freenet AG

EANS-Adhoc: freenet AG reports revenue of 912 million euros and operating result (EBITDA) of 81.8 million euros for Q1/2009

@@start.t1@@--------------------------------------------------------------------------------   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. --------------------------------------------------------------------------------@@end@@

quarterly report

13.05.2009

freenet AG reports revenue of 912 million euros and operating result (EBITDA) of 81.8 million euros for Q1/2009

•          Revenue of 912.0 million euros
•          EBITDA at 81.8 million euros
•          Cash flow from operating activities at 115.9 million euros

Büdelsdorf, 13 May 2009 - Following the debitel acquisition, which was concluded in mid-2008, freenet AG managed, in a tense market environment, to increase its revenue to 912.0 million euros in Q1/2009, compared with 376.4 million euros (adjusted*) in Q1/2008.

Gross profit and EBITDA for Q1/2009 were also up considerably year-on-year: gross profit more than doubled, from 98.5 million euros in Q1/2008 to currently 206.0 million euros, while EBITDA increased to 81.8 million euros vs. Q1/2008 (51.8 million euros). These figures include one-off expenses in the amount of 4.7 million euros.

The group result from continued operations - i.e. without the DSL business, which is up for sale - declined year-on-year, from 27.1 million euros to 10.6 million euros due in particular to bank loans taken on as part of the debitel acquisition.

A cash flow from operating activities of 115.9 million euros has been generated in Q1/2009.

*The previous year´s figures cited here are retrospectively adjusted figures to reflect the switch in reporting the costs of customer acquisition and retention, and the application of IFRS 5 for `discontinued operations´.

Important KPI's of freenet group

@@start.t2@@|Accounting method: IAS/IFRS         |              |                  |                 |
|                                                    |              |                  |                 |
|Result in EUR million                  |Q1/2009  |Q4/2008        |Q1/2008      |
|                                                    |              |                  |adjusted*  |
|Third-party revenue                      |912.0      |1,090.1        |376.4         |
|Gross profit                                 |206.0      |221.7          |98.5          |
|EBITDA                                          |81.8        |16.2            |51.8          |
|EBIT                                              |27.1        |-37.7          |42.0          |
|EBT                                                |-2.9        |-86.1          |40.3          |
|Group result from                         |              |                  |                 |
|continued operations                    |10.6        |-68.0          |27.1          |
|Group result from                         |              |                  |                 |
|discontinued operations                |-10.0      |15.4            |-12.5         |
|Group result                                 |0.6         |-52.6          |14.6          |
|                                                    |              |                  |                 |
|Revenue by segment                        |Q1/2009  |Q4/2008        |Q1/2008      |
|in EUR million                              |              |                  |adjusted*  |
|Revenue for the group**                |912.0      |1,090.1        |376.4         |
|1. Revenue Mobile Communications |847.3      |1,058.2        |289.4         |
|2. Revenue Broadband                    |64.3        |68.8            |79.9          |
|3. Revenue Portal                         |9.7         |11.5            |12.7          |
|4. Revenue Hosting                        |22.8        |22.4            |20.9          |
|5. Revenue B2B                              |21.1        |27.5            |29.9          |
|6. Revenue Narrowband                  |12.9        |15.3            |24.8          |
|                                                    |              |                  |                 |
|Selected key data in million        |Q1/2009  |Q4/2008        |Q1/2008      |
|                                                    |              |                  |                 |
|Total customers freenet Group      |22.52      |23.29          |11.36         |
|Thereof contract customers          |              |                  |                 |
|(incl. no-frills)                         |11.64      |11.86          |6.41          |
|Mobile Communications customers  |18.53      |19.12          |5.82          |
|Thereof contract customers          |8.61        |8.83            |3.03          |
|Thereof prepaid customers            |9.92        |10.29          |2.79          |
|Thereof Netherlands                      |-            |-                 |-                |
|Active Narrowband customers         |              |                  |                 |
|(internet+telephony)                    |1.22        |1.41            |2.56          |
|DSL customers                                |0.91        |0.94            |1.19          |
|Paid service customers Hosting    |1.35        |1.29            |1.23          |
|Paid service customers Portal      |0.52        |0.52            |0.57          |
|                                                    |              |                  |                 |
|                                                    |              |                  |                 |
|* 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.                                                                                 |
|** 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.                                                |@@end@@

@@start.t3@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: freenet AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
freenet AG
Investor Relations
Tel.: (040) 51306-778
E-Mail: investor.relations@freenet.ag

Branche: Online
ISIN:      DE000A0EAMM0
WKN:        A0EAMM
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