November 12, 2012
Nine-month figures: TELES AG is recording significant increase in turnover and strong profit improvement
Increase in revenues and gross profit, outlook confirmed
Adhoc Notification by TELES AG Informationstechnologien pursuant to Sect. 15 of the German Securities Trading Act (WpHG)
- Revenues increase of 7 per cent
- Significant improvement of gross profit
- Forecast for the entire year confirmed
Overview of the corporate key figures of TELES for Q1-3 of 2012 (according to IFRS, unaudited)
| TELES Group (in mn €) | 1/1/2012 - 30/9/2012 | 1/1/2011 - 30/9/2011 | Change |
|---|---|---|---|
| Revenues | 9,30 | 8,70 | 7 % |
| Gross Profit | 4,73 | 3,92 | 21 % |
| EBIT | -2,42 | -4,77 | 49 % |
Berlin, November 12, 2012. Technology company TELES AG Informationstechnologien (ISIN: DE0007454902) picked up considerable speed during the past three quarters and achieved vigorous improvement of all relevant key figures. The forecast for lapsing fiscal year 2012 has been confirmed.
Revenues and Earnings
During the first nine months, the revenues increased by seven per cent to 9.3 mn € and is thus fully in line with the forecast. The gross profit amounted to 4.73 mn €. This constitutes an increase of 21 per cent compared to last year. The earnings before interest, taxes, depreciation and amortization (EBITDA) reveal a minus of 2.23 mn € which is half of last year's loss.