Alle Storys
Folgen
Keine Story von freenet AG mehr verpassen.

freenet AG

euro adhoc: freenet AG
Financial Figures/Balance Sheet
The new freenet AG: EUR 2.055 billion sales, EUR 117.6 million EBT and EUR 257 million consolidated net income

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
annual report
26.04.2007
The new freenet AG: EUR 2.055 billion sales,
EUR 117.6 million EBT and EUR 257 million consolidated net income
•       5.1 million mobile users
•       3 million telephony users
•       2 million narrowband users
•       1.5 million paid services users
•       1 million DSL users
freenet AG, Hamburg, 26 April 2006 - Following the completion of the merger
between mobilcom AG and freenet.de AG on 2 March 2007, freenet AG has prepared
the annual financial statements for 2006 in its capacity as the legal successor.
The figures for financial 2006 show that the merger has resulted in a
major player on the market with strong financial backing and strong 
results. The market position of freenet AG has been strengthened 
although the financial year was characterised by the pending merger 
of mobilcom and freenet, so that it was not possible for all the 
originally envisaged advantages of the merger to be realised to the 
full extent. Competition also became more intense in the course of 
2006, and a negative price trend in the Mobile Telephony, Fixed 
Network and Internet segments continued. Nevertheless, freenet AG 
reported a strong performance in terms of user figures in all growth 
segments: The number of mobile users increased in the course of the 
year from 4.82 million by approx. 300 thousand to 5.10 million by the
end of 2006. Of this figure, 2.75 million are contract users, and 
2.35 million are prepaid users. The number of DSL users also 
performed extremely well and - despite extremely strong competition -
also increased by approx. 300 thousand new users from 700 thousand to
one million users. freenet accordingly met its original target for 
DSL users for the year 2006. The number of customers in the Paid 
Services segment was also expanded further at freenet. In the course 
of the year, there was an increase of approx. 160 thousand to 1.5 
million at the end of 2006. freenet also has 2 million narrowband 
users and 3 million telephony users. freenet AG actively combated the
trend towards lower telephony prices by signing up more customers and
marketing higher-value tariffs, and with sales of EUR 1.329 billion 
in the Mobile Telephony segment almost repeated the level of the 
previous year (EUR 1.350 billion). Despite continuously falling 
prices for telephony, narrowband and DSL and the reduction in the 
number of telephone minutes, sales in the Fixed Network/Internet 
segment increased from EUR 700.8 million in 2005 by EUR 24.7 million 
to EUR 725.5 million in 2006. Accordingly, full-year sales of EUR 
2.055 billion in financial 2006 were slightly higher than the 
corresponding figure of EUR 2.051 billion for 2005. Gross profit 
reflects higher growth costs and fell compared with the previous year
from EUR 490.6 million to EUR 465.8 million. In addition, higher 
marketing expenses (+12 percent, from EUR 72.8 million in 2005 to EUR
81.8 million in 2006) resulted in a reduction in the key result 
ratios. Operating results (EBITDA) in the Mobile Telephony and Fixed 
Network/Internet segments in 2006 were stated as EUR 62.8 million and
EUR 93.2 million respectively. At the Group level, EBITDA of EUR 
147.0 million is depressed by EUR 9 million for costs not 
attributable to the segments. Earnings before taxes (EBT) increased 
slightly from EUR 116.8 million to EUR 117.6 million in 2006, or 
declined compared with EBT adjusted by one-off costs of EUR 25.2 
million related to the merger. Compared with the previous year, 
consolidated result increased strongly by approx. 180 percent to EUR 
257.0 million. This growth is attributable to the fact that the tax 
losses carried forward can now be utilised throughout the Group.
The cumulative profit of freenet AG for commercial law purposes 
amounted to EUR 1.17 billion as of 31 December.2006. This cumulative 
profit is attributable mainly to the reversal of hidden reserves of 
EUR 1.069 billion within the framework of the merger. Liquid assets 
in the Group increased during 2006 from EUR 416.6 million by EUR 
117.4 million to EUR 534.0 million. The annual financial statements 
for 2006 do not yet contain any proposal for appropriation of 
profits. The freenet Managing Board intends to submit a proposal for 
the appropriation of profits to the Supervisory Board by the end of 
May to enable a resolution to be adopted by the shareholders' 
meeting.
Key financials of the freenet Group (yoy comparison):
Accounting method: IAS/IFRS
EUR million                          2006    2005
Sales, Group                         2,054.8 2,050.8
Sales, Mobile Telephony              1,329.3 1,350.0
Sales, Fixed Network/Internet        725.5   700.8
Gross profit, Group                  465.8   490.6
Gross profit, Mobile Telephony       194.4   191.9
Gross profit, Fixed Network/Internet 271.4   298.7
EBITDA, Group                        147.0   172.7 / 197.9*
EBITDA, Mobile Telephony             62.8    53.2 / 66.7*
EBITDA, Fixed Network/Internet       93.2    119.4 / 131.2*
EBIT, Group                          103.1   108.4 / 133.6*
EBIT, Mobile Telephony               51.4    29.3 / 42.8*
EBIT, Fixed Network/Internet         60.7    79.1 / 90.8*
EBT                                  117.6   116.8 / 142.0*
Consolidated result                  257.0   91.8
Earnings per share                   3.50    1.06
Liquid assets                        534.0   416.6
* Adjusted by a total of one-off costs of EUR 25.2 million related to
the merger; of this figure, EUR 13.5 million is attributable to the 
Mobile Telephony segment and EUR 11.7 million is attributable to the 
Fixed Network/Internet segment
end of announcement                               euro adhoc 26.04.2007 07:52:54

Further inquiry note:

IR-Manager
Andreas Neumann
Tel.: +49 (0)40 51306-778
Patrick Moeller
Tel.: +49 (0)4331 691173
E-Mail: ir@freenet.ag

Branche: Online
ISIN: DE000A0EAMM0
WKN: A0EAMM
Index: TecDAX, CDAX, Prime All Share, HDAX, Midcap Market Index,
Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade

Weitere Storys: freenet AG
Weitere Storys: freenet AG