Ad hoc / Announcements

10th September 2010

TELES: H1/2010 – Group revenues down as a result of poor revenues in American market. Losses in H1/2010 – but still considerably decreased compared to the first half of last year

Berlin, September 10, 2010.   In the first half of 2010, revenues of 7.7 Mio€ represented a decrease of 24% compared to the first half of last year. This can be mostly attributed to poor revenues from the American market. The operating losses (EBIT), however, decreased compared to the same period last year.

The key data for TELES for H1/2010 (in accordance with IFRS, unaudited) can be summarized as follows:

•    Revenues: 7.7 Mio€
     (10.2 Mio€ in H1/2009, -24%),
•    Gross Profit: 3.3 Mio€
     (4.1 Mio€ in H1/2009, -21%),
•    EBITDA*: -1.0 Mio€
     (-2.4 Mio€ in H1/2009, +57%),
•    EBIT*: -1.8 Mio€
     (-3.0 Mio€ in H1/2009, +42%).
•    Equity ratio: 12%
     (18% end of Q1/2010)

* excluding expenses for employee share programmes

You can find the entire Half-yearly Report H1/2010 at www.teles.com.

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