DGAP-News: freenet AG reports successful first quarter as strong-selling digital lifestyle provider
(firmenpresse) - DGAP-News: freenet AG / Key word(s): Interim Report/Quarter Results
freenet AG reports successful first quarter as strong-selling digital
lifestyle provider
07.05.2013 / 18:09
---------------------------------------------------------------------
freenet AG reports successful first quarter as strong-selling digital
lifestyle provider
- First-quarter Group revenue rises to 775.2 million euros (previous
year: 757.2 million euros)
- Customer Ownership increases by 3.9 percent to 8.47 million customers
(previous year: 8.16 million customers)
- Group net income increases 48 percent to 60.2 million euros (previous
year: 40.6 million euros)
- Integration of GRAVIS is progressing as planned
Büdelsdorf, 7 May 2013 - freenet AG today published its interim report for
the first quarter of 2013 and confirms its outlook for the 2013 and 2014
fiscal years.
In the first quarter, the company recorded consolidated revenues of 775.2
million euros (previous year: 757.2 million euros). With a revenue
contribution of 767.5 million euros (previous year: 742.2 million euros),
the mobile communications segment continued to dominate the freenet Group's
business. Contributors to the revenue growth within mobile communications
include Gravis - Computervertriebsgesellschaft mbH, the leading digital
lifestyle provider for Apple products in Germany, since 1 February, and
MOTION TM Vertriebs GmbH, a leading online retailer in the mobile and
telecommunications sector, since 20 March.
The 'Customer ownership' customer base, an essential performance indicator
for high-value customer relationships in mobile communications, was
increased 3.9 percent year on year, to 8.47 million customers (previous
year: 8.16 million customers). Contract customers accounted for 0.11
million of this increase, while 0.21 million are no-frills customers, who
are reached mainly via online distribution channels. The key growth drivers
here were increased sales promotion and customer loyalty activities.
The average monthly revenue per user (ARPU) during the first quarter
declined year on year, to 22.4 euros for contract customers (previous year:
23.4 euros) and 3.5 euros for no-frills customers (previous year: 3.9
euros).
Therefore, the 6.0 percent increase in gross profit to 167.8 million euros
(previous year: 158.3 million euros) in the core business of mobile
communications is mainly attributable to the dynamic market development in
high-end smartphones - in conjunction with the increasing use of flat rates
- and to the extension of the product range to include in-demand digital
lifestyle products and accessories.
'This development confirms our strategic course of building the freenet
Group into the leading digital lifestyle provider of high-quality products
and services related to our core business of mobile communications,' says
Christoph Vilanek, CEO of freenet AG.
In all, the Group's EBITDA (earnings before depreciation and amortisation,
interest and tax) increased slightly to 85.3 million euros (previous year:
85.1 million euros).
Depreciation and amortization in the quarter under review decreased by 22.9
million euros to 14.2 million euros (previous year: 37.1 million euros),
which is almost exclusively due to lower amortisation of intangible assets
from the purchase price allocation in connection with the debitel
acquisition in fiscal 2008. The change in income taxes, from tax income of
3.1 million euros in Q1/2012 to tax expenses of 0.9 million euros in the
quarter under review, is also connected to this.
Thus, net income increased by 48 percent to 60.2 million euros (previous
year: 40.6 million euros), equivalent to earnings per share of 0.47 euro
(previous year: 0.32 euro).
Free cash flow* for the quarter decreased to 56.4 million euros (previous
year: 72.4 million euros). This development mainly relates to the first
quarter cut off date. Therefore, bonus payments by one network operator
were not received until early April 2013. This payment will accordingly
improve the figures for 2013 vis-à-vis the previous year in the second
quarter.
'Based on the good first-quarter results, we are confirming our forecast
for the 2013 and 2014 fiscal years,' says freenet AG CFO Joachim Preisig.
The full interim report for the first quarter of 2013 is available for
download from the freenet AG website:
http://www.freenet-group.de/investor/index.html.
***************************************
* Free cash flow is defined as cash flow from operating activities, minus
investments in property, plant and equipment and intangible assets, plus
proceeds from the disposal of property, plant and equipment and intangible
assets.
End of Corporate News
---------------------------------------------------------------------
07.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: freenet AG
Hollerstraße 126
24782 Büdelsdorf
Germany
Phone: +49 (0)40 51306-778
Fax: +49 (0)40 51306-970
E-mail: ir(at)freenet.ag
Internet: www.freenet-group.de
ISIN: DE000A0Z2ZZ5, DE000A1KQXU0
WKN: A0Z2ZZ , A1KQXU
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
210135 07.05.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 07.05.2013 - 18:09 Uhr
Sprache: Deutsch
News-ID 257160
Anzahl Zeichen: 7434
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 219 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: freenet AG reports successful first quarter as strong-selling digital lifestyle provider"
steht unter der journalistisch-redaktionellen Verantwortung von
freenet AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
