22.03.2016
freenet AG DE000A0Z2ZZ5
DGAP-News: freenet AG: freenet AG confirms preliminary figures for 2015
DGAP-News: freenet AG / Key word(s): Final Results
freenet AG: freenet AG confirms preliminary figures for 2015
22.03.2016 / 18:00
The issuer is solely responsible for the content of this announcement.
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freenet AG confirms preliminary figures for 2015
- Group revenue improved by 77.3 million euros to 3.118 billion euros
(previous year: 3.041 billion euros)
- Group EBITDA increases to 370.2 million euros (previous year: 365.6
million euros)
- Free cash flow* grows to 284.5 million euros (previous year: 266.6
million euros)
- Customer ownership up by 4.2 per cent to 9.30 million participants
(previous year: 8.92 million)
- Stabilisation of postpaid ARPU at 21.4 euros
- Proposed dividend rises to 1.55 euros per share (previous year: 1.50
euros)
Büdelsdorf, 22 March 2016 - Following verification of the annual financial
statements of freenet AG [ISIN DE000A0Z2ZZ5] as at 31 December 2015 and
approval of the consolidated financial statements as at 31 December 2015 by
the Supervisory Board, the Executive Board has confirmed the preliminary
figures already announced at the beginning of March 2016 in full.
freenet AG has fulfilled or slightly exceeded the business outlook for 2015
that it published in 2014 Group revenue increased in comparison with the
previous year by 2.5 per cent to 3.118 billion euros (previous year: 3.041
billion euros). Group EBITDA (earnings before depreciation and
amortisation, interest and taxes) improved by 1.3 per cent compared to
2014, totalling 370.2 million euros (previous year: 365.6 million euros).
At 284.5 million euros, the free cash flow also exceeded the previous
year's level (266.6 million euros) by 6.7 per cent. Due to various effects
in deferred and current tax expenses, the Group result decreased by 10.8
per cent to 221.5 million euros (previous year: 248.2 million euros),
corresponding to earnings per share of 1.73 euros (previous year: 1.93
euros).
The strategically important number of customer ownership participants
increased by 4.2 per cent to 9.30 million participants (31 December 2014:
8.92 million) and therefore developed in accordance with the outlook for
2015. A disproportionately robust upward trend was shown most notably by
the portfolio of particularly high-value contract customers (postpaid
customers), which was up by 5.0 per cent to 6.31 million (31 December 2014:
6.01 million). Average monthly revenue per contract customer (postpaid
ARPU) has stabilised at its previous year's level of 21.4 euros and is
thereby in line with the expectations communicated by the Executive Board.
The number of no-frills customers increased slightly in the reporting
period from 2.91 million to 2.99 million participants. In the prepaid
business, further earnings-neutral terminations of inactive SIM cards by
network operators and the declining activation of new customers led to a
further fall of 3.81 million in customer numbers as at 31 December 2014,
with the figure now at 2.94 million.
"Our positive results in the financial year 2015 validate our successful
focus on high-value customer relationships in the mobile communications
segment and our systematic strategic focus on being the leading digital
lifestyle provider in Germany," says Christoph Vilanek, CEO of freenet AG.
"Our shareholders can also share in the success of the past financial year.
The Supervisory Board has agreed with our proposed dividend of 1.55 euros
per eligible no-par-value share, representing a dividend payout ratio of
around 70 per cent of the free cash flow generated in the financial year
2015," adds Joachim Preisig, CFO of freenet AG. The Executive Board is
thereby confirming the existing dividend policy and is also proposing a
dividend payout of 1.60 euros for the financial year 2016.
Explanations:
The complete annual report 2015 can be downloaded at
www.freenet-group.de/investor.
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*Free cash flow is defined as cash flow from operating activities, minus
investments in property, plant and equipment and intangible assets, plus
proceeds from the disposal of property, plant and equipment and intangible
assets.
Investor Relations Kontakt:
freenet Aktiengesellschaft
Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Germany
Tel.: 0049 (40) 513 06 778
Fax: 0049 (40) 513 06 970
E-Mail: [email protected]
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22.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: freenet AG
Hollerstraße 126
24782 Büdelsdorf
Germany
Phone: +49 (0)40 51306-778
Fax: +49 (0)40 51306-970
E-mail: [email protected]
Internet: www.freenet-group.de
ISIN: DE000A0Z2ZZ5, DE000A1KQXU0
WKN: A0Z2ZZ , A1KQXU
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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