Broadnet AG
Broadnet submits its consolidated financial statement for 2005
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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Adhoc Announcement in accordance with § 15 WpHG
Broadnet submits its consolidated financial statement for 2005
– Confirmation of preliminary figures published on January 9, 2006
– Increase in sales to 36.8 million euros in business year 2005 – 31%
increase in comparison to 2004 (28.0 million euros)
– Broadnet raises its EBITDA 206% to 4.6 million euros in fiscal 2005
(last year: 1.5 million euros*)
Hamburg, March 28, 2006 – in business year 2005, Broadnet AG (Prime
Standard, ISIN DE0005490866) achieved sales of TEUR 36,843 and experienced
an increase of 31% in comparison to last year (TEUR 28,026). The primary
source of growth was greater-than-anticipated demand, especially for Voice
over IP products.
Its EBITDA rose in 2005 to TEUR 4,598 in comparison to last year’s value of
TEUR 1,503*, which translates into an increase of 206%. The improved
EBITDA was primarily achieved from a growth in sales with a generally
subproportional increase in costs. At TEUR 1,037, this includes earnings
from the retirement of liabilities that no longer have to be serviced and
reserves formed for this purpose.
The EBIT of the Group for 2005 was minus TEUR 3,354 in contrast to minus
TEUR 8,791 in the prior year – a significant improvement of TEUR 5,437.
With funds at the end of fiscal 2005 amounting to TEUR 23,831, the cash
holdings for the prior business year adjusted for supplier prepayments
(TEUR 597) remained nearly unchanged (last year: TEUR 24,619). On the
reporting date, Broadnet possessed equity capital of TEUR 40,700 (last
year: TEUR 39,895). The equity ratio remained high at 83%.
The most important corporate indices are listed in the following table:
In TEUR or as indicated Business year Business year
2005 2004
Sales revenue 36,843 28,026
EBITDA * 4,598 1,503
EBIT * (3,354) (8,791)
Results per share*, undiluted (0.15 EUR) (0.49 EUR)
Gross cash flow 3,861 (52)
Funds 23,831 24,619
Fixed assets 21,979 20,734
Short-term liabilities 8,366 7,279
Equity capital 40,700 39,895
*To enable a comparison with the prior year, last year’s figures included
the expenditures associated with the employee stock option program
according to the regulation of IFRS 2 on “share-based payments.“
The Board of Management of Broadnet AG is highly satisfied with the
development over business year 2005 and the attained results. In particular
the dynamically growing products Voice-over IP and VPN proved to be strong
sales engines, contributing 8 million euros to the growth in sales. The
elevated customer demand in 2005 for mature technologies and solutions
coincides with the strategy of Broadnet AG to force the expansion of these
sectors.
Outlook for business year 2006
In the current business year as well, the company is seeking to further
expand its technological leadership in innovative VoIP products. Broadnet
finds itself in an excellent position to place its products in a growing
market and accordingly exploit further earnings and sales potential.
In comparison to 2005, the company anticipates a further growth in sales of
at least 25% for 2006, accordingly accompanied by a strengthened earnings
position. The Group will not maximize the EBIT at the cost of growth,
however. During business year 2007, we anticipate a positive EBIT.
For additional information, the company refers to the 2005 Annual Report
published today.
Contact:
Broadnet AG
Ties Kaiser
Manager of Corporate Communications
Phone: +49 40 66 86 10 640, E-Mail: t.kaiser@broadnet.de
(c)DGAP 28.03.2006
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language: English
emitter: Broadnet AG
Weidestr. 122a
22083 Hamburg Deutschland
phone: +49 (0)40 66 8610-0
fax: +49 (0)40 66 8610-122
email: info@broadnet.de
WWW: www.broadnet.de
ISIN: DE0005490866
WKN: 549086
indexes: CDAX, PRIMEALL, TECHALLSHARE
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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