Broadnet AG
Broadnet AG: Broadnet AG Hamburg publishes 2007 first quarter report
Broadnet AG / Quarter 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 2007 first quarter report - Total turn-over increased by 21%: Broadnet realized revenues of 14.6 Million Euro in the first quarter of 2007, again topping the values achieved in the reference quarter of the previous year substantially (Q1.2006: 12.1 Million Euros). - Grossing at 0.1 Million Euro negative, the EBIT of the first quarter of 2007 was very well balanced (Q1.2006: 0.3 Million Euros negative). Hamburg, May 15th 2007 – Broadnet realized revenues of TEUR 14,573 in the first quarter of the fiscal year 2007. Therefore, the revenue increase compared to the reference quarter of the previous year (revenue Q1.2006: TEUR 12,091) amounted to 21%. Compared to the last quarter of 2006 grossing revenues of TEUR 13,636 the revenue increase amounted to 7%. The EBITDA, valued at TEUR 1,461 for the first quarter of 2007, remained on a nearly unchanged high level compared to the previous years reference quarter at TEUR 1,506 and the previous years fourth quarter at TEUR 1,466. The nearly unchanged EBITDA of the first quarter of 2007 is a result of the revenue increase mainly attributed to the strategic product segments VoIP and VPN, and their total increase of the unadjusted margin in conjunction with the countereffects of increased legal counselling and miscellaneous expenses incurred in the first quarter of 2007. The group’s EBIT of the first quarter of 2007 amounted to TEUR 48 negative opposed to TEUR 236 negative in the fourth quarter of 2006 and TEUR 291 negative in the first quarter of 2006. On March 31st 2007, cash and cash equivalents at Broadnet's disposal amounted to 25.8 Million Euro. This means an increase of liquid assets of 12% or 2.7 Million Euro compared to the previous year reference period (March 31st 2006: 23.1 Million Euro). The first quarter’s outflow of 1.4 Million Euro almost entirely consisted of annual down payments, in particular to Deutsche Telekom AG. A periodic payment practice would have caused a positive outflow result for the first quarter. At the time of the balance sheet date, Broadnet’s available equity capital amounted to 41.3 Million Euro (previous year: 40.6 Million Euro), and the capital structure compared to the reference quarter of the previous year was still high at 81%. The most important key data is represented in the following table: in € 000 Q1.2007 Q4.2006 Q1.2006 Sales revenues 14,573 13,636 12,091 EBITDA 1,461 1,466 1,506 EBIT (48 ) (236 ) (291 ) Net earnings per share 0.01 (0.002 ) (0.004 ) (diluted and undiluted) Gross cash flow 1,344 918 1,513 Cash and cash equivalents 25,806 27,202 23,058 Fixed assets 18,694 19,168 21,179 Short-term liabilities 9,579 9,413 9,120 Shareholders' equity 41,305 41,135 40,649 Total assets 50,884 50,548 49,842 Number of employees as of the Balance Sheet date 185 183 197 Projected development QSC AG, Cologne, a company with many years of experience in the telecommunications market, and with which Broadnet can capture a significantly greater market position, has been a majority shareholder of Broadnet AG since the middle of the previous fiscal year. The trend for the first quarter of 2007 confirms the guidance provided by the Board of Directors in the annual report, that positive earnings (EBIT) would be achieved, at least during the fiscal year. The group is planning near double-digit percentage growth in sales revenue. In addition, the trend in earnings will be affected by the trend in gross profit margin. As a result of the change in the product mix to wholesale business in VoIP, an additional weakening is to be expected. On an absolute basis, the executive board still expects, at least throughout the fiscal year, positive results based on emerging 2007 trends, and maintains the perspective expressed in the 2006 annual report. Broadnet AG Holm Kilbert fon: +49 40 66 86 10 640 fax: +49 40 66 86 10 188 E-Mail: h.kilbert@broadnet.de DGAP 15.05.2007 ---------------------------------------------------------------------- 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 www: www.broadnet.de ISIN: DE0005490866 WKN: 549086 Indices: CDAX, PRIMEALL, TECHALLSHARE Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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