freenet AG

EANS-News: freenet AG
freenet Group reports a successful Q1/2011

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

quarterly report/Q1/2011

Büdelsdorf (euro adhoc) - freenet Group reports a successful Q1/2011

• Group revenue of 788.8 million euros • Recurring Group EBITDA at 84.1 million euros • Group result of 26.0 million euros • Free cash flow* of 72.5 million euros

Büdelsdorf, 11 May 2011 - freenet AG has gotten off to a successful start in the new financial year. "All of our key financials for the first three months of the year are within our internal plan for the quarter," said freenet AG CEO Christoph Vilanek commenting on the first-quarter figures.

The freenet Group generated recurring Group EBITDA (earnings before interest, tax, depreciation and amortisation) - adjusted for one-off items - of 84.1 million euros, and free cash flow came to 72.5 million euros.

In spite of a reduced customer base, freenet AG generated Group revenue of 788.8 million euros in Q1/2011 (-1.8 percent vs. Q1/2010). The Group result from continued operations increased by 9.9 million euros, from 16.0 million euros in the first three months of 2010 to 25.9 million euros in Q1/2011. The Group result including discontinued operations was 26.0 million euros (Q1/2010: 20.8 million euros).

At 15.64 million, the total number of mobile communications customers was maintained at the same level as at the end of the year 2010, with a slight decrease by 18,000. As a result of the continued qualitative adjustment, the number of postpaid customers fell by 174,000; at the same time, freenet AG saw its customer base increase by 82,000 in the no-frills segment and by 74,000 in the prepaid segment.

The monthly average revenue per contract customer (ARPU) improved by 0.5 euro, from 22.8 euros in Q1/2010 to 23.3 euros in Q1/2011.

The planning for 2011 stipulates a continued qualitative adjustment of the postpaid customer base by less than 500,000 and a continued positive development of the no-frills customer base. Accordingly, freenet AG continues to expect recurring Group EBITDA of 325 million euros and free cash flow of over 200 million euros for the financial year 2011.

*Free cash flow is defined as cash flow from operating activities, minus investments in property, plant and equipment and intangible assets, plus proceeds from the disposal of property, plant and equipment and intangible assets.

end of announcement                               euro adhoc


Andreas Neumann
Head of Investor Relations
Tel.: +49 (0) 40 51306-778

Branche: Telecommunications
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technology 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

Weitere Meldungen: freenet AG

Das könnte Sie auch interessieren: