euro adhoc: freenet AG / Financial Figures/Balance Sheet / freenet group announces preliminary figures

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annual report

19.02.2009

Büdelsdorf, 19 February, 2009 - The initial figures indicate that
freenet AG generated group revenues of 2873.8 million EUR in 2008, up
from 1690.8 million EUR in 2007. Gross profits came to 641.6 million
EUR for the year, as compared to 445.7 million EUR in 2007. Earnings
before interest, taxes and depreciation/amortisation (EBITDA) were
207.1 million EUR vs. 213.7 million EUR in 2007.

The DSL business, for which the sale process has been initiated, and
debitel Nederland B.V., which was sold before the reporting date, are
shown in the figures as "discontinued lines of business" in
accordance with IFRS 5. The discontinued lines of business
contributed -36.8 million EUR (vs. -111.9 million EUR in 2007) to the
Group result, while the continuing lines of business achieved a Group
result of 148.4 million EUR (60.9 million EUR in 2007).

The costs of customer acquisition and customer retention and the
accrual on the liabilities side of revenue components related to such
costs were no longer capitalised in 2008. freenet has decided to no
longer collect the necessary information about costs of customer
acquisition and retention per customer in accordance with IAS
8.14(b).

The previous year's figures cited here are retrospectively adjusted
figures to reflect the switch in reporting the costs of customer
acquisition and retention, and the application of IFRS 5 for
'discontinued lines of business'.

The Group has set aside reserves in connection with the restructuring
concept for the mobile telephony division which was announced in
Q4/2008. Largely due to these provisions, the mobile telephony
division reported one-off expenditure in the amount of 73.5 million
EUR during the fourth quarter of 2008.

end of announcement euro adhoc
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ots Originaltext: freenet AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

freenet AG

Andreas Neumann

IR-Manager

Tel.: +49 (0)40 51306778

E-Mail: investor.relations@freenet.ag

Branche: Online
ISIN: DE000A0EAMM0
WKN: A0EAMM
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