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freenet AG

EANS-Adhoc: freenet AG
freenet AG reports revenue of 2.71 billion euros and operating result (EBITDA)of 220.9 million euros for the first nine months of 2009

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
9-month report
11.11.2009
freenet AG reports revenue of 2.71 billion euros and operating result
(EBITDA) of 220.9 million euros for the first nine months of 2009
• 2.71 billion euros in revenue
    • 220.9 million euros in EBITDA
    • 257.4 million euros in cash flow from operating activities
    • Net financial debt reduced by 163.8 million euros
Büdelsdorf, 11 November 2009 - Against the backdrop of a strategic 
realignment towards mobile communications/mobile Internet and the 
integration of the debitel Group, which was consolidated from 5 July 
2008, freenet AG managed to improve its Group revenue to 2.71 billion
euros in the first three quarters of 2009 - an increase of 997 
million euros or 58 percent vs. the same period in 2008*.
Gross profit and EBITDA have also increased year-on-year: gross 
profit for the first three quarters of 2009 improved by 56.5 percent 
vs. 2008 to 566.2 million euros, while EBITDA for the first nine 
months of 2009 was up by 33.7 percent vs. 2008 to 220.9 million 
euros. These figures contain nearly 46 million euros in one-off 
expenses for the nine months of the year to date, of which around 40 
million euros were incurred by the Mobile Communications segment. In 
the first three quarters of 2008, one-off expenses were incurred only
in the Mobile Communications segment, and amounted to just under 41 
million euros.
The Group result from continued operations, i.e. without the DSL 
business and the STRATO Group, which is up for sale, was minus 1.0 
million euros for the first three quarters of 2009, compared with 
Group profits of 201.1 million euros in the first nine months of 
2008. The Group result for the first three quarters of 2009 was 
negatively impacted vs. the reference period 2008 by the 
depreciation, which increased by 89.1 million euros, and the interest
result, which declined by 27.9 million euros. In addition, non-cash 
deferred tax income from the debitel acquisition in Q3/2008 as well 
as non-cash deferred tax expenses in Q3/2009 due to the 
reclassification of the STRATO Group as a discontinued operation in 
particular resulted in negative deviation of 140.8 million euros in 
the income taxes shown for the nine months.
Cash flow from operating activities totalled 257.4 million euros for 
the first nine months of 2009, and net financial debt has been 
reduced by 163.8 million euros and is now at 1,162.1 million euros.
* The previous year´s figures shown here have been retrospectively 
adjusted to reflect the fact that costs for customer acquisition and 
customer retention are no longer being capitalised, and the 
application of IFRS 5 for "discontinued operations". Furthermore 
retrospective reclassifications were made within the income statement
items relating to continued operations because the contract between 
freenet AG and 1&1 Internet AG regarding the sale of the DSL business
has now been signed.
|Important KPI's of freenet Group                                         |
|Accounting method: IAS/IFRS                                              |
|Result in EUR million  |Q1-Q3/09  |Q1-Q3/08  |Q3/2009 |Q2/2009   |Q3/2008  |
|                       |          |adjusted1 |        |adjusted2 |adjusted1|
|Third-party revenue    |2,707.9   |1,710.7   |929.8   |891.0     |1,017.6  |
|Gross profit           |566.2     |361.8     |191.8   |188.3     |207.4    |
|EBITDA                 |220.9     |165.2     |78.7    |68.5      |98.2     |
|EBIT                   |69.6      |103.0     |30.2    |17.5      |49.6     |
|EBT                    |2.4       |63.7      |12.5    |-2.0      |12.5     |
|Group result from      |          |          |        |          |         |
|continued              |-1.0      |201.1     |-13.3   |6.9       |160.4    |
|operations             |          |          |        |          |         |
|Group result from      |          |          |        |          |         |
|discontinued           |13.0      |-36.9     |15.4    |2.4       |-20.2    |
|operations             |          |          |        |          |         |
|Group result           |12.0      |164.2     |2.1     |9.4       |140.2    |
|                       |          |          |        |          |         |
|Revenue by segment     |Q1-Q3/09  |Q1-Q3/08  |Q3/2009 |Q2/2009   |Q3/2008  |
|in EUR million         |          |adjusted1 |        |adjusted2 |adjusted1|
|Revenue for the Group3 |2,707.9   |1,710.7   |929.8   |891.0     |1,017.6  |
|1. Revenue Mobile      |          |          |        |          |         |
|    Communications     |2,601.6   |1,596.5   |897.3   |857.0     |1,016.7  |
|2. Revenue Broadband   |190.2     |233.8     |61.1    |64.9      |75.9     |
|3. Revenue Portal      |30.6      |36.3      |9.9     |11.0      |9.4      |
|4. Revenue Hosting     |67.9      |65.3      |22.8    |22.4      |22.5     |
|5. Revenue B2B         |53.9      |73.6      |16.3    |16.6      |22.7     |
|6. Revenue Narrowband  |33.0      |60.7      |9.5     |10.6      |16.3     |
|                       |          |          |        |          |         |
|Selected key data      |Q1-Q3/09  |Q1-Q3/08  |Q3/2009 |Q2/2009   |Q3/2008  |
|in million             |          |          |        |          |         |
|Total customers        |          |          |        |          |         |
|freenet Group4         |19.02     |22.25     |19.02   |19.54     |22.25    |
|Thereof contract       |          |          |        |          |         |
|customers              |          |          |        |          |         |
|(incl. no-frills)      |9.19      |9.53      |9.19    |9.27      |9.53     |
|Mobile Communications  |          |          |        |          |         |
|customers5             |17.62     |19.97     |17.62   |17.95     |19.97    |
|Thereof contract       |          |          |        |          |         |
|customers              |8.46      |8.67      |8.46    |8.52      |8.67     |
|Thereof prepaid        |          |          |        |          |         |
|customers              |9.16      |10.61     |9.16    |9.43      |10.61    |
|Thereof Netherlands    |          |          |        |          |         |
|(debitel)              |0.00      |0.69      |0.00    |0.00      |0.69     |
|Active Narrowband      |          |          |        |          |         |
|customers              |          |          |        |          |         |
|(internet + telephony) |0.88      |1.74      |0.88    |1.07      |1.74     |
|Paid service customers |          |          |        |          |         |
|Portal                 |0.52      |0.53      |0.52    |0.52      |0.53     |
|                       |          |          |        |          |         |
|                       |          |          |        |          |         |
|1 The previous year comparison figures have been adjusted retrospectively|
|due to IFRS 5 (discontinued  operations) and due to the cessation of     |
|capitalising customer acquisition and customer retention costs.          |
|Furthermore retrospective reclassifications were made within the income  |
|statement items relating to continued operations because the contract    |
|between freenet AG and 1&1 Internet AG regarding the sale of the  DSL    |
|business has now been signed.                                            |
|2 Retrospective adjustments were made in accordance with IFRS 5          |
|(discontinued operations) in view of the planned sale of the STRATO      |
|Group.                                                                   |
|3 The differences in revenue between the sum of the individual segments  |
|and the total segments are the result of effects under IFRS 5 and        |
|interdivision settlements.                                               |
|4 Without DSL and without Hosting.                                       |
|5 Only Germany.                                                          |
end of announcement                               euro adhoc

Further inquiry note:

freenet AG
Investor Relations
Tel.: +49 (0)40 513 06-778
E-Mail: ir@freenet.ag

Branche: Telecommunications
ISIN: DE000A0Z2ZZ5
WKN: A0Z2ZZ
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

Plus de actualités: freenet AG
Plus de actualités: freenet AG