Munich, September 23, 2008 – telegate AG is predicting earnings before interest, taxes, depreciation and amortization (EBITDA) of 35-40 million Euro for fiscal year 2008. Once again the specialist for Local Search is upgrading its earnings forecasts thanks to positive business trend over the first months of the annual year and optimistic prospects for the coming months. The company had already increased its EBITDA forecast from 30 million Euro to 30-35 million Euro on the announcement of its half-year figures. This excludes one-time effects from the integration of klickTel AG and those stemming from the data cost litigation. As regards medium-term profit targets the management board has not amended its previous forecasts.
The principal reason for the more positive outlook is the positive development of the core business, in which the company has succeeded in offsetting the still weakening demand in Voice Directory Assistance better than expected thanks to add-on and value-added services and strict cost management. Beside that, telegate AG progresses well in the group-wide expansion of the advertising sales business and in market penetration towards small and mid-sized enterprises.
Press contact:
Jörg Kiveris
telegate AG
Head of Public Relations
Fraunhofer Str. 12a
82152 München-Martinsried
Phone: 089/ 8954-1188
Fax: 089/ 8954-1189
E-Mail: presse@telegate.com
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