July 22, 2013
Substantial improvement in the operating results in the first half-year
Restructuring is clearly making progress
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 HY1 of 2013 (according to IFRS, unaudited)
| TELES Group (in mn €) | 1/1/2013 - 30/6/2013 | 1/1/2012 - 30/6/2012 | Change |
|---|---|---|---|
| Revenue | 5.70 | 6.05 | -6 % |
| Gross Profit | 3.37 | 3.04 | 11 % |
| EBIT | -0.55 | -1.55 | 65 % |
| EBT | 0.77 | -1.54 | n/a |
Berlin, 22 July, 2013. Berlin-based Technology Company TELES substantially improved its operating results in the first half-year and thus consistently follows on from the positive trend in the previous quarters. The operating loss (EBIT) fell by 65 per cent to minus 549 k€. By the proceeds from the sale of all shares in Gravis Beteiligungs AG in April of this year the earnings before tax (EBT) grew to 771 k€.
The revenue fell slightly in the period under review to 5.7 mn € and was thus just under that of the previous year. It was not possible to fully compensate for delays in projects in the first quarter. Therefore, it was not yet possible to compensate for the fall in the revenue, which was indicated in the first three months of the year already.