Hugin Ad hoc announcement according to § 15 WpHG: Annual accounts: mobilcom AG: A record-breaking 2005: mobilcom sales increase to over €2 billion

Tuesday, 28. February 2006 10:42

Buedelsdorf, 28 February 2006 - The mobilcom group, according to
preliminary results, finished the year 2005 with impressive customer
and earnings growth. In fiscal 2005, the Mobile Serviceprovider
customer base grew to 4.82 million, an increase of 260 thousand. For
the same period, freenet was able to double the number of its DSL
customers, to approximately 700 thousand. freenet is a significant
contributor to the improvement in mobilcom group's sales, which rose
from €1,897.3 billion to €2,050.8 billion. mobilcom group adjusted
EBITDA is €197.9 million vs. €160.1 million for 2004 (+23.6%); the
adjustment is for non-recurring merger-related expenses and
provisions for restructuring measures totaling €25.2 million. The
earnings improvement is mainly due to higher gross profit, which rose
by €71.7 million to €490.6 million over the previous year. Adjusted
EBIT is reported at €133.6 million, an improvement of more than 50%
over fiscal 2004 (previous year: €87.8 million).
Mobile Serviceprovider: Earnings target has been met
The Mobile Serviceprovider reported strong year-end growth and
expanded the number of its customers from 4.56 million (31.12.2004)
to 4.82 million. This entire increase of 260,000 customers was
achieved during the second-half of the year. For the fiscal year just
ended, lower price levels, a related reduction in the average sale
per customer to €18.4 (previous year: €20.3) and lower incentive
payments for new customers had an influence on fiscal year 2005 sales
of €1,350 billion; which is approximately 5% lower than the previous
year's level of €1,428.5 million. Despite these negative influencing
factors, mobilcom's full-year EBITDA was slightly higher than the
company's guidance. For the Mobile Serviceprovider segment, EBITDA
for 2005 - adjusted for €13.5 million of non-recurring expenses - is
€66.7 million. The non-recurring expenses are €9.5 million for
merger-related expenses and €4.0 million for restructuring
provisions. Adjusted EBIT is €42.8 million, a more than four-fold
increase over the previous year (fiscal year 2004: €9.2 million).
Fixed Line/Internet: DSL growth rate increasing
The Fixed Line/Internet business segment, which is managed by
freenet.de AG, posted sales of €700.8 million, an increase of nearly
50% for the fiscal year 2005 (previous year: €468.8 million).
Acquisitions made at the beginning of the year (STRATO AG and Next ID
GmbH) and strong growth in the DSL and portal segments also
contributed to the results. In addition to the positive sales trend,
gross profit was also significantly higher at €298.7 million
(previous year: €237.6 million), despite the unexpectedly high level
of customer acquisition costs and aggressive price competition. The
efforts have been worth it: freenet won over approximately 350
thousand new DSL customers during 2005, thereby doubling their DSL
customer list to approximately 700 thousand by year-end 2005.
Operating profit (EBITDA) for the Fixed Line/Internet segment -
adjusted for non-recurring expenses (€11.7 million) related to the
merger - rose to €131.2 million (previous year: €120.0 million).
EBIT, adjusted for merger-related non-recurring expenses was €90.8
million at the end of the fiscal year (fiscal year 2004: €79.1
million).
In light of the pending merger between mobilcom AG and freenet.de AG,
it is still uncertain when the final results for 2005 will be
published.

mobilcom group: key financial data (y-o-y comparison)
PROVISIONAL/NOT YET AUDITED
Method of accounting: IAS / IFRS


in € millions 2005 (adjusted)* 2005 2004**
incl. non-recurring
items
Employees, as of 31.12 3,577 3,577 3,072
Sales: mobilcom group 2,050.8 2,050.8 1,897.3
Sales: Serviceprovider 1,350.0 1,350.0 1,428.5
Sales: 700.8 700.8 468.8
Fixed Line /Internet:
EBITDA: 197.9 172.7 160.1
mobilcom group
EBITDA: 66.7 53.2 40.1
Serviceprovider
EBITDA: 131.2 119.4 120.0
Fixed Line /Internet:
EBIT: mobilcom group 133.6 108.4 87.8
EBIT: Serviceprovider 42.8 29.3 8.7
EBIT: 90.8 79.1 79.1
Fixed Line /Internet:

*mobilcom group EBITDA has been adjusted by a total of €25.2 million
for merger-related non-
recurring expenses and restructuring provisions;
Mobile Serviceprovider: €9.5 million non-recurring merger-related
expenses and €
4.0 million restructuring provisions;
Fixed Line/Internet: Adjusted by €11.7 million for non-recurring
merger-related expenses

**Adjusted as a result of IAS 1 and IFRS 2

--- End of Ad-hoc Message ---
WKN: 662240; ISIN: DE0006622400; Index: CDAX, HDAX, Prime All Share,
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Wertpapierbörse;
Related Links: MobilCom AG
Author:
Hugin
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