12.11.2015
telegate AG DE0005118806
DGAP-News: telegate AG announces nine-month figures for 2015: * Revenues: EUR 40.8 million; EBITDA: 0.1 million | Corporate reorganisation launched
DGAP-News: telegate AG / Key word(s): 9-month figures/Quarter Results
telegate AG announces nine-month figures for 2015: * Revenues: EUR
40.8 million; EBITDA: 0.1 million | Corporate reorganisation launched
12.11.2015 / 08:00
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Munich, 12 November 2015 - telegate AG today announced revenues of EUR 40.8
million for the first nine months of the 2015 financial year (9 months
2014: EUR 47.5 million). Of this amount, the directory assistance business
accounted for EUR 16.3 million (9 months 2014: EUR 21.4 million) and the
digital business accounted for EUR 24.5 million (9 months 2014: EUR 26.1
million). EBITDA for the company as a whole as of 30 September 2015 came to
EUR 0.1 million (9 months 2014: EUR 1.7 million). The directory assistance
business generated EBITDA of EUR 1.7 million (9 months 2014: EUR 2.6
million) and the digital business generated EBITDA of EUR -1.6 million (9
months 2014: EUR -0.9 million).
"We cannot be satisfied with these results and we have already taken the
necessary steps to stop the downturn in revenue and earnings. In recent
months, telegate has lost too many customers and has focused on the wrong
things," says Christian Maar, who was appointed CEO of telegate AG in June
2015. He immediately initiated a reorganization of the company. The first
move was realigning the sales activities and completely eliminating a
management level in two departments. In addition, plans are already
underway to consolidate sites to reduce costs.
"With a modified sales strategy and a new product portfolio, we will ensure
that our divisions will do business more profitably in the future,"
explains Christian Maar. As early as the beginning of the next financial
year, initial target group-specific vertical products will be launched to
make the offering more attractive to advertising customers. "We must focus
much more specifically on consumers, because consumers are the ones who
generate the desired revenue for our customers," he says. The
attractiveness of the directory assistance business will also be improved
by adding new services. In this context, the 11 88 0* brand will be brought
back into focus.
The full 2015 nine-month report of telegate AG is available at:
http://www.telegate.com/investor-relations/english/reports.html
* EUR 1.99 per minute from a Deutsche Telekom land line. Other prices may
apply to calls made from mobile networks. Text message inquiries are just
EUR 1.99 (Vodafone D2 portion: EUR 0.12) in Germany.
Contact:
Anja Meyer
telegate AG
Tel.: 089/ 8954-1188
Fax: 089/ 8954-1189
E-Mail: [email protected]
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12.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: telegate AG
Fraunhofer Str. 12a
82152 Planegg-Martinsried
Germany
Phone: +49 089 - 89 54 0
Fax: +49 089 - 89 54 10 10
E-mail: [email protected]
Internet: www.telegate.com
ISIN: DE0005118806
WKN: 511880
Indices: Prime All Share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News Service
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412133 12.11.2015
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