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 - 31/12/20121/1/2013 - 31/12/2013Change
Revenue12,36610,701-13 %
Gross Profit6,3756,194-4 %
EBIT-3,303-1,136-66 %

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