T-Online International AG
T-Online: New 10-year business plan with significant revenue and profit …
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: New 10-year business plan with significant revenue
and profit potential
The Supervisory Board of T-Online International AG (“T-Online”) approved the
budget for the fiscal year 2005 today at 10.55 am and the company’s
stand-alone medium-term plan (the “Plan”) for the years 2005-2007.
Additionally, a ten-year business plan was taken notice of by the Supervisory
Board.
The measures underlying the Plan will increase further T-Online’s growth
potential. T-Online is planning, through several initiatives, to maintain
its position as an innovation leader within the fast growing market for
broadband and IP services for the long term. In 2005 the company is planning
to introduce a DSL resale product and Voice over IP in Germany. The
introduction of Entertainment packages for the mass market will strengthen
further its strategy based on a combined business model. In France and
Spain, T-Online’s most important international markets, the company will
pursue an organic growth strategy in order to reach significantly higher
market shares.
As a result of the initiatives, T-Online anticipates that revenues will be
significantly ahead of current market expectations from 2005. As a result of
a considerably more aggressive market approach, in particular due to
customer acquisition costs associated with the new initiatives, EBITDA is
forecast to fall by EUR 0.1-0.2bn in 2005 compared with the current year for
which T-Online forecasts EBITDA to grow to around EUR 0.46bn. For the
following years, T-Online anticipates a sustained strengthening of its
market position within the European broadband market. The company currently
expects to be able to increase EBITDA to over EUR2bn over the next ten years.
Additional information:
The ad hoc announcement is based on the following analyst estimates
(Source: Thomson Financial, Bloomberg, 23.11.2004):
Revenues:
2005E EUR 2.3bn (average of 21 analysts)
2006E EUR 2.6bn (average of 15 analysts)
This document contains forward-looking statements that reflect management’s
current views with respect to future events.
The words “anticipate,” “assume,” “believe,” “estimate,” “expect,”
“intend, “may,” “plan,”, “forecast”, “project” and “should” and similar
expressions identify forward-looking statements. Such statements are subject
to risks and uncertainties, including, but not limited to: an economic
downturn in Europe; changes in currency exchange rates and interest rates
and introduction of competing products. If any of these or other risks and
uncertainties occur or if the assumptions underlying any of these statements
prove incorrect, then actual results may be materially different from those
expressed or implied by such statements. We do not intend or assume any
obligation to update any forward-looking statement, which speaks only as of
the date on which it is made.
end of ad-hoc-announcement (c)DGAP 23.11.2004
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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
231201 Nov 04
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