October 21, 2013
TELES achieves pre-tax breakeven
Restructuring making clear progress
Adhoc Notification by TELES AG Informationstechnologien pursuant to Sect. 15 of the German Securities Trading Act (WpHG)
- Breakeven pre-tax result
- Operating loss (EBIT) halved yoy
- Lower sales on account of project delays
- Very pleasing development in Business Unit Enterprise Solutions
Overview of the corporate key figures of TELES for Q1-3 of 2013
(according to IFRS, unaudited)
| TELES Group (in mn €) | 1/1/2012 - 30/9/2012 | 1/1/2013 - 30/9/2013 | Change |
|---|---|---|---|
| Revenue | 9.22 | 7.99 | -14 % |
| Gross Profit | 4.68 | 4.55 | -3 % |
| EBIT | -2.47 | -1.18 | 52 % |
| EBT | -2.45 | 0.14 | n. a. |
Berlin, October 21, 2013. The Berlin-based technology company TELES (ISIN: DE0007454902) has achieved pre-tax breakeven in the first three quarters of the current financial year. Pre-tax earnings (EBT) amount to € 0.14 mn after a loss of € 2.45 mn in the corresponding period in the previous year. Earnings Before Interest and Tax (EBIT) stand at minus € 1.18 mn. Operating losses for the year have therefore halved.
Turnover went down to € 7.90 mn in the reporting period and therefore fell by 14 percent by comparison with the same period in the previous year. The modest turnover results are caused by delays to projects which have so far not been fully compensated for.