CyberTron Telekom AG
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Financial year 2000 of CyberTron Telekom AG
– Annual sales 2000 almost quintupled as compared to the previous year
– Negative ROS 2000 only one third of the previous year
– Result affected by one-off financing/restructuring costs and bad debt
reserves in Q4
– Strategic changes in Management and Supervisory Boards
– Sales revenue quintupled in 2000:
In the financial year 2000, the telecommunications company CyberTron
Telekom AG reported consolidated sales revenues of EUR 70.18 million as
compared to EUR 15.11 million in 1999. This corresponds to an increase
by 364% on the previous year. Sales revenue of the fourth quarter was up
from EUR 7.0 million in 1999 to EUR 21.2 million in 2000. CyberTron thus
established itself as the second largest alternative fixed-net operator
in Austria. The majority of CyberTron’s sales revenue was accounted for
by business customers. CyberTron focused exclusively on the Austrian
market in 2000, so all sales revenue was generated in Austria.
– Return on sales and earnings situation improved substantially:
The key profit figure for the telecommunications industry, the EBITDA
(earnings before interest, taxes, depreciation and amortization), amounted
to EUR -19.7 million in 2000 as compared to EUR -12.5 million in 1999.
The net loss for the year 2000 amounted to EUR – 41.6 million as compared to
EUR -14.5 million in the previous year.
The EBITDA-based return on sales improved from -82% in 1999 to -28% in 2000.
Operating losses in relation to sales revenue were thus cut to about a third.
The fourth quarter contains non-recurring expenses from the redimensioning of
the business plan and the financing of the company (option bond) in the amount
of EUR 3.81 million. In addition, due to the increasingly competitive market
conditions in the internet service provider and reseller segment, the bad debt
reserves at the end of 2000 were increased by EUR 2.0 million as a precaution
after the preliminary results were published.
Strategic changes in the Management and Supervisory Boards:
While the establishment of the network infrastructure and its financing
through three capital market transactions (IPO in December 1999, capital
increase in July 2000, warrant linked bond in December 2000) were the main
concerns in the past 15 months, in the coming years the focus will lie on
connecting customers with new innovative products and services and the
generation of adequate net cash flows from capital expenditures made or
yet to be made. The Chairman of the Supervisory Board, Karl Millauer, has
requested to stand down from the chairmanship of the Supervisory Board at
the next annual general meeting (June 2001) and to resign from the
Supervisory Board due to new challenges in operating business in his function
as Managing Board member of BWT AG, a position he has held since the
beginning of 2001.
The above-mentioned reasons give rise to the following changes:
– Christoph Senft will change to the Supervisory Board and succeed Karl
Millauer as the new Chairman of the Supervisory Board following the approval
by the annual general meeting. In turn, he will hand over the function of
the spokesman to Christian Forstner, one of the two founders of CyberTron,
as of 1 April 2001. In his addition to his role in the Supervisory Board,
Senft will continue his close relationship with CyberTron as a consultant,
dealing with the topic “International cooperations” and supporting Forstner
in investor relations.
– Peter Adler will change from the Supervisory Board to the Board of Management
as of 1 April 2001 and assume as the new CFO the financial and coordination
activities of the Board of Management. Adler has been with CyberTron from the
very beginning. Together with Markus Bauer, Christian Forstner, Chris Radda and
Andreas Wiesenfeld he laid in early 1998 the foundations for today’s business
volume. After the IPO, he is still the largest individual shareholder of the
company with a share of nearly 8%.
– Key Figures of Financial Statements 2000
2000 1999
TSD EUR TSD EUR
Consolidated Income Statement
Sales revenues 70.184,7 15.112,0
EBITDA – 19.702,4 – 12.457,6
EBIT – 37.980,3 – 15.535,9
Net loss – 41.596,5 – 14.451,3
Consolidated Balance Sheet
Long-term assets 66.297,6 46.209,2
Short-term assets 30.678,9 29.709,7
Deferred tax assets 12.390,2 12.563,8
Shareholder’s equity 39.895,6 31.687,3
Minority interest 967,2 0,0
Non-current liabilities 26.710,1 16.382,2
Current liabilities 41.793,8 40.413,2
Total equity and liabilities 109.366,7 88.482,7
Consolidated Cash-Flow Statement
Net cash-flow from operating activities – 34.500,2 – 12.514,8
Net cash-flow from investing activities – 4.400,4 – 17.964,4
Net cash-flow from financing activities 28.186,4 46.490,8
Net-change of cash and cash equivalents – 10.714,2 16.011,6
Vienna, 29 March, 2001
For further information please contact:
Christoph Senft Henriette Lininger
Tel: +43 1 919 29 1202 Tel: +43 1 919 29 1212
Fax: +43 1 919 29 1209
E-mail: investor@cybertron.at
Web: http://ir.cybertron.at
All our press releases are also available on our Investor Relations homepage
at http://ir.cybertron.at.
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