Broadnet AG
Broadnet AG publishes 2006 nine-month reportoadnet AG:
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc Announcement pursuant to § 15 of the WpHG (Securities Trading Act)
Broadnet publishes 2006 nine-month report
Renewed year-on-year growth
– Broadnet increased sales revenues in the first nine months of 2006 to
EURO 37,469,000 (Q3 2006: EURO 12,716,000), a 43% improvement over the
prior-year period (2005 9-month report: EURO 26,232,000)
– Earnings also increased: EBITDA improved to EURO 4,135,000 during the
January-September 2006 period. This was 63% higher than the figure
reported for the same period last year (2005 9-month report: EURO
3,574,000; adjusted: EURO 2,537,000), which was adjusted for a special
item (EURO 1,037,000)
Hamburg, November 15, 2006 – The Hamburg-based company Broadnet AG (Prime
Standard, ISIN DE0005490866) reported sales revenues for the Group of EURO
37,469,000 for the first nine months of the current fiscal year, compared
with EURO 26,232,000 for the same period last year. This represented a 43%
increase in revenues for the Group. At the same time, the Company’s
revenues of EURO 12,716,000 in the third quarter of 2006 were slightly
higher than those reported for the second quarter of 2006 (EURO
12,663,000). Once again, the Voice-over-IP and Virtual Private Networks
(VPN) segment was the most important driver of growth.
Operating income (EBITDA) totaled EURO 4,135,000 in the first nine months
of 2006, an improvement of more than 16% over the EURO 3,574,000 posted for
the same period last year. After taking into account a special item
totaling EURO 1,037,000, which consisted of other operating income freed up
from debt that no longer has to be serviced and from the reserves
originally set up to cover such debt, the prior-year figure totaled EURO
2,537,000. Compared with this figure, this year’s increase was actually
63%. For the third-quarter alone, EBITDA stood at EURO 1,241,000, meaning
that it reached approximately the same level as the 2006 second-quarter
figure.
Other operating expenses of EURO 1,485,000 for the third quarter of 2006
were somewhat higher than in Q2 2006 (EURO 1,373,000); a comparison of the
year-on-year 9-month periods from January through September (2006: EURO
4,169,000; 2005: 4,425,000) reveals the operating expenses at an almost
constant level.
The Group’s EBIT in the first nine months of 2006 amounted to minus EURO
950,000, compared with minus EURO 2,465,000 for the same period in 2005.
The third-quarter 2006 EBIT of minus EURO 332,000 was virtually unchanged
from the 2006 second-quarter EBIT (minus EURO 326,000).
The increase in cash and cash equivalents is very gratifying: liquid assets
at the end of the third quarter of 2006 were EURO 1,933,000 higher than at
the end of the 2006 second quarter. At the same time, as of September 30,
2006, Broadnet’s cash and cash equivalents had risen 12% over the level
reported for the same period last year, to EURO 25,775,000 (September 30,
2005: EURO 23,087,000)
Broadnet invested a total of EURO 2,391,000 during the nine-month period
ending on September 30, 2006 (January-September 2005: EURO 3,462,000), of
which EURO 1,474,000 (third quarter of 2005: EURO 2,606,000) were mainly
capital expenditures for purchases related to expansion of the
Voice-over-IP business and the necessary network infrastructure, as well as
customer terminals.
Once again, the Group also reported a high equity ratio of 83%. On the
Balance Sheet date, Broadnet’s shareholders’ equity totaled EURO 41,147,000
(prior-year period: EURO 41,282,000).
The Company’s most important financial highlights are contained in the
following table of key corporate figures:
in € 000 9 Months 6 Months 9 Months
2006 2006 2005
Sales revenues 37,469 24,754 26,232
EBITDA 4,135 2,894 3,574
EBIT (950) (617) (2,465)
Earnings per share (in EURO; (0.02) (0.01) (0.11)
diluted and undiluted)
Gross cash flow 4,150 2,906 3,832
Cash and cash equivalents 25,775 23,842 23,087
Fixed assets 19,280 20,270 20,869
Short-term liabilities 8,545 8,759 6,115
Shareholders’ equity 41,147 40,540 41,282
Total assets 49,692 49,299 47,694
Number of employees as of the 193 197 201
Balance Sheet date
These figures demonstrate the Company’s good market position.
Following the good results in the first quarter, Broadnet continued to
solidify its position as one of the leading, full-service providers for
business customers and forged ahead with its consistent focus on
strategically important, high-growth and innovative business segments. As
it continues to build on these results, Broadnet believes that it is
already well on the way to meeting the assumptions and projections made in
the spring for fiscal year 2006 – an increase of at least 25% in sales
revenues over the level reported for the 2005 fiscal year.
Contact:
Broadnet AG
Ties Kaiser
Manager Corporate Communications
Phone: +49 40 66 86 10 640, e-mail: t.kaiser@broadnet.de
(c)DGAP 15.11.2006
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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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