Kizoo AG

EANS-Adhoc: Kizoo AG - Q1 Report for Fiscal 2009

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3-month report


Karlsruhe, April 30, 2009. Kizoo AG (ISIN: DE000CMBT111), Karlsruhe, published its results for the first quarter of fiscal 2009 today. The first three months of the year developed on schedule, with significantly reduced costs. Against the backdrop of the difficult general economic situation, investments in the Technology Ventures business line were deliberately restrictive. The realization of the discontinued business lines Real Estate and Data Center makes good progress under the given economic framework conditions. The financial investments of the company (EUR 194.4 million including United Internet shares) developed in a stable manner with significantly lower interest income due to market circumstances. Against the backdrop of the dividend omission of United Internet, a net loss for the year of a low single digit million amount is now anticipated.

The operating cost basis of the company continued to be reduced, as planned. Earnings before interest and taxes (EBIT) amounted on a Group level during the reporting period to EUR -0.8 million (Q1/08: EUR -1.4 million). For Q1/09 the earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -0.7 million (Q1/08: EUR -1.1 million) with scheduled depreciations and amortizations of T EUR 57.

During the first quarter of fiscal 2009 the investment of liquid assets and other securities generated a positive financial result of EUR 0.3 million (Q1/08: EUR 1.3 million), so that the result from continued business lines totaled EUR -0.5 million (Q1/08: EUR -0.2 million). Furthermore, the result from the discontinued business lines Real Estate and Data Center of EUR -0.1 million (Q1/08: EUR -1.4 million) needs to be taken into account. This leads to a deficit of EUR -0.6 million (Q1/08: EUR -1.6 million) for the first quarter of 2009. The operating cash flow amounted to EUR -0.9 million versus EUR -1.6 million during the comparative prior year quarter.

Appendix: Table

|In EUR million                                                  |Q1/2009  |Q1/2008 |
|General administration costs                            |(0.7)      |(1.4)    |
|Research and development costs                         |(0.1)      |0          |
|Operating income from the continued business  |(0.8)      |(1.4)    |
|lines                                                                 |              |            |
|Financial result                                                |0.3         |1.3        |
|Result from continued business lines                |(0.5)      |(0.2)    |
|Result from discontinued business lines          |(0.1)      |(1.4)    |
|Net loss for the period                                    |(0.6)      |(1.6)    |
|Net loss for the period per share (in Euro)    |(0.02)    |(0.05)  |
|Liquid assets and other securities (including |194.4      |434.9    |
|United Internet shares)                                    |              |            |
|Shareholders' equity                                         |204.5      |446.3    |
|Balance sheet total                                          |215.8      |463.4    |

The full quarterly report is available on

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ots Originaltext: Kizoo AG
Im Internet recherchierbar:

Further inquiry note:
Kizoo AG, Investor Relations, Silvia Teschner, Tel.: 0721-5160-2701,

Branche: Online
ISIN:      DE000CMBT111
WKN:        CMBT11
Index:    CDAX, Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Börse München / free trade

Weitere Meldungen: Kizoo AG

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