euro adhoc: AG
Financial Figures/Balance Sheet AG in 2005: 50 Percent Revenue Growth, Pre-tax Earnings on Plan

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· Rising revenues in all segments  · Adjusted pre-tax earnings on par with previous year despite massive investments in sustained growth  · Nearly 700,000 DSL customers at year-end (doubling of DSL customers since year-end 2004) AG / Hamburg - AG, Hamburg, significantly increased its revenues in all four of its business segments in 2005. Despite massive investments in future growth, pre-tax earnings - adjusted for merger-related non-recurring expenses - were on par with the previous year’s levels (the financials reported in the following are preliminary figures under IFRS).

Internet Access - dominated by a thriving broadband business - was the strongest revenue driver, contributing over EUR339.0 million; within a single year, the number of DSL customers doubled from 350,000 to nearly 700,000 at the end of 2005. freenet also managed to add important telephony market shares in 2005. Accordingly, revenues in this segment rose by seven percent to over EUR158.2 million despite dwindling prices. freenet’s Portal business also delivered a gratifying performance, increasing its revenues by over 182 percent to EUR100.6 million. Apart from the highly successful marketing of the entire network, and flourishing Internet sales of products, the successful integration of the STRATO Medien AG (acquired in Q1/2005) and its hosting business played an essential role in this success. B2B revenues surged by over 2,100 percent to EUR117.3 million, fueled by the 2005 acquisition of the value-added services provider NEXT-ID GmbH (formerly Talkline ID GmbH). With annual revenues of EUR715.1 million, freenet not only grew its total revenues by over 50 percent year on year, but also well exceeded the at the beginning of the year 2005 given forecast (over EUR650 million).

The second half of 2005 in particular was fraught with aggressive competition, the intensity of which came as a surprise even to the freenet Executive Board. Despite this freenet invested massively to ensure sustained growth in all its lines of business. Even given this background, the results were on par with the previous year (all financials in the following are reported without taking into account merger-related non-recurring expenses totaling EUR11.7 million): At EUR128.3 million (EUR127.4 million in 2004), adjusted EBITDA is within the range projected for 2005 (EUR125 million to EUR140 million). Adjusted earnings before taxes came to EUR92.6 million (EUR91.7 million in 2004).

freenet is one of Germany’s fastest growing telecommunications companies and continues to strive for steady growth in all four of its pillars. In light of the planned amalgamation between AG and mobilcom AG, it is not yet foreseeable at this point when the final business figures will be released.

@@start.t2@@                                              2005         2005 (incl. merger-related 2004
                                              adjusted* non-recurring expenses)      adjusted**
Revenues                                 715,085    715,085                                471,582
Segment: Internet access        338,970    338,970                                282,727
Segment: Portal                      100,643    100,643                                35,592
Segment: Voice                        158,153    158,153                                148,132
Segment: B2B Services            117,319    117,319                                5,131
EBITDA                                    128,280    116,596                                127,390
Earnings before taxes (EBT)  92,615      80,931                                 91,683@@end@@

Financial data per IFRS; in TEUR / Source: AG * Adjusted for merger-related non-recurring expenses totaling TEUR 11,684. ** Adjustments as part of the first-time application of IFRS 2 for 2004.

@@start.t3@@end of announcement                                                 euro adhoc 28.02.2006 09:42:58

ots Originaltext: AG
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Further inquiry note:
Andreas Neumann
Investor Relations
Tel.: +49 (0)40 51306 778

Branche: Online
ISIN:      DE0005792006
WKN:        579200
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              Bayerische Börse / free trade

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