Corporate | 17 March 2016 08:00
DGAP-News: telegate AG / Key word(s): Final Results
2016-03-17 / 08:00
The issuer is solely responsible for the content of this announcement.
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EBITDA forecast met - Revenue and earnings decline in both segments - New
11880.com sector portal and first specialist portals launched successfully
after restructuring
Munich / Planegg, 17 March 2016 - telegate AG today announced that it
recorded revenue of EUR 53.5 million (2014: EUR 62.3 million) in financial
year 2015. Of this amount, the digital business accounted for EUR 32.5
million (2014: EUR 34.6 million) and the directory assistance business for
EUR 21.0 million (2014: EUR 27.7 million). EBITDA after non-recurring items
from data cost litigation, structuring and development costs came in at EUR
-0.3 million (2014: EUR 2.3 million). EBITDA before non-recurring items
amounted to EUR 4.3 million (2014: EUR 9.4 million), which was
substantially higher than the guidance of EUR 2.0 to 3.0 million published
by the company in early 2015.
"Of course, we are not satisfied with the result for financial year 2015.
In order to succeed in the market in the long term, we had to hit the reset
button last autumn. This is what we did, and the step has already produced
visible successes in recent months," said telegate CEO Christian Maar. For
example, by initiating the radical corporate reorganisation in the past
year and completely realigning the digital business, the company managed to
reduce personnel costs significantly. And in terms of products, the launch
of an affordable listing service resulted in the first increase in years in
customer figures. The service guarantees small businesses a permanent
presentation of the most important pieces of information in 30 of the
largest search engines and sector portals.
Going forward, telegate also offers consumers the opportunity to directly
ask companies from a large number of sectors for quotes for their specific
jobs. Specialist portals for roofers (www.11880-Dachdecker.com) and
removals (www.11880-umzug.com) have already been launched, and a further 20
are currently in the planning stage and will be implemented before the end
of the year. This week, telegate also went live with a new issue of its
online business directory at www.11880.com. Even today, the new sector
search engine already offers a number of innovative services in the context
of searching for the right local service provider. Additional exciting
features are already being developed and will follow in the coming weeks.
The new product range will be complemented in the coming months with
additional telephone services such as a 24/7 secretarial office service.
The 2015 annual report of telegate AG is available at:
http://www.telegate.com/htm/de/Investor_Relations/Geschaeftsberichte.htm
Contact:
Anja Meyer
telegate AG
Tel.: 089/ 8954-1188
Fax: 089/ 8954-1189
E-Mail: anja.meyer@telegate.com
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2016-03-17 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News Service