April 22, 2013
Mixed Start to 2013. Reduced costs and reorganization to foster results
Fundamental earnings improvement, slight decrease in turnover
Adhoc Notification by TELES AG Informationstechnologien pursuant to Sect. 15 of the German Securities Trading Act (WpHG)
Overview of the corporate key figures of TELES for Q1 of 2013
(according to IFRS, unaudited)
| TELES Group (in mn €) | 1/1/2013 - 31/3/2013 | 1/1/2012 - 31/3/2012 | Change |
|---|---|---|---|
| Revenue | 2.75 | 2.99 | -8 % |
| Gross Profit | 1.66 | 1.47 | 13 % |
| EBIT | -0.31 | -0.50 | 38 % |
Berlin, April 22, 2013. Albeit a slight decrease in sales, TELES succeeded in amending q1 results. At € 2.75 million, revenue for the first quarter is slightly below the previous year. Gross Profit amounted to 1.66 mn €. The operating profit (EBIT) shows strong growth of 38 per cent to a loss of 0.31 mn €.
The mixed start to the year is mainly due to delays in some promising tenders which should have been ready for a decision in the first quarter, according to the original planning. Due to massive cost reductions and positive effects from the reorganization in recent months, TELES accomplished to significantly improve operating results.