Broadnet AG
Broadnet AG: Broadnet announces preliminary annual figures for fiscal year 2006
Broadnet AG / Preliminary Results/Final Results 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. ---------------------------------------------------------------------- - Revenues increased to 51.1 million EURO during the 2006 fiscal year from 36.8 million EURO in fiscal year 2005 (= 39% growth) - The business expansion is having a positive effect on net profits; the preliminary 2006 net loss stands at 0.4 million EURO (2005: 2.4 million EURO) - Broadnet ended fiscal year 2006 with a 3.4 million EURO year-on-year increase in cash and cash equivalents Hamburg, February 13, 2007 – For fiscal year 2006, Broadnet AG (Prime Standard, ISIN DE0005490866) posted an estimated increase in revenues of 51.1 million EURO. Compared with revenues of EURO 36.8 million in the same period last year, revenues were up 39%. Compared with the third quarter of 2006, the Group generated revenues of EURO 13.6 million during the last three months of fiscal year 2006, representing an increase in revenues of 7%. The past fiscal year was substantially impacted by the expansion in revenues, particularly in the wholesale business, with Voice-over-IP. The expansion in revenues continued to occur on a profitable basis. Thus, EBITDA increased 22% from 4.6 million EURO in fiscal year 2005 to an estimated 5.6 million EURO. A glance at operating earnings (EBIT) highlights the increase even more clearly. EBIT showed a strong 2.2 million EURO improvement, from minus 3.4 million EURO in the prior fiscal year to an estimated minus 1.2 million EURO in fiscal year 2006. After accounting for the financial result and taxes, the Group closed the year with a net annual loss of 0.4 million EURO (prior year: 2.4 million EURO). In addition, to enable comparisons of fiscal years 2005 and 2006, a non-recurring item must be eliminated. In fiscal year 2005, the Group reported a one-time boost to earnings of 1.0 million EURO from the write-off of liabilities that no longer have to be serviced and from the reserves set up to cover such debt; this released the Company from future payment obligations of this amount. The liabilities were a legacy from the period preceding the takeover of the broadband Internet carrier, Broadnet Deutschland GmbH, in January 2002. With preliminary cash and cash equivalents of EURO 27.2 million, the Company ended fiscal year 2006 with a net increase in cash and cash equivalents of EURO 3.4 million. For the first time, the Group managed to finance expenditures for investment activities from internally generated funds and to more than replenish these funds. In its Outlook for Fiscal Year 2007, the Company continues to be committed to achieving a positive EBIT, at least during the course of the year. Additional updates on performance data will be published in accordance with the provisions of the WpHG (Securities Trading Act). Broadnet AG Holm Kilbert Phone: +49 40 66 86 10 681 e-mail: h.kilbert@broadnet.de DGAP 13.02.2007 ---------------------------------------------------------------------- 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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