Ad hoc / Announcements

28th November 2008

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TELES: Q3 Results

Ad hoc Shareholders'/Press Release in accordance with §15 WpHG

Berlin, 28th November 2008. All in all, revenues in the third quarter of 2008 increased compared to the prior year quarter by 12%. The operating quarterly loss (EBIT) improved slightly to -2.4 Mio€ (prior year: -3.0 Mio€). In addition, the total result is influenced by a further loss in value amounting to about 9.1 Mio€ in connection with the freenet shares formerly held by TELES and sold in August 2008.

The key data for TELES for Q3/2008 (in accordance with IFRS, unaudited) can be summarized as follows:

  • Revenues: 6.1 Mio€ (in Q3/2007: 5.5 Mio€, +12%),
  • Gross Profit: 3.1 Mio€ (in Q3/2007: 3.1 Mio€, -1%),
  • EBITDA: -2.1 Mio€ (in Q3/2007: -2.8 Mio€),
  • EBIT: -2.4 Mio€ (in Q3/2007: -3.0 Mio€),
  • EBT: -11.4 Mio€ (in Q3/2007: 18.8 Mio€).

Additionally, two further very important key figures at the end of the period under review are emphasized:

  • Cash and cash equivalents increased to 27.6 Mio€ as at 30th September 2008. Of this 21.1 Mio€ were used by the end of October to pay the dividend which was decided in the shareholders' meeting 2008. In addition, TELES still owns almost 2.2 million treasury stock with a current total market value of about 2 Mio€.
  • The Equity Ratio amounted to 36% which has increased to approx. 60% after the payout of the above mentioned dividend.


Prof. Dr.-Ing. Sigram Schindler
CEO of TELES AG