euro adhoc: ComBOTS AG
quarterly or semiannual financial statement
ComBOTS
AG's first half-year 2006 characterized by preparation for the
successful product launch on July 13, 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
27.07.2006
Karlsruhe/Germany, July 27, 2006 --- ComBOTS AG (FSE: CMBT) today announced its half year results for fiscal 2006. H1/06 and especially the second quarter were characterized by intensive product development, setup of the organisation and infrastructure, successful presentation of its new personal digital communication service on July 13, and the start of the step-by-step market rollout.
As part of investments across all functional areas, second quarter research and development expenses increased to EUR 8.9 million (Q1/06: EUR 6.3 million). The efforts focused on the completion of the ComBOTS communication service launched on schedule as well as on the built-up of an extremely powerful data center in order to provide users with an entirely new communication experience.
The company was able to hire 54 new employees during the second quarter, thus staffing most of the open positions planned for 2006. This was a prerequisite in order to provide a solid and scalable organization, which is prepared for worldwide success. Consequently, the headcount increased to 153 by June 30, 2006.
Based on the investments into the new service as well as into the organization and infrastructure, the consolidated pre-tax result (EBT) in Q2/06 summed up to EUR -8.3 million (Q1/06: EUR -6.8 million). The EBT for H1/06 came out at EUR -15.1 million resulting in a net loss for the period of EUR -13.9 million. As of June 30, 2006, the net liquid assets of ComBOTS AG of EUR 450 million (Year-end 2005: EUR 439 million) break down into EUR 190 million in cash and EUR 260 million for the 9.31 percent stake in United Internet AG. The increased value of the United Internet investment since the beginning of the fiscal year, amounting to EUR 72 million, has not been recognized as income in the profit and loss statement.
Appendix: Table financial figures
|In EUR Million |Q2/06 |Q2/05 |Q1-Q2/06 |Q1-Q2/05 | |Revenues |0 |0.2 |0 |0.4 | |Research and development |-8.9 |-2.9 |-15.3 |-5.6 | |Operating result |-12.4 |-3.4 |-20.9 |-6.1 | |Financial income |3.3 |0.7 |4.9 |1.7 | |Net result for the period|-9.3 |1.8 |-13.9 |3.4 | |Net result per share (in |- 0.26 |0.05 |-0.39 |0.09 | |Euro) | | | | | |Cash and marketable |450.0 |105.3 |450.0 |105.3 | |securities | | | | | |Balance sheet total |501.2 |164.0 |501.2 |164.0 | Additional information: Following the product premiere on July 13, the step-by-step market launch of the ComBOTS communication service started. Thousands of initial users are now being invited to test the product. Starting on the opening day of the International Consumer Electronics Show (IFA) in Berlin, from September 1, ComBOTS will be available to the general public at www.combots.com. Trading still close to the value of its liquid assets, the management of ComBOTS is convinced, that the current share price does not reflect the potential of the company, i.e. the product, the three years of heavy investments, the intellectual property, the worldwide markets, the experience of the team, the fast distribution concept and the attractive business model. For further information please visit www.combots.com where the detailed quarterly and half year report is available, too, including a letter to the shareholders from Chairman and Founder Michael Greve. Contact at ComBOTS: Achim Schneider Investor Relations Tel. +49 721 5160 2700 investor.relations@combots.com Oliver Schwartz Public Relations Tel. +49 721 5160 2221 public.relations@combots.com
end of announcement euro adhoc 27.07.2006 08:21:29
Further inquiry note:
Silvia Teschner
Investor Relations
Tel.: +49 (0)721 5160 0
E-Mail: investor.relations@combots.com
Branche: Online
ISIN: DE000CMBT111
WKN: CMBT11
Index: TecDAX, Midcap Market Index, HDAX, Prime All Share, CDAX
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