April 17, 2014

Subdued start to the year: Investment and absence of special effects impact the result

Surge in sales in business unit Enterprise Solutions

Adhoc Notification by TELES AG Informationstechnologien pursuant to Sect. 15 of the German Securities Trading Act (WpHG)

  • Weaknesses in the Access Solutions business segment
  • Surge in sales in the Enterprise Solutions business segment
  • Investments in R&D and Service

The key data for TELES for Q1 of 2014 at a glance

TELES Group (in k €)1/1/2013 - 31/3/20131/1/2014 - 31/3/2014Change
Revenue2,7542,630-5 %
Gross Profit1,6591,492-10 %
EBIT-311-561-80 %

Berlin, April 17, 2014. Due to investment in research and development, and after the disappearance of special effects from the previous year, the result of the Berlin-based technology company TELES has slipped in the first quarter. At € 2.6 m, the revenue in the first quarter was five percent below that achieved in the previous year. Gross profit decreased at a constant share of material costs by ten percent to almost € 1.5 m. The operating result (EBIT) fell compared to the previous quarter by 80 percent to minus € 561 k.

The complete Q1 2014 quarterly report will be available from April 17, 2014 on the TELES website.

The Management Board
TELES AG Informationstechnologien