EANS-Adhoc: Sedo Holding AG
2010 fiscal year: Sales EUR 116.1 million, EBITDA
EUR 8.5 million and EBT EUR 3.3 million
Clear improvement in sales and result
expected in 2011
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
01.03.2011
* 2010 fiscal year: Sales EUR 116.1 million, EBITDA EUR 8.5 million and EBT EUR 3.3 million * Clear improvement in sales and result expected in 2011
Cologne, March 1, 2011 - Sedo Holding AG (ISIN DE 000 549015 5) today announces its provisional group business figures for the 2010 fiscal year. While the sales trend was largely in line with the company's expectations, the key financial indicators remained much less satisfactory.
Group sales of Sedo Holding AG as expected declined from EUR 135.3 million in the previous year to EUR 116.1 million. The main reason for the decline in turnover is the changed contractual relationship with one large customer of Affiliate Marketing, which has been effective since the fourth quarter of 2009. Adjusted to allow for sales revenues of this important customer (EUR 26.1 million in 2009), sales revenues increased by EUR 6.9 million (+6.3 %). The result of ordinary activities before interest, taxes and depreciations (EBITDA) declined from EUR 11.8 million (comparable previous year's figure, excluding positive one-off item of EUR 12.7 million) to EUR 8.5 million. The pre-tax result of ordinary activities (EBT) declined from EUR 6.6 million (comparable previous year's figure excluding positive one-off item of EUR 12.7 million) to EUR 3.3 million. The reason for the decline in the ordinary EBT were primarily unscheduled valuation adjustments to the company's own domain portfolio of EUR 2.7 million in the fourth quarter of 2010.
Sedo Holding AG plans to use the capital reserve in the 2010 fiscal year; Sedo will thus completely balance in its Parent Company financial statements the net loss carried over after having recognized the 2010 net profit.
On the basis of the current market conditions and the course of business up to now, the Management Board of Sedo Holding AG expects a clear improvement in sales and result in 2011. The In concrete terms, the Management Board expects an increase in sales of approx. 10% and at least a doubling at the EBT in the 2010 fiscal year.
Annual comparison Jan. - Dec. 2009 - Jan. - Dec. 2010 in EUR million
Sales 2009: 135.3 - 2010: 116.1 EBITDA* 2009: 24.5 - 2010: 8.5 EBITDA excluding special items** 2009: 11.8 - 2010: 8.5 EBT 2009: 19.3 - 2010: 3.3 EBT excluding special items** 2009: 6.6 - 2010: 3.3
* EBITDA, i.e, the result of operative activities before depreciation and write-downs on domains. **EBT/EBITDA 2009 without one-off income of EUR 12.7 million from the sale of the shares in Hi-media and Goldbach Media to United Internet.
Marcus Schaps Head of Press and Public Relations Sedo Holding AG Elgendorfer Straße 57 56410 Montabaur
Tel: +49 (0) 2602 - 96 1076 Fax: +49 (0) 2602 - 96 1013 E-Mail: presse-holding@sedo.com
end of announcement euro adhoc --------------------------------------------------------------------------------
Contact:
Marcus Bauer
Telefon: +49 (0)2602-96-1631
E-Mail: marcus.bauer@sedo.de
Branche: Online
ISIN: DE0005490155
WKN: 549015
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade