DGAP-News: telegate announces figures for 2013

DGAP-News: telegate announces figures for 2013

DGAP-News: telegate AG / Key word(s): Final Results
telegate announces figures for 2013

13.03.2014 / 08:00

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*Digital business reaches profit zone in second half year and delivers 
 positive outlook for 2014

*Dividend payment proposal of EUR 0.40 per share

Munich / Planegg, 13 March 2014 - telegate today announced that in its
digital business it reached the profit zone in the second half year of the
2013 financial year and expects to further increase profit in the current
year.

At the Annual General Meeting on 25th of June 2014, both the Management
Board and the Supervisory Board will propose to pay a dividend of EUR 0.40
per share equivalent of EUR 7.6 million.

At the Group level, telegate met its EBITDA guidance of EUR 10 to 12
million for the 2013 financial year: EBITDA adjusted for non-recurring
effects decreased to EUR 10.5 million in 2013 from EUR 13.6 million the
previous year. The company generated revenues of EUR 72.3 million in 2013
(2012: EUR 86.6 million), its digital business already accounting for
nearly half of that figure (49 percent). The decrease is primarily due to
the continuous reduction in call volume in the telephone directory
assistance market. At EUR 37.0 million, revenues in this segment were 24
percent below the previous year (2012: EUR 48.8 million).

The digital business generated revenues of EUR 35.3 million in 2013 (2012:
EUR 37.8 million). Revenues in this segment slightly dropped down whereas
profitability increased by 79 per cent, because telegate very consciously
focussed on sales efficiency and customer loyalty. Therefore the company
could for the first time realise a profit of EUR 0.2 million on
EBITDA-basis adjusted for non-recurring effects. In its digital business,
the company expects this year a better continued improvement for both,
revenues and profitability compared to 2013.

For the 2014 financial year, telegate AG forecasts at group level an EBITDA
adjusted for non-recurring effects of EUR 7 to 9 million.


The 2013 annual report of telegate AG is available at: 

http://www.telegate.com/htm/de/Investor_Relations/Geschaeftsberichte.htm



Contact:
Anja Meyer
telegate AG
Tel.: 089/ 8954-1188 
Fax: 089/ 8954-1189
E-Mail: anja.meyer@telegate.com


End of Corporate News

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Language:    English                                                
Company:     telegate AG                                            
             Fraunhofer Str. 12a                                    
             82152 Planegg-Martinsried                              
             Germany                                                
Phone:       +49 089 - 89 54 0                                      
Fax:         +49 089 - 89 54 10 10                                  
E-mail:      info@telegate.de                                       
Internet:    www.telegate.com                                       
ISIN:        DE0005118806                                           
WKN:         511880                                                 
Indices:     Prime All Share                                        
Listed:      Regulierter Markt in Frankfurt (Prime Standard);       
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,  
             München, Stuttgart                                     
 
 
End of News    DGAP News-Service  
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257258 13.03.2014                                                      
 
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