April 09, 2013
TELES cuts losses by half and slightly increases growth
Slight increase in sales YOY, robust earnings improvement
Adhoc Notification by TELES AG Informationstechnologien pursuant to Sect. 15 of the German Securities Trading Act (WpHG)
- Successful Re-Structuring
- Strong Growth in Gross Earnings
- Turnover target achieved for business year 2012
Overview of the corporate key figures of TELES for fiscal year 2012
| TELES Group (in mn €) | 1/1/2012 - 31/12/2012 | 1/1/2011 - 31/12/2011 | Change |
|---|---|---|---|
| Revenues | 12.37 | 12.04 | 3 % |
| Gross Profit | 6.38 | 5.62 | 14 % |
| EBIT | -3.30 | -6.38 | 48 % |
Berlin, April 9, 2013. In the first year following significant organizational and personnel changes, the balance sheet shows that stabilization has been achieved and business activities have developed positively in line with market requirements.
Operating results (EBIT), at minus 3.30 mn Euro, were much improved on the previous year (minus 6.38 mn Euro). Earnings before interest, taxes, depreciation and amortization (EBITDA) was also cut by half to minus 3.08 mn Euro (previous year: 6.02 mn Euro). Gross Earnings increased in 2012 by 14 per cent. Turnover in the fiscal year 2012 amounted to 12.37 mn Euro. This was a 3 per cent increase in business for the year.
The complete Annual Report 2012 will be published on April 10, 2013 following auditor’s certificate and approval by supervisory board on http://www.teles.com/en/investor-relations/reports.
TELES AG Informationstechnologien
Board of Directors