News Column

DGAP-News: telegate closes first quarter of 2014: Digital business with further increased revenue share and improved profitability

May 6, 2014

DGAP-News: telegate AG / Key word(s): Quarter Results telegate closes first quarter of 2014: Digital business with further increased revenue share and improved profitability 07.05.2014 / 08:00 --------------------------------------------------------------------- Munich / Planegg, 7 May 2014 - telegate AG today announced that its digital business recorded revenues of EUR 8,9 million in the first quarter of 2014. The digital segment is developing well and contributed already 54% to the company's total revenue (Q1 2013: 48%). Also the EBITDA before non-recurring items improved significantly year-on-year, coming in at EUR 0.2 million in the first three months of the current financial year after still being negative at EUR -0.1 million in the previous year. At Group level results have been respectively: Revenues at EUR 16.4 million versus EUR 18.7 million in the first quarter of 2013. The top line is still heavily affected by the declining of Directory Assistance. Nevertheless, in the first quarter of 2014 revenues dropped overall by only 12% while in the same period in 2013 the reduction was still of about 16%. The EBITDA before non-recurring effects is at EUR 2.6 million (Q1 2013: EUR 2.9 million), a result which is well on schedule to meet the guidance of EUR 7 to 9 million for 2014. Due to non-recurring expenses for an adaptation of internal cost structures, the financial result after tax amounted to EUR -1.7 million (Q1 2013: EUR 0.1 million) in the first quarter of 2014. In this period, telegate AG focused both its product portfolio and its service processes even more on customers' needs. A further increase in customer retention and the growing number of long-standing customers are evidence of a successful turnaround process. In the next months, telegate AG will continue to work on establishing itself as a long-term marketing partner for small and medium-sized enterprises. The full report of telegate AG on the first quarter of 2014 is available at: Contact: Anja Meyertelegate AG Tel.: 089/ 8954-1188 Fax: 089/ 8954-1189 E-Mail: End of Corporate News --------------------------------------------------------------------- 07.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------- Language: English Company: telegate AG Fraunhofer Str. 12a 82152 Planegg-Martinsried Germany Phone: +49 089 - 89 54 0 Fax: +49 089 - 89 54 10 10 E-mail: Internet: ISIN: DE0005118806 WKN: 511880 Indices: Prime All Share Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÜsseldorf, Hamburg, Hannover, MÜnchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 266837 07.05.2014

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: DGAP Corporate News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters