March 31, 2014
TELES manages a turnaround despite lower sales
Positive earnings before income tax, previous years sales missed
Adhoc Notification by TELES AG Informationstechnologien pursuant to Sect. 15 of the German Securities Trading Act (WpHG)
- Positive earnings before income tax (EBT)
- Improved operating results (EBIT)
- Previous years sales missed
The key data for TELES for the fiscal year 2013 at a glance
| TELES Group (in k€) | 1/1/2012 - 31/12/2012 | 1/1/2013 - 31/12/2013 | Change |
|---|---|---|---|
| Revenue | 12,366 | 10,701 | -13 % |
| Gross Profit | 6,375 | 6,194 | -4 % |
| EBIT | -3,303 | -1,136 | -66 % |
| EBT | -2,921 | 69 | n.a. |
Berlin, 31 March, 2014. TELES AG Informationstechnologien has completed the fiscal year 2013 with a profit before tax (EBT) of €69 k (previous year: minus €2,921 k). By further reducing operating expenses and special items from the release of accruals, the operating result (EBIT) improved from minus €3,303 k to minus € 1,136 k. In addition, a consolidated net income was generated of €1,453 k in the reporting period - following a loss in the previous year to the amount of €2,932 k. Due in particular to weak U.S. sales, there was a decline in sales of 13%.
The complete financial statement for the fiscal year 2013 will be published on the 4th of April 2014 on http://www.teles.com/investor-relations/berichte.html.