T-Online International AG
T-Online International AG Publication of the Nine Month Results
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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T-Online International AG Publication of the Nine Month Results
291,000 new DSL customers in third quarter of 2004 in Germany – significant
increase in operating profit, EBITDA and group net income
The T-Online management board approved the third quarter 2004 results at 07:45
a.m.
T-Online International AG strengthened its growth in the broadband market in
the third quarter of 2004 and continued the positive development. With 291,000
new customers using the DSL tariff in Germany, T-Online generated an increase
of 11 percent in DSL customers over the previous quarter. The total number of
customers using DSL tariffs has increased group-wide by 753,000 since the
beginning of the year. Group revenues rose in the same period to EUR1,473.4
million, an increase of 10.3 percent compared with EUR1,336 million* in the
corresponding period last year.
In a highly competitive environment, T-Online managed to further improve the
key financial figures for operations compared to the previous year reporting
period. Group EBITDA improved to EUR 382.8 million in the first three quarters
2004 from EUR 234,6 million in the same period 2003 without significant
one-time influences*. Operating profit for the group increased to EUR 311.9
million from EUR 181.6 million in first three quarters of 2003. Group net
income is EUR 254.2 million after a loss of EUR 102.3 million in the
corresponding period last year. The improvement in the key financial figures
is reflected in T-Online’s German as well as international market segment.
The basis for the continued positive financial trend is the further increase
in the company’s earning power. The gross margin rose steadily through the
first three quarters of 2004, giving an average of 65.1 percent for the nine-
month period as a whole, compared to 57.7 percent the same time last year.
In terms of revenue, the ARPU (Average Revenue per User) continued to increase
compared with the previous year. T-Online improved the average revenue from
fixed and usage-based charges (“blended ARPU”) in the group from EUR14.5 in
the first three quarters of 2003 to EUR15.5 in the same period this year.
*Significant one-time influences in the prior year included the sale of t-info
in the second quarter of 2003. A nonrecurring tax charge was incurred in 2004
due to a change in Austrian tax rates. Effects are listed in the quarterly
report on page 20.
Overview:
Key financial data Negative numbers in brackets
The percentages are calculated as a percentage of total revenues.
Q1-Q3 2004 Q1-Q3 2003* Q1-Q3 2004 Q1-Q3 2003*
Millions of EUR Millions of EUR % %
Net revenues 1473.4 1336.0 100 100
Goods and services purchases 513.7 565.4 34.9 42.3
Gross margin 959.7 770.6 65.1 57.7
Operating profit 311.9 181.6 21.2 13.6
EBITDA 382.8 234.6 26.0 17.6
Earnings before taxes 404.2 0.8 27.4 0.1
Income taxes 149.8* 105.8 10.2 7.9
Group net income 254.2* (102.3) 17.2 (7.7)
Earnings per share EUR 0.21 (0.08) — —
*Significant one-time influences in the prior year included the sale of t-info
in the second quarter of2003. A nonrecurring tax charge was incurred in 2004
due to a change in Austrian tax rates. Effects are listed in the quarterly
report on page 20.
T-Online International AG
Investor Relations
Waldstrasse 3, 64331 Weiterstadt, Germany
Phone +49 (0) 6151 680-2929, Fax +49 (0) 6151 680-299
E-Mail: ir@t-online.net
Adhoc releases are available online at http://www.t-online.net
end of ad-hoc-announcement (c)DGAP 09.11.2004
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WKN: 555770; ISIN: DE0005557706; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; Eurex
090821 Nov 04
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