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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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26.10.2007
Karlsruhe, October 26, 2007. ComBOTS AG (ISIN: DE000CMBT111) today published
its results for the third quarter of fiscal 2007. The realignment decided at
the end of September is on schedule and within the framework of the
announcements. As a further step, after the discontinuation of the further
development of the ComBOTS communication service in September, the Supervisory
Board and the Executive Board decided today to also discontinue the operation
of the service and to no longer offer the product in future.
The loss on an EBITDA basis including cash effective restructuring costs (2.4
million Euro) amounted to 9.1 million Euro during the last quarter (Q3/2006:
11.3 million Euro). With scheduled depreciations and amortizations of 2.0
million Euro and one-off non cash effective depreciations in the amount of 7.5
million Euro, the EBIT for Q3 amounts to -18.6 million Euro. Therefore, the
result before tax amounted to -17.4 million Euro, including one-off expenses
from restructuring in a total amount of 9.9 million Euro. The company
anticipates for Q4/2007 an already significantly reduced cost basis and a
result before tax and one-off effects of approximately -5 million Euro.
The shareholding in United Internet AG based on the dual corporate strategy
again enjoyed a very positive development (Q1-Q3/2007: +79.1 million Euro).
With the shareholding in United Internet the company had liquid assets
(including tradable securities) of 510 million Euro as at September 30, 2007.
The company plans to complete the restructuring largely in Q4/2007. In parallel
to this, the company wants to develop and then implement realization and
continuation concepts for the existing assets and, more particularly, for the
data center and the real estate. With a small team the company plans to
evaluate possible new online services during the first half year 2008 and
subsequently to possibly develop them. Furthermore, the company will also
review during this period in an open manner to what extent the capital
resources and also the capital market strategy need to be adjusted overall to
the future scope of business.
For Q1/2008 the company proceeds on the assumption of total costs with within
the group of approximately 2.2 million Euro, income still being negligible.
These include material costs of approximately 0.9 million Euro (Q3/2007 without
one-off effects: 4.3 million Euro), personnel expenses of 0.9 million Euro
(Q3/2007 without one-off effects: 2.4 million Euro) as well as depreciations and
amortizations of 0.4 million Euro (Q3/2007 without one-off effects: 2.0 million
Euro). Acquisitions are not scheduled according to the current planning for
2008. For the full year 2008 the company forecasts a positive result of 1-2
million Euro on the basis of the current asset and financial structure including
the financial income.
Appendix: Table
According to IFRS 5, the operation ComBOTS will in future be shown as "Result
from discontinued product operation ComBOTS". This is due to the
discontinuation of the development and operation of the service.
|in million Euro |Q3/07 |Q3/06 |Q1-Q3/07 |Q1-Q3/06 |
| | | | | |
|General administration costs |(1.9) |(1.7) |(4.9) |(6.3) |
|Operating result from continued |(1.9) |(1.7) |(4.9) |(6.3) |
|operations | | | | |
|Financial result and result from |1.2 |1.1 |7.1 |6.8 |
|associated companies | | | | |
|Tax income (expense) |(1.1) |(0.2) |(1.2) |1.1 |
|Result from continued operations |(1.8) |(0.8) |1.1 |1.6 |
|Result from discontinued product |(16.8) |(11.7)|(30.1) |(28.0) |
|operation ComBOTS | | | | |
|Net result for the period |(18.5) |(12.5)|(29.1) |(26.4) |
|Net result for the period per share |(0.53) |(0.35)|(0.83) |(0.73) |
|(in Euro) | | | | |
|Liquid funds and other securities |510.0 |432.5 |510.0 |432.5 |
|Shareholders' equity |525.0 |462.4 |525.0 |462.4 |
|Balance sheet total |545.1 |481.4 |545.1 |481.4 |
Additional information:
The complete Quarterly Financial Report is available for Download at
www.combots.com.
Further inquiry note:
Investor Relations:
Silvia Teschner
Tel. +49 721 5160 2701
investor.relations@combots.com
Public Relations:
Oliver Schwartz
Tel. +49 721 5160 2222
public.relations@combots.com
end of announcement euro adhoc 26.10.2007 14:24:02
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emitter: ComBOTS AG
Amalienbadstr. 41
D-76227 Karlsruhe
phone: +49(0)721 5160 0
FAX: +49(0)721 5160 1999
mail: info@combots.com
WWW: http://www.combots.com
sector: Online
ISIN: DE000CMBT111
indexes: Prime All Share, CDAX, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse Hannover, Börse München
language: English
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