EANS-News: freenet AG / freenet Group reports a successful Q1/2011

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Büdelsdorf (euro adhoc) - freenet Group reports a successful Q1/2011

• Group revenue of 788.8 million euros
• Recurring Group EBITDA at 84.1 million euros
• Group result of 26.0 million euros
• Free cash flow* of 72.5 million euros

Büdelsdorf, 11 May 2011 - freenet AG has gotten off to a successful start in the
new financial year. "All of our key financials for the first three months of the
year are within our internal plan for the quarter," said freenet AG CEO
Christoph Vilanek commenting on the first-quarter figures.

The freenet Group generated recurring Group EBITDA (earnings before interest,
tax, depreciation and amortisation) - adjusted for one-off items - of 84.1
million euros, and free cash flow came to 72.5 million euros.

In spite of a reduced customer base, freenet AG generated Group revenue of 788.8
million euros in Q1/2011 (-1.8 percent vs. Q1/2010). The Group result from
continued operations increased by 9.9 million euros, from 16.0 million euros in
the first three months of 2010 to 25.9 million euros in Q1/2011. The Group
result including discontinued operations was 26.0 million euros (Q1/2010: 20.8
million euros).

At 15.64 million, the total number of mobile communications customers was
maintained at the same level as at the end of the year 2010, with a slight
decrease by 18,000. As a result of the continued qualitative adjustment, the
number of postpaid customers fell by 174,000; at the same time, freenet AG saw
its customer base increase by 82,000 in the no-frills segment and by 74,000 in
the prepaid segment.

The monthly average revenue per contract customer (ARPU) improved by 0.5 euro,
from 22.8 euros in Q1/2010 to 23.3 euros in Q1/2011.

The planning for 2011 stipulates a continued qualitative adjustment of the
postpaid customer base by less than 500,000 and a continued positive development
of the no-frills customer base. Accordingly, freenet AG continues to expect
recurring Group EBITDA of 325 million euros and free cash flow of over 200
million euros for the financial year 2011.

*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.

Further inquiry note:
Andreas Neumann
Head of Investor Relations
Tel.: +49 (0) 40 51306-778
E-Mail: [email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

company:     freenet AG
             Hollerstraße 126
             D-24782 Büdelsdorf
phone:       +49 (0)4331 691000
mail:        [email protected]
WWW:         http://www.freenet-group.de
sector:      Telecommunications
ISIN:        DE000A0Z2ZZ5
indexes:     Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share, Technology
          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 | CNE

print