes – by 18.9
percent to EUR 139.6 (117.4) million in the first half of the year.
Revenues grew by 17.1 percent to EUR 18.0 (15.3) million. Earnings before
interest and taxes (EBIT) were down by 21.6 percent to EUR 2.4 (3.0)
million. The fall in EBIT was caused by non-recurring charges totalling EUR
1.9 million, which have no further impact on operating business.
Consultancy charges of EUR 1.5 million for specific projects relating to
the implementation of the Group’s acquisition strategy and incurred mainly
in the previous year were capitalized in accordance with IFRS regulations.
Against the backdrop of ongoing discussions in the regulatory environment,
the respective projects have now been indefinitely postponed and the assets
concerned have been reclassified with an effect on earnings. The
reclassification has no effect on liquidity. There was also an additional
personnel charge of EUR 350 thousand in the second quarter.

Due to a positive one-off tax effect in the prior-year period and the above
mentioned non-recurring charges, consolidated net profit fell by 54.2
percent to EUR 1.9 (4.2) million.
DGAP 24.07.2007

---

Language: English
Issuer: Tipp24 AG
Straßenbahnring 11-13
20251 Hamburg Deutschland
Phone: +49 (0)40 325533-0
Fax: +49 (0)40 325533-77
E-mail: office@tipp24.de
Internet: www.tipp24-ag.de
ISIN: DE0007847147
WKN: 784714
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

---