Corporate | 7 May 2014 08:00
DGAP-News: telegate AG / Key word(s): Quarter Results
07.05.2014 / 08:00
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Munich / Planegg, 7 May 2014 - telegate AG today announced that its digital
business recorded revenues of EUR 8,9 million in the first quarter of 2014.
The digital segment is developing well and contributed already 54% to the
company's total revenue (Q1 2013: 48%). Also the EBITDA before
non-recurring items improved significantly year-on-year, coming in at EUR
0.2 million in the first three months of the current financial year after
still being negative at EUR -0.1 million in the previous year.
At Group level results have been respectively: Revenues at EUR 16.4 million
versus EUR 18.7 million in the first quarter of 2013. The top line is still
heavily affected by the declining of Directory Assistance. Nevertheless, in
the first quarter of 2014 revenues dropped overall by only 12% while in the
same period in 2013 the reduction was still of about 16%. The EBITDA before
non-recurring effects is at EUR 2.6 million (Q1 2013: EUR 2.9 million), a
result which is well on schedule to meet the guidance of EUR 7 to 9 million
for 2014.
Due to non-recurring expenses for an adaptation of internal cost
structures, the financial result after tax amounted to EUR -1.7 million (Q1
2013: EUR 0.1 million) in the first quarter of 2014. In this period,
telegate AG focused both its product portfolio and its service processes
even more on customers' needs. A further increase in customer retention and
the growing number of long-standing customers are evidence of a successful
turnaround process.
In the next months, telegate AG will continue to work on establishing
itself as a long-term marketing partner for small and medium-sized
enterprises.
The full report of telegate AG on the first quarter of 2014 is available
at:
http://www.telegate.com/investor-relations/english/reports.html
Contact:
Anja Meyer
telegate AG
Tel.: 089/ 8954-1188
Fax: 089/ 8954-1189
E-Mail: anja.meyer@telegate.com
End of Corporate News
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Language: English
Company: telegate AG
Fraunhofer Str. 12a
82152 Planegg-Martinsried
Germany
Phone: +49 089 - 89 54 0
Fax: +49 089 - 89 54 10 10
E-mail: info@telegate.de
Internet: www.telegate.com
ISIN: DE0005118806
WKN: 511880
Indices: Prime All Share
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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