PrimaCom AG

euro adhoc: PrimaCom AG
Annual Reports
PRIMACOM REPORTS ITS ANNUAL RESULTS FOR 2005 PrimaCom presents stable figures despite a difficult restructuring year

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In the financial year 2005 the revenues of the PrimaCom Group in Germany remained at 118 million euros only 3 percent under the year before.

The operating profit improved in the financial year ended 31, December 2005 from 4.1 million euros in 2004 to 4.3 million euros.

Earnings before interest, taxes and  depreciation  (EBITDA) in the financial year 2005 decreased to 47.2 million euros 5.2 percent lower than in 2004. However, EBITDA in 2005 was negatively influenced by extraordinary expenses of 4.3 million euros relating to the financial restructuring of the group and additionally with start up losses of 5.3 million euros from its new business easyTV. Adjusted for these effects PrimaCom Germany achieved in the financial year ended 31, December 2005 an EBITDA of 56.8 million euros, 2.6 percent lower than in 2004.

Due to gains on extinguishment of Debt resulting from the above mentioned financial restructuring together with a gain on the disposal of its Dutch Subsidiary Multikabel  PrimaCom  reported an annual profit after tax for the fiscal year 2005 of 240.0 million euros. In the financial year 2004 the company reported a deficit of 110.0 million euros. As a result of these developments the Group’s Equity improved from -195 million euros at 31st December 2004 to +45 Mil. euros at 31, December 2005

In Germany the number of revenue generating units decreased by 20.281 or 2.1 percent from 972.499 at 31st December, 2004 to 952.218 at 31st December, 2005. While the number of Analogue subscribers decreased by approx. 2.8 percent, the number of Internet customers grew by 53.6 percent    reaching 15.898 subscribers.

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ots Originaltext: PrimaCom AG
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Further inquiry note:
Investor Relations
Telefon: +49(0)6131 944 522

Branche: Telecommunications Equipment
ISIN:      DE0006259104
WKN:        625910
Börsen:  Börse Berlin-Bremen / 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
              Frankfurter Wertpapierbörse / regulated dealing/general

Weitere Meldungen: PrimaCom AG

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