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freenet.de AG

euro adhoc: freenet.de AG
Quarterly or Semiannual Financial Statements / freenet.de with strong revenue growth in 2nd quarter 2005

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
08.08.2005
freenet.de with strong revenue growth in 2nd quarter 2005  • Record
revenues of 178.28 million euros (+ 63 percent versus Q2/04) • EBITDA
of 31.15 million euros (+ 6.4 percent versus Q2/04)  • Earnings
before taxes of 20.35 million euros despite high marketing expenses -
slightly up on the same quarter last year
freenet.de AG / Hamburg - freenet.de AG remains on course for growth,
regardless of the increasingly stiff competition. The company
succeeded in increasing total revenues in the second quarter of 2005
by a further 22 percent on the record level of the first quarter of
2005 to 178.28 million euros; in comparison with the same quarter of
the previous year the increase amounts to almost 63 percent. After
deducting cost of materials amounting to 100.65 million euros a gross
profit of 77.63 million euros calculates for the second quarter - an
increase of 45 percent compared to the same quarter of the previous
year, which corresponds to a gross profit margin of nearly 44
percent.  With total revenues of 324.54 million euros the following
results and growth rates calculate for the first half-year of 2005
compared to the same period in 2004: EBITDA rose by 7 percent to
67.74 million euros (31.15 million euros of this in Q2/2005).
Earnings before taxes (EBT) rose compared to the same period last
year by 9 percent to 48.40 million euros (20.35 million euros of this
in Q2/2005) and the group result by 11 percent to 29.92 million euros
(12.49 million euros of this in Q2/2005). The traditionally low
Internet usage in the summer months as well as high marketing
expenses for TV advertising and for the launch campaign for the DSL
offer of the newly-acquired STRATO group led to a decline as planned
in the result indices in the second quarter of 2005 compared to the
previous quarter (all results for Q1/2005: EBITDA 36.59 million
euros, EBT 28.06 million euros, group result 17.43 million euros).
Cash and cash equivalents increased markedly in comparison with the
end of the first quarter of 2005, by almost 31 million euros or 34
percent, to 121.9 million euros. "This demonstrates that we have
absorbed very well the acquisitions we made at the end of the fourth
quarter of 2004 and paid for in the first half of 2005," said Eckhard
Spoerr, CEO of freenet.de AG.  The segment with the strongest
revenues by far remains the Internet access with 79.88 million euros
- an increase of 24 percent compared to the same quarter of the
previous year. Thanks to the successful growth of DSL customers the
total number of Internet access customers at the end of June 2005 of
3.71 million was at the same level as the comparison reference date
at the end of June 2004 - despite a decline of about nine percent in
the number of narrow band customers during the same period. From May
onwards freenet again took a more active part in the DSL business
amidst increasingly hard competition. The number of new customers
showed a correspondingly clear growth from May 2005 on, after a
rather restrained April: in the second quarter freenet gained 60,000
new DSL customers. Compared to the end of the first half-year of 2004
freenet increased the number of its DSL customers on 30 June 2005 by
over 150 percent or 320,000 customers, to 525,000.  In the voice
segment sales climbed by 10 percent compared to Q2/2004 to 39.71
million euros. The number of call-by-call customers likewise rose by
10 percent compared to Q2/2004, to nearly 4.2 million. In
pre-selection customers and direct lines, the company grew by roughly
25 percent year-on-year, to approx. 570,000 - remaining on a par with
the high level seen in the previous quarter. The strongest growth in
the second quarter was in the B2B segment, soaring to 34.57 million
euros, up by more than 1,500 percent over Q1/2005 and 2,700 percent
over Q2/2004. Here, the revenues of the value-added services provider
Next-ID (previously Talkline ID) are included for the first time
following the consolidation in early April 2005. The portal business
also continues to show a very gratifying development, with
second-quarter revenues tripling year-on-year to currently 24.13
million euros. "This reflects the first-time consolidation of the
newly acquired STRATO group over an entire quarter - and the prudence
of our strategy of relying on a combination of organic and inorganic
growth", commented Eckhard Spoerr.
                            Q2/2005 Q1/2005 Q2/2004  1.half 05  1.half 04
                                            adjusted            adjusted
Revenues                    178,279 146,256 109,624  324,535    229,100
Segment: Internet           79,876  84,187  64,355   164,063    141,115
Segment: Voice              39,709  39,914  35,944   79,623     70,574
Segment: Portal             24,129  20,041  8,091    44,170     14,881
Segment: B2B Services       34,565  2,114   1,234    36,679     2,530
Gross profit                77,627  73,842  53,404   151,469    120,497
EBITDA                      31,150  36,588  29,287   67,738     63,256
Earnings before taxes (EBT) 20,346  28,056  19,919   48,402     44,320
Group result                12,490  17,429  12,401   29,919     27,070
Capital and reserves        281,304 268,814 161,517  281,304    161,517
Balance sheet total         516,432 463,664 317,282  516,432    317,282
Cash and cash equivalents   121,891 90,925  155,589  121,891    155,589
Financial data per IFRS; in TEUR / Source: freenet.de AG
All those who are interested can find the report on the second
quarter at: www.freenet-ag.de in the area of Investor Relations.
end of announcement                               euro adhoc 08.08.2005 07:30:00

Further inquiry note:

Andreas Neumann
Investor Relations
Tel.: +49 (0)40 51306 778
E-Mail: IR@freenet-ag.de

Branche: Online
ISIN: DE0005792006
WKN: 579200
Index: TecDAX, Prime Standard, CDAX, Prime All Share, HDAX,
Technologie All Share, Midcap Market Index
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

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