DGAP-News: telegate AG's preliminary figures for the fiscal year 2010: annual profit guidance met
(firmenpresse) - DGAP-News: telegate AG / Key word(s): Preliminary Results
telegate AG's preliminary figures for the fiscal year 2010: annual
profit guidance met
08.03.2011 / 08:00
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- Progress in the transformation: business sector Media with a growth of
revenues of 27 percent, share of revenues in group revenues already 28
percent in Q4 2010
- Profit target reached: EBITDA before non-recurring items at EUR 23.2 m
- Solid financial position: net liquid assets amounted to EUR 48.8 m as
of December 31, 2010.
Planegg-Martinsried near Munich, March, 8, 2011 - telegate AG's business
development of the fiscal year 2010 was still affected by the
transformation process from a telephone DA provider to a local search
specialist and marketing partner for SMEs.
According to preliminary business figures, total group revenues amounted to
EUR 124.6 m compared to EUR 133.1 m in the previous year. As expected,
revenues in the classic DA business decreased by approx. 14 percent from
EUR 108.6 m to EUR 93.6 m. Revenues in terms of advertising offers for SMEs
in the business sector Media showed a dynamic growth of 27 percent from EUR
24.5 m to EUR 31.0 m. The positive development of the transformation
process is also proven by the share of the promising business sector Media
in group revenues: it increased from 18 percent in the fiscal year 2010 to
25 percent now. This share already amounted to 28 percent in Q4 2010.
Earnings performance: profit guidance reached
The trend of profits of the fiscal year 2010 was characterised by a
declining contribution to earnings of the high-margin DA business which
could not yet be compensated in the past annual year by the increasing -
however lower-margin - Media business. According to preliminary figures,
this results in annual corporate earnings before depreciation and
amortization, interest and taxes (EBITDA) before non-recurring items in the
amount of EUR 23.2 m compared to EUR 33.0 m in the previous year. Thus, the
company reached its annual profit guidance due to an accompanying cost
discipline across the structural cost pool, in particular. The profit
guidance provided an EBITDA before non-recurring items in the amount of EUR
23 m to EUR 27 m. A contribution to earnings of the Italian business, which
was sold in 2010, was still included in this guidance.
Segments: Germany widely in line with the group trend, Spain with a growth
of earnings
The distribution of revenues at a segment level illustrates the company's
increasing focus on the German core market: total revenues of the segment
Germany amounted to EUR 113.6 m compared to EUR 121.7 m. In spite of the
still challenging market environment in Spain, the segment was able to
maintain its revenues in the amount of EUR 11.0 m almost at the previous
year's level by higher revenues per call and to increase segment EBITDA
from EUR 1.0 m in the previous year to EUR 1.4 m.
Financial position: net liquid assets of EUR 48.8 m
The liquidity situation of the telegate group in the fiscal year 2010 was
affected by the operative trend of profits, the inflow of cash from the
sale of the Italian subsidiary, the dividend distribution and the
implemented share repurchase program. Thus, this results in an amount of
liquid assets of EUR 48.8 m as of December 31, 2010. This is EUR 11.2 less
than as of the reporting date of the previous year.
Note: telegate AG will announce the final certified business figures of
the fiscal year 2010 including a dividend proposal on March 30, 2011.
Preliminary business figures telegate AG, 2010 2009 +/- in %Contact:
January-December of the corresponding
fiscal year
Group revenues 124.6 133.1 - 6.3
Revenues business sector DA solutions 93.6 108.6 -13.8
Revenues business sector Media 31.0 24.5 +26.7
EBITDA before non-recurring items 23.2 33.0 -29.7
Liquid assets (as of December 31) 48.8 59.9 -18.6
All figures stated in EUR m; group figures refer to continued operations
Joerg Kiveris
telegate AG
Head of Public Relations Department
Fraunhofer Str. 12a
82152 Planegg-Martinsried
Germany
Phone: +49 (89) 895-4118 8
Fax: +49 (89) 895-4118 9
E-mail: presse(at)telegate.com
http://twitter.com/telegate
http://www.youtube.com/telegateAG
End of Corporate News
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08.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: telegate AG
Fraunhofer Str. 12a
82152 Planegg-Martinsried
Deutschland
Phone: +49 089 - 89 54 0
Fax: +49 089 - 89 54 10 10
E-mail: info(at)telegate.de
Internet: www.telegate.com
ISIN: DE0005118806
WKN: 511880
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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114675 08.03.2011Unternehmensinformation / Kurzprofil:
Datum: 08.03.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 33401
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Kategorie:
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