Ad-hoc | 8 March 2006 08:11
telegate AG: telegate grows in revenue and profit in 2005 – dividend payment fixed at €0.65 per share
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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In the fiscal year of 2005 telegate has further continued its sustained
success. In the reporting period an annual net income to the amount of
€27.1 million has been achieved (fiscal year 2004: €27.3 million). However,
in this previous year’s result a one-off special effect to the amount of
€7.8 million has to be taken into consideration. When adjusted by this
amount, an annual comparison shows a clear increase in profits for 2005. On
the basis of the net earnings for 2005 the Management Board and the
Supervisory Board have decided to suggest to the shareholders’ meeting on
May 15, 2006 a distribution to the amount of €0.65 per share. On the basis
of the current share price level this corresponds to a dividend yield of
over 3 per cent. With its first-time dividend payment in 2006 the company
at the same time is giving a signal for a long-term dividend policy.
At €150.1 million revenues have risen in the fiscal year 2005 by over 6 per
cent in comparison with the previous year (fiscal year 2004: €141.2
million). The increase in revenues in the segments was sharply
differentiated in this. While domestic business remained virtually stable
with a turnover of €115.2 million, telegate achieved revenues in foreign
transactions of €34.9 million, thereby attaining an increase of 40 per cent
in comparison with the previous year. The foreign share in the group’s
revenues thus increased in 2005 to around 23 per cent (fiscal year 2004: 18
per cent).
The earnings before interest, taxes and depreciations (EBITDA) improved in
the period under review by 6.5 per cent from €35.6 million to €37.9 million
in 2005. Thereby, telegate exceeded its own guidance of at least €35
million for the fiscal year of 2005 and was able once more to improve its
profit margin.
As of December 31, 2005 telegate has a holding in liquid assets to the
amount of €51.4 million (2004: €33.8 million) as well as a shareholders’
equity quota of around 50 per cent (2004: 42 per cent). This splendid
financial funding will also continue to form the basis for the
implementation of telegate group’s growth plans.
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Informationen und Erläuterungen des Emittenten zu dieser Ad-Hoc-Mitteilung:
Notice: The date for the next ordinary shareholders’ meeting of telegate AG
has been brought forward from 17th May 2006 to 15th May 2006.
telegate AG
Claudia Strixner
Fraunhofer Str. 12a – 82152 München-Martinsried
Tel.: 089/ 8954-1188 – Fax: 089/ 8954-1189
e-mail: claudia.strixner@telegate.com
(c)DGAP 08.03.2006
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language: English
emitter: telegate AG
Fraunhofer Str. 12a
82152 München-Martinsried Deutschland
phone: +49 089 – 89 54 0
fax: +49 089 – 89 54 10 10
email: info@telegate.de
WWW: www.telegate.de
ISIN: DE0005118806
WKN: 511880
indexes:
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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