- WKN: 511880
- ISIN: DE0005118806
- Land: Germany
Nachricht vom 03.05.2012 | 08:00
telegate AG: quarterly figures: profit and revenues according to plan
telegate AG / Key word(s): Finance/
Quarterly figures telegate AG: profit and revenues according to plan
Planegg-Martinsried, May 03, 2012 - In the first quarter of 2012 telegate AG is right on track for the current fiscal year. Group earnings (EBITDA) before non-recurring items of EUR 2.7 m are in line with the profit guidance for the year 2012. The advertising sales business continues to show a positive development: with an improved profit situation, the young business sector generated revenues in the amount of EUR 8.9 m in the reporting period and thus contributes to the share of revenues in group revenues of 35 percent (same period of the previous year: 30 percent). In total, revenues of the telegate group amount to EUR 25.2 m (same period of the previous year: EUR 28.2 m). The expected decline in revenues is due to the current company transformation. Overall, the segment Germany/Austria contributes EUR 23.4 m (93 percent) to group revenues. Spain with EUR 1.7 m has a share in this development of seven percent.
Revenues of the business sector Media continued to increase by five percent in the first quarter 2012. Background is the company's strategic focus on customer satisfaction and retention for the benefit of a long-term margin improvement. The company - as announced - has initiated several fundamental process changes and measures to increase customer loyalty in the first quarter 2012. As a result, churn rates shall be reduced and contract periods extended and thus a positive contribution margin shall be generated in the long term. There already have been initial positive results.
The continuing negative demand trend in the classic DA market results in an overall declining revenues trend of the group. Thus, the proceeds of the business sector DA solutions amount to EUR 16.3 m in the reporting period compared to EUR 19.7 m in the same period of the previous year. Furthermore, the challenging overall economic development had an adverse effect on the revenues trend in the segment Spain.
Profit situation: company transformation with improved profitability of the Media business
Earnings after taxes amounted to EUR 0.2 m in the reporting period compared to EUR 1.3 m in the previous year. Correspondingly, this results in earnings per share of EUR 0.01 compared to
In spite of slightly declining earnings, the balance sheet quality of the debt-free company remains very solid. Cash and cash equivalents amount to EUR 37.6 m in the first quarter 2012 compared to EUR 47.4 m in the same period of the previous year. The decline is primarily due to the dividend payment in the amount of EUR 9.6 m in June 2011. In the first quarter, where usually the lowest liquid assets are generated due to seasonal effects, telegate recorded a slightly negative net cash flow* in the amount of EUR -1.5 m. This ratio amounted to EUR -1.4 m in the previous year.
Outlook: operational focus on improvement of customer loyalty
Possible income from payments by Deutsche Telekom AG to telegate AG and its subsidiaries datagate GmbH and telegate MEDIA AG resulting from the data cost reclamation claims are not considered in this scenario. The Higher Regional Court Duesseldorf (OLG) sentenced Deutsche Telekom AG in three part actions to repay a total of approx. EUR 96 m. The former monopolist has filed an appeal for non-admission of an appeal with the Federal High Court of Justice. A judicial decision by the BGH (Federal High Court of Justice) can be expected within the next months.
All figures stated in m of EUR
*) Operating cash flow + cash flow from investing activities +/- interest income/expenses
About telegate AG:
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03.05.2012 Dissemination of a Press Release, transmitted by DGAP - a company of EquityStory AG.
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|Fraunhofer Str. 12a|
|Phone:||+49 089 - 89 54 0|
|Fax:||+49 089 - 89 54 10 10|
|Indices:||Prime All Share|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart|
|End of News||DGAP-Media|
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