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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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  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
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13.05.2009 

freenet AG reports revenue of 912 million euros and operating result (EBITDA) of
81.8 million euros for Q1/2009 

*       Revenue of 912.0 million euros
*       EBITDA at 81.8 million euros
*       Cash flow from operating activities at 115.9 million euros 

Büdelsdorf, 13 May 2009 - Following the debitel acquisition, which was concluded
in mid-2008, freenet AG managed, in a tense market environment, to increase its
revenue to 912.0 million euros in Q1/2009, compared with 376.4 million euros
(adjusted*) in Q1/2008. 

Gross profit and EBITDA for Q1/2009 were also up considerably year-on-year:
gross profit more than doubled, from 98.5 million euros in Q1/2008 to currently
206.0 million euros, while EBITDA increased to 81.8 million euros vs. Q1/2008
(51.8 million euros). These figures include one-off expenses in the amount of
4.7 million euros. 

The group result from continued operations - i.e. without the DSL business,
which is up for sale - declined year-on-year, from 27.1 million euros to 10.6
million euros due in particular to bank loans taken on as part of the debitel
acquisition. 

A cash flow from operating activities of 115.9 million euros has been generated
in Q1/2009. 

*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´. 

Important KPI's of freenet group
|Accounting method: IAS/IFRS      |         |            |           |
|                                 |         |            |           |
|Result in EUR million            |Q1/2009  |Q4/2008     |Q1/2008    |
|                                 |         |            |adjusted*  |
|Third-party revenue              |912.0    |1,090.1     |376.4      |
|Gross profit                     |206.0    |221.7       |98.5       |
|EBITDA                           |81.8     |16.2        |51.8       |
|EBIT                             |27.1     |-37.7       |42.0       |
|EBT                              |-2.9     |-86.1       |40.3       |
|Group result from                |         |            |           |
|continued operations             |10.6     |-68.0       |27.1       |
|Group result from                |         |            |           |
|discontinued operations          |-10.0    |15.4        |-12.5      |
|Group result                     |0.6      |-52.6       |14.6       |
|                                 |         |            |           |
|Revenue by segment               |Q1/2009  |Q4/2008     |Q1/2008    |
|in EUR million                   |         |            |adjusted*  |
|Revenue for the group**          |912.0    |1,090.1     |376.4      |
|1. Revenue Mobile Communications |847.3    |1,058.2     |289.4      |
|2. Revenue Broadband             |64.3     |68.8        |79.9       |
|3. Revenue Portal                |9.7      |11.5        |12.7       |
|4. Revenue Hosting               |22.8     |22.4        |20.9       |
|5. Revenue B2B                   |21.1     |27.5        |29.9       |
|6. Revenue Narrowband            |12.9     |15.3        |24.8       |
|                                 |         |            |           |
|Selected key data in million     |Q1/2009  |Q4/2008     |Q1/2008    |
|                                 |         |            |           |
|Total customers freenet Group    |22.52    |23.29       |11.36      |
|Thereof contract customers       |         |            |           |
|(incl. no-frills)                |11.64    |11.86       |6.41       |
|Mobile Communications customers  |18.53    |19.12       |5.82       |
|Thereof contract customers       |8.61     |8.83        |3.03       |
|Thereof prepaid customers        |9.92     |10.29       |2.79       |
|Thereof Netherlands              |-        |-           |-          |
|Active Narrowband customers      |         |            |           |
|(internet+telephony)             |1.22     |1.41        |2.56       |
|DSL customers                    |0.91     |0.94        |1.19       |
|Paid service customers Hosting   |1.35     |1.29        |1.23       |
|Paid service customers Portal    |0.52     |0.52        |0.57       |
|                                 |         |            |           |
|                                 |         |            |           |
|* 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.                                                   |
|** 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.                              | 

end of announcement                               euro adhoc
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(END) Dow Jones Newswires

May 13, 2009 01:28 ET (05:28 GMT)