EANS-Adhoc: freenet AG reports revenue of 912 million euros and operating result (EBITDA) of 81.8 million euros for Q1/2009

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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.
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quarterly report

13.05.2009

freenet AG reports revenue of 912 million euros and operating result
(EBITDA) of 81.8 million euros for Q1/2009

• Revenue of 912.0 million euros
• EBITDA at 81.8 million euros
• Cash flow from operating activities at 115.9 million euros

Büdelsdorf, 13 May 2009 - Following the debitel acquisition, which
was concluded in mid-2008, freenet AG managed, in a tense market
environment, to increase its revenue to 912.0 million euros in
Q1/2009, compared with 376.4 million euros (adjusted*) in Q1/2008.

Gross profit and EBITDA for Q1/2009 were also up considerably
year-on-year: gross profit more than doubled, from 98.5 million euros
in Q1/2008 to currently 206.0 million euros, while EBITDA increased
to 81.8 million euros vs. Q1/2008 (51.8 million euros). These figures
include one-off expenses in the amount of 4.7 million euros.

The group result from continued operations - i.e. without the DSL
business, which is up for sale - declined year-on-year, from 27.1
million euros to 10.6 million euros due in particular to bank loans
taken on as part of the debitel acquisition.

A cash flow from operating activities of 115.9 million euros has been
generated in Q1/2009.

*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 operations´.

Important KPI's of freenet group

|Accounting method: IAS/IFRS | | | |
| | | | |
|Result in EUR million |Q1/2009 |Q4/2008 |Q1/2008 |
| | | |adjusted* |
|Third-party revenue |912.0 |1,090.1 |376.4 |
|Gross profit |206.0 |221.7 |98.5 |
|EBITDA |81.8 |16.2 |51.8 |
|EBIT |27.1 |-37.7 |42.0 |
|EBT |-2.9 |-86.1 |40.3 |
|Group result from | | | |
|continued operations |10.6 |-68.0 |27.1 |
|Group result from | | | |
|discontinued operations |-10.0 |15.4 |-12.5 |
|Group result |0.6 |-52.6 |14.6 |
| | | | |
|Revenue by segment |Q1/2009 |Q4/2008 |Q1/2008 |
|in EUR million | | |adjusted* |
|Revenue for the group** |912.0 |1,090.1 |376.4 |
|1. Revenue Mobile Communications |847.3 |1,058.2 |289.4 |
|2. Revenue Broadband |64.3 |68.8 |79.9 |
|3. Revenue Portal |9.7 |11.5 |12.7 |
|4. Revenue Hosting |22.8 |22.4 |20.9 |
|5. Revenue B2B |21.1 |27.5 |29.9 |
|6. Revenue Narrowband |12.9 |15.3 |24.8 |
| | | | |
|Selected key data in million |Q1/2009 |Q4/2008 |Q1/2008 |
| | | | |
|Total customers freenet Group |22.52 |23.29 |11.36 |
|Thereof contract customers | | | |
|(incl. no-frills) |11.64 |11.86 |6.41 |
|Mobile Communications customers |18.53 |19.12 |5.82 |
|Thereof contract customers |8.61 |8.83 |3.03 |
|Thereof prepaid customers |9.92 |10.29 |2.79 |
|Thereof Netherlands |- |- |- |
|Active Narrowband customers | | | |
|(internet+telephony) |1.22 |1.41 |2.56 |
|DSL customers |0.91 |0.94 |1.19 |
|Paid service customers Hosting |1.35 |1.29 |1.23 |
|Paid service customers Portal |0.52 |0.52 |0.57 |
| | | | |
| | | | |
|* The previous year comparison figures have been adjusted |
|retrospectively due to IFRS 5 (discontinued operations) and due to |
|the cessation of capitalising customer acquisition and customer |
|retention costs. |
|** The differences in revenue between the sum of the individual |
|segments and the total segments are the result of effects under |
|IFRS 5 and interdivision settlements. |

end of announcement euro adhoc
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ots Originaltext: freenet AG
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freenet AG

Investor Relations

Tel.: (040) 51306-778

E-Mail: investor.relations@freenet.ag

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