DGAP-Adhoc: TELES AG Informationstechnologien: Subdued start to the year: Investment and absence of special effects im-pact the result

        Print
| Source: EQS Group AG
TELES AG Informationstechnologien  / Key word(s): Quarter Results

17.04.2014 12:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Subdued start to the year: Investment and absence of special effects impact
the result

Ad-hoc disclosure as per Sec. 15 German Securities Trading Act (WpHG)

Overview of the corporate key figures for TELES AG for Q1 of 2014
(according to IFRS, unaudited)*

<pre>


TELES Group      1/1/2013 - 31/3/2013     1/1/2014 - 31/3/2014     Change

(in kEUR)


Revenue          2,754                    2,630                    -5%


Gross Profit     1,659                    1,492                    -10%


EBIT             -311                     -561                     -80%



</pre>

Berlin, April 17, 2014. Due to investment in research and development, and
after the disappearance of special effects from the previous year, the
result of the Berlin-based technology company TELES has slipped in the
first quarter. At EUR 2.6 million, the revenue in the first quarter was
five percent below that achieved in the previous year. Gross profit
decreased at a constant share of material costs by ten percent to almost
EUR 1.5 m. The operating result (EBIT) fell compared to the previous
quarter by 80 percent to minus EUR 561 k.

The complete Q1 2014 quarterly report will be available from April 17, 2014
on the TELES website.

The Management Board
TELES AG Informationstechnologien


17.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      TELES AG Informationstechnologien
              Ernst-Reuter-Platz 8
              10587 Berlin
              Germany
Phone:        030-39928-00
Fax:          030-39928-01
E-mail:       IRInfo@teles.de
Internet:     http://www.teles.de
ISIN:         DE0007454902
WKN:          745490
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------