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TELES: Q2 Results - Operating Losses in Line with Growth Forecasts

This information is released in accordance with § 13 section 1 and § 15 section 1 of the German Investor Protection Improvement Act (AnSVG).

With an EBT of € -2.1 million, operating losses at TELES AG in Q2/2005 were in line with growth forecasts. On the other hand, net earnings amount to € 124 million resulting from extraordinary income from the sale of the WebHosting Segment to freenet.de AG, realized in Q1/2005.

The key data at TELES for Q2/2005 (in accordance with IFRS, unaudited) can be summarized as follows:

• Revenues: € 6.5 million (in Q2/2004: € 7.4 million, -13%),
• Gross Profit: € 2.7 million (in Q2/2004: € 4.6 million, -41%),
• EBITDA: € -2.4 million (in Q2/2004: € -0.5 million),
• EBIT: € -2.6 million (in Q2/2004: € -0.3 million),
• EBT: € -2.1 million (in Q2/2004: € 0.5 million),
• YTD EBT incl. Discontinued Operations: € 126.4 million.

Attention is drawn to two very important key figures:

• Cash amounted to € 103.6 million at the end of Q2/2005 (€ 105.5 million at the end of Q1/2005). In addition, TELES owns 3.1 million freenet shares - i.e. "cash equivalents" amounted to € 64.5 million at the end of Q2/2005 - and almost 2.2 million treasury stock.
• The equity ratio amounted to 75 % at the end of the period under review.

Professor Sigram Schindler
CEO of TELES AG