AGENTURMELDUNGEN

7:36 | 13.08.2009
DJ EANS-Adhoc: freenet AG / freenet AG reports revenue of 1.8 billion euros and operating result (EBITDA) of 157.6 million euros for the first half of 2009

DJ EANS-Adhoc: freenet AG / freenet AG reports revenue of 1.8 billion euros and operating result (EBITDA) of 157.6 million euros for the first half of 2009


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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
=------------------------------------------------------------------------------- 

13.08.2009 

freenet AG reports revenue of 1.8 billion euros and operating result (EBITDA) of
157.6 million euros for the first half of 2009:
*       Revenue of 1.82 billion euros
*       EBITDA of 157.6 million euros
*       Cash flow from operating activities at 165.4 million euros 

Büdelsdorf, 13 August 2009 - In a competitive environment that continues tough,
freenet AG managed to increase its second-quarter revenue to 912.6 million euros
in 2009, up approx. 152 percent year-on-year*. Total revenue for the first six
months of 2009 came to 1.822 billion euros, a 148-percent increase over the
first half of 2008.
Gross profit and EBITDA also were up significantly year-on-year: At 206.2
million euros, gross profit for Q2/2009 was 122 percent above that of Q2/2008
and EBITDA more than doubled to 75.8 million euros. For the first half of 2009,
gross profit totalled 411.1 million euros (+116.2 percent vs. H´1/2008), while
EBITDA came to 157.6 million euros, an 88.7-percent increase year-on-year. These
figures include one-off expenses for the first half of 2009 of nearly 28 million
euros, of which around 26 million euros were incurred by the Mobile
Communications segment.
The Group result from continued operations - i.e. without the DSL business,
which has now been sold - was 11.1 million euros for Q2/2009 and 21.7 million
euros for H´1/2009, after 23.4 million euros (Q2/2008) and 50.5 million euros
(H´1/2008).
A cash flow from operating activities of 165.4 million euros has been generated
in the first half of 2009. 

* The previous year´s figures cited here are retrospectively adjusted figures to
reflect the switch in reporting the costs of customer acquisition and retention,
and the application of IFRS 5 for `discontinued operations´. Furthermore
retrospective reclassifications were made within the income statement items
relating to continued operations because the contract between freenet AG and 1&1
Internet AG regarding the sale of the DSL business has now been signed. 

Important KPI's of freenet Group:
Accounting method:  IAS/IFRS
|                       |          |          |          |          |          |
|Result in EUR million  |1st half  |1st half  |Q2/2009   |Q1/2009   |Q2/2008   |
|                       |2009      |2008      |          |adjusted2 |adjusted1 |
|                       |          |adjusted1 |          |          |          |
|Third-party revenue    |1,821.5   |734.0     |912.6     |909.0     |362.1     |
|Gross profit           |411.1     |190.2     |206.2     |204.9     |92.8      |
|EBITDA                 |157.6     |83.5      |75.8      |81.8      |31.7      |
|EBIT                   |49.2      |64.0      |22.1      |27.1      |22.1      |
|EBT                    |-0.3      |61.8      |2.6       |-2.9      |21.5      |
|Group result from      |          |          |          |          |          |
|continued              |          |          |          |          |          |
|operations             |21.7      |50.5      |11.1      |10.6      |23.4      |
|Group result from      |          |          |          |          |          |
|discontinued           |          |          |          |          |          |
|operations             |-11.7     |-26.5     |-1.7      |-10.0     |-14.0     |
|Group result           |10.0      |24.0      |9.4       |0.6       |9.4       |
|                       |          |          |          |          |          |
|Revenue by segment     |1st half  |1st half  |Q2/2009   |Q1/2009   |Q2/2008   |
|in EUR million         |2009      |2008      |          |adjusted2 |adjusted1 |
|                       |          |adjusted1 |          |          |          |
|Revenue for the Group3 |1,821.5   |734.0     |912.6     |909.0     |362.1     |
|1. Revenue Mobile      |          |          |          |          |          |
|   Communications      |1,704.3   |579.8     |857.0     |847.3     |290.4     |
|2. Revenue Broadband   |129.2     |157.9     |64.9      |64.3      |78.0      |
|3. Revenue Portal      |20.6      |26.9      |11.0      |9.7       |14.2      |
|4. Revenue Hosting     |45.1      |42.9      |22.4      |22.8      |21.9      |
|5. Revenue B2B         |37.7      |50.8      |16.6      |21.1      |21.0      |
|6. Revenue Narrowband  |23.5      |44.4      |10.6      |12.9      |19.5      |
|                       |          |          |          |          |          |
|Selected key data in   |1st half  |1st half  |Q2/2009   |Q1/2009   |Q2/2008   |
|million                |2009      |2008      |          |          |          |
|Total customers        |          |          |          |          |          |
|freenet Group4         |20.90     |9.86      |20.90     |21.62     |9.86      |
|Thereof contract       |          |          |          |          |          |
|customers              |          |          |          |          |          |
|(incl.no-frills)       |10.63     |5.23      |10.63     |10.73     |5.23      |
|Mobile communications  |          |          |          |          |          |
|customers5             |17.95     |5.98      |17.95     |18.53     |5.98      |
|Thereof contract       |          |          |          |          |          |
|customers              |8.52      |3.09      |8.52      |8.61      |3.09      |
|Thereof prepaid        |          |          |          |          |          |
|customers              |9.43      |2.89      |9.43      |9.92      |2.89      |
|Active Narrowband      |          |          |          |          |          |
|customers              |          |          |          |          |          |
|(Internet+telephony)   |1.07      |2.09      |1.07      |1.22      |2.09      |
|Paid service customers |          |          |          |          |          |
|Hosting                |1.36      |1.24      |1.36      |1.35      |1.24      |
|Paid service customers |          |          |          |          |          |
|Portal                 |0.52      |0.54      |0.52      |0.52      |0.54      | 

1  The previous year comparison figures have been adjusted retrospectively due
to IFRS 5 (discontinued operations) and due to the cessation of capitalising
customer acquisition and customer retention costs. Furthermore retrospective
reclassifications were made within the income statement items relating to
continued operations because the contract between freenet AG and 1&1 Internet
AG regarding the sale of the DSL business has now been signed. 

2  Retrospective reclassifications were made within the income statement items
relating to continued operations because the contract between freenet AG and
1&1 Internet AG regarding the sale of the DSL business has now been signed. 

3  The differences in revenue between the sum of the individual segments and
the total segments are the result of effects under IFRS 5 and interdivision
settlements. 

4  Without DSL. 

5  Only Germany. 

end of announcement                               euro adhoc
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(END) Dow Jones Newswires

August 13, 2009 01:36 ET (05:36 GMT)


Weitere Meldungen
12.11.2009 DJ EANS-Adhoc: freenet AG / freenet AG reports revenue of 2.71 billion euros and operating result (EBITDA)of 220.9 million euros for the first nine months of 2009
11.11.2009 DJ EANS-Adhoc: freenet AG / freenet AG reports revenue of 2.71 billion euros and operating result (EBITDA)of 220.9 million euros for the first nine months of 2009
13.05.2009 DJ EANS-Adhoc: freenet AG reports revenue of 912 million euros and operating result (EBITDA) of 81.8 million euros for Q1/2009

 

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