- 30.07.2009, 08:15:46
- /
- OTE0007
EANS-Adhoc: Kizoo AG / Interim Financial Report 2009
--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
30.07.2009
Karlsruhe, July 30, 2009. Kizoo AG (ISIN: DE000CMBT111), Karlsruhe, published
its results for the first half-year 2009 today. The second quarter and the
first half-year 2009 developed as planned in operating terms on a significantly
lower cost level compared to prior year. The result was considerably impacted
by a court settlement with a former asset manager of the company who has
undertaken to pay damages in a total amount of EUR 3.3 million under litigation
which had been pending since 2003. This resulted in other operating income
which will be available as liquid assets during the third quarter.
When including this income unrelated to the accounting period, earnings before
interest and taxes (EBIT) amounted on a Group level during the reporting period
Q2/2009 to EUR 2.3 million (Q2/2008: EUR -1.3 million). For Q2/09 the earnings
before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR
2.4 million (Q2/08: EUR -1.1 million) with scheduled depreciations and
amortizations in the amount of EUR 0.1 million.
During the second quarter of fiscal 2009 the investment of cash and cash
equivalents and other securities generated a positive financial result of EUR
0.4 million (Q2/08: EUR 12.1 million including profit from share sales during
that quarter). The result from continued business lines totaled EUR 2.7 million
(Q2/08: EUR 10.8 million). Furthermore, the result from the discontinued
business lines "Real Estate" and "Data Center" in the amount of EUR -0.4
million (Q2/2008: EUR -0.4 million) needs to be taken into account.
Consequently, the result for the period of the second quarter 2009 amounts to
EUR 2.3 million (Q2/2008: EUR 10.4 million). The comprehensive income of the
Group to be reported in accordance with IAS 1 since this quarter, which
includes changes in the fair value of financial assets held, amounts for the
second quarter to EUR 50.4 million (Q2/2008: EUR -21.5 million).
At the end of June the shareholders' equity of the company amounted to EUR 255.0
million and was significantly above the level of March 31, 2009 (EUR 204.5
million). On the reporting date June 30, 2009 the equity ratio was hence 95.7%.
Appendix: Table
In EUR million |Q1-Q2/09 |Q1-Q2/08|Q2/09 |Q2/08
Other operating income |3.3 |0 |3.3 |0
General administration costs |-1.6 |-2.8 |-0.9 |-1.3
Research and development costs |-0.2 |0 |-0.1 |0
Operating income from the continued business |1.5 |-2.8 |2.3 |-1.3
lines
Financial income |0.7 |13.4 |0.4 |12.1
Profit/(loss) before tax |2.2 |10.6 |2.7 |10.8
Profit/(loss) from continued business lines |2.2 |10.6 |2.7 |10.8
Profit/(loss) from discontinued |-0.6 |-1.8 |-0.4 |-0.4
business lines
Profit/(loss) for the period |1.7 |8.8 |2.3 |10.4
Other profit/(loss) for the period |47.8 |-107.9 |48.1 |-31.8
(after tax)
Comprehensive profit/(loss) for the period |49.4 |-99.1 |50.4 |-21.5
Earnings per share (in EUR) |0.05 |0.26 |0.07 |0.32
Cash and cash equivalents and other |241.6 |347.3 |241.6 |347.3
securities (incl. United Internet shares)
Shareholders' equity |255.0 |360.1 |255.0 |360.1
Balance sheet total |266.2 |376.7 |266.2 |376.7
The full interim financial report is available for downloading on
http://www.kizoo.com/en/reports .
Further inquiry note:
Silvia Teschner, Kizoo AG, Investor Relations, Tel.: 0721-5160-2701
end of announcement euro adhoc
--------------------------------------------------------------------------------
emitter: Kizoo AG
Amalienbadstr. 41
D-76227 Karlsruhe
phone: +49(0)721 5160 0
FAX: +49(0)721 1837586
mail: info@kizoo.com
WWW: http://www.kizoo.com
sector: Online
ISIN: DE000CMBT111
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB






