Broadnet AG
Broadnet AG: Broadnet AG Hamburg publishes interim report for the first six months of 2007
Broadnet AG / Half Year Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Broadnet AG Hamburg publishes interim report for the first six months of 2007 · In comparison to the same period last year, turnover during the first six months of 2007 has climbed by 17% to EUR 29 million · In comparison with the same period last year EBIT has improved by 61% to minus EUR 0.2 million · EUR 0.2 million net income generated (first six months of 2006: minus EUR 0.2 million) Hamburg, 15 August 2007 - Broadnet AG (Prime Standard, ISIN DE 0005490866) generated turnover of EUR 29 million from January to June 2007. This is equal to an increase of 17% in comparison with the first six months of 2006 (EUR 24.8 million). Turnover for the second quarter of 2007 is EUR 14.4 million (second quarter last year: EUR 12.7 million). The moderate development in sales is partially due to the group reducing its sales prices as a result of the predominant pressure on pricing and in order to facilitate long term customer retention. During the first six months of the current fiscal year Broadnet's EBITDA was EUR 2.8 million as compared with EUR 2.9 million for the same period of 2006. EBITDA for the second quarter of 2007 was EUR 1.4 million (second quarter last year: EUR 1.4 million). Along with increased expenditure as a result of legal costs in connection with the Broadnet AG/QSC AG merger, the EBITDA was also affected operationally by the reduced gross profit ratio. EBIT for the first six months of 2007 is also as a result of decreased depreciations minus EUR 0.2 million as-compared with EUR 0.6 million for the same period last year. This represents an improvement of around 61% and is partially due to reduced depreciation. From January to June of the current fiscal year Broadnet AG has for the first time generated a positive net income amounting to EUR 0.2 million (previous year: minus EUR 0.2 million). This is in line with the forecast for the current fiscal year that was published in the annual report. Cash and cash equivalents at the end of the first six months of 2007 amounted to EUR 25.5 million compared to EUR 23.8 million as at 30 June 2006. Summary of the most important figures: TEUR 1st 6 m. 2007 Q2 2007 1st 6 m. 2006 Revenue 28,968 14,395 24,754 EBITDA 2,812 1,352 2,894 EBIT (241) (192) (617) Net earnings per share in EUR diluted and undiluted) 0.01 0.01 (0.01) Gross cash flow 2,698 2,698 2,906 Cash and cash equivalents 25,531 25,531 23,842 Fixed assets 18,828 18,828 20,270 Short term liabilities 9,824 9,824 8,759 Equity capital 41,350 41,350 40,540 Balance sheet total 51,174 51,174 49,299 Number of employees as at the reporting date 185 185 197 Projected development Development in the first six months of 2007 has confirmed both the strategic alignment of the Board of Directors and the planning published at the beginning of the fiscal year, which predicts percentage growth to just reach two figures. The development of the results will continue to be affected by the development of the gross profit ratio. As a result of the shift in the product mix towards the Voice over IP wholesale business as well as ongoing pressure on pricing, additional weakening is to be anticipated. In absolute terms, based on the current development in 2007 the Board of Directors anticipate positive figures (EBIT), at minimum during the course of the fiscal year. Broadnet AG Holm Kilbert Phone: +49 40 66 86 10 640 Fax: +49 40 66 86 10 188 E-mail: h.kilbert@broadnet.de DGAP 15.08.2007 ---------------------------------------------------------------------- Language: English Issuer: Broadnet AG Weidestr. 122a 22083 Hamburg Deutschland Phone: +49 (0)40 66 8610-0 Fax: +49 (0)40 66 8610-122 E-mail: info@broadnet.de Internet: www.broadnet.de ISIN: DE0005490866 WKN: 549086 Indices: CDAX, PRIMEALL, TECHALLSHARE Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden