EANS-Adhoc: freenet AG / freenet AG reports revenue of 2.71 billion euros and operating result (EBITDA)of 220.9 million euros for the first nine months of 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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9-month report

11.11.2009

freenet AG reports revenue of 2.71 billion euros and operating result
(EBITDA) of 220.9 million euros for the first nine months of 2009

• 2.71 billion euros in revenue
• 220.9 million euros in EBITDA
• 257.4 million euros in cash flow from operating activities
• Net financial debt reduced by 163.8 million euros

Büdelsdorf, 11 November 2009 - Against the backdrop of a strategic
realignment towards mobile communications/mobile Internet and the
integration of the debitel Group, which was consolidated from 5 July
2008, freenet AG managed to improve its Group revenue to 2.71 billion
euros in the first three quarters of 2009 - an increase of 997
million euros or 58 percent vs. the same period in 2008*.

Gross profit and EBITDA have also increased year-on-year: gross
profit for the first three quarters of 2009 improved by 56.5 percent
vs. 2008 to 566.2 million euros, while EBITDA for the first nine
months of 2009 was up by 33.7 percent vs. 2008 to 220.9 million
euros. These figures contain nearly 46 million euros in one-off
expenses for the nine months of the year to date, of which around 40
million euros were incurred by the Mobile Communications segment. In
the first three quarters of 2008, one-off expenses were incurred only
in the Mobile Communications segment, and amounted to just under 41
million euros.

The Group result from continued operations, i.e. without the DSL
business and the STRATO Group, which is up for sale, was minus 1.0
million euros for the first three quarters of 2009, compared with
Group profits of 201.1 million euros in the first nine months of
2008. The Group result for the first three quarters of 2009 was
negatively impacted vs. the reference period 2008 by the
depreciation, which increased by 89.1 million euros, and the interest
result, which declined by 27.9 million euros. In addition, non-cash
deferred tax income from the debitel acquisition in Q3/2008 as well
as non-cash deferred tax expenses in Q3/2009 due to the
reclassification of the STRATO Group as a discontinued operation in
particular resulted in negative deviation of 140.8 million euros in
the income taxes shown for the nine months.

Cash flow from operating activities totalled 257.4 million euros for
the first nine months of 2009, and net financial debt has been
reduced by 163.8 million euros and is now at 1,162.1 million euros.

* The previous year´s figures shown here have been retrospectively
adjusted to reflect the fact that costs for customer acquisition and
customer retention are no longer being capitalised, and the
application of IFRS 5 for "discontinued operations". Furthermore
retrospective reclassifications were made within the income statement
items relating to continued operations because the contract between
freenet AG and 1&1 Internet AG regarding the sale of the DSL business
has now been signed.

|Important KPI's of freenet Group |
|Accounting method: IAS/IFRS |

|Result in EUR million |Q1-Q3/09 |Q1-Q3/08 |Q3/2009 |Q2/2009 |Q3/2008 |
| | |adjusted1 | |adjusted2 |adjusted1|
|Third-party revenue |2,707.9 |1,710.7 |929.8 |891.0 |1,017.6 |
|Gross profit |566.2 |361.8 |191.8 |188.3 |207.4 |
|EBITDA |220.9 |165.2 |78.7 |68.5 |98.2 |
|EBIT |69.6 |103.0 |30.2 |17.5 |49.6 |
|EBT |2.4 |63.7 |12.5 |-2.0 |12.5 |
|Group result from | | | | | |
|continued |-1.0 |201.1 |-13.3 |6.9 |160.4 |
|operations | | | | | |
|Group result from | | | | | |
|discontinued |13.0 |-36.9 |15.4 |2.4 |-20.2 |
|operations | | | | | |
|Group result |12.0 |164.2 |2.1 |9.4 |140.2 |
| | | | | | |
|Revenue by segment |Q1-Q3/09 |Q1-Q3/08 |Q3/2009 |Q2/2009 |Q3/2008 |
|in EUR million | |adjusted1 | |adjusted2 |adjusted1|
|Revenue for the Group3 |2,707.9 |1,710.7 |929.8 |891.0 |1,017.6 |
|1. Revenue Mobile | | | | | |
| Communications |2,601.6 |1,596.5 |897.3 |857.0 |1,016.7 |
|2. Revenue Broadband |190.2 |233.8 |61.1 |64.9 |75.9 |
|3. Revenue Portal |30.6 |36.3 |9.9 |11.0 |9.4 |
|4. Revenue Hosting |67.9 |65.3 |22.8 |22.4 |22.5 |
|5. Revenue B2B |53.9 |73.6 |16.3 |16.6 |22.7 |
|6. Revenue Narrowband |33.0 |60.7 |9.5 |10.6 |16.3 |
| | | | | | |
|Selected key data |Q1-Q3/09 |Q1-Q3/08 |Q3/2009 |Q2/2009 |Q3/2008 |
|in million | | | | | |
|Total customers | | | | | |
|freenet Group4 |19.02 |22.25 |19.02 |19.54 |22.25 |
|Thereof contract | | | | | |
|customers | | | | | |
|(incl. no-frills) |9.19 |9.53 |9.19 |9.27 |9.53 |
|Mobile Communications | | | | | |
|customers5 |17.62 |19.97 |17.62 |17.95 |19.97 |
|Thereof contract | | | | | |
|customers |8.46 |8.67 |8.46 |8.52 |8.67 |
|Thereof prepaid | | | | | |
|customers |9.16 |10.61 |9.16 |9.43 |10.61 |
|Thereof Netherlands | | | | | |
|(debitel) |0.00 |0.69 |0.00 |0.00 |0.69 |
|Active Narrowband | | | | | |
|customers | | | | | |
|(internet + telephony) |0.88 |1.74 |0.88 |1.07 |1.74 |
|Paid service customers | | | | | |
|Portal |0.52 |0.53 |0.52 |0.52 |0.53 |
| | | | | | |
| | | | | | |
|1 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. |
|Furthermore retrospective reclassifications were made within the income |
|statement items relating to continued operations because the contract |
|between freenet AG and 1&1 Internet AG regarding the sale of the DSL |
|business has now been signed. |
|2 Retrospective adjustments were made in accordance with IFRS 5 |
|(discontinued operations) in view of the planned sale of the STRATO |
|Group. |
|3 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. |
|4 Without DSL and without Hosting. |
|5 Only Germany. |

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

Investor Relations

Tel.: +49 (0)40 513 06-778

E-Mail: ir@freenet.ag

Branche: Telecommunications
ISIN: DE000A0Z2ZZ5
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