EANS-Adhoc: freenet AG / freenet AG increases guidance for the financial year 2011 based on Q3 performance

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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

09.11.2011

Büdelsdorf, 9 November 2011 - The Executive Board of freenet AG has
again increased its full-year forecast for 2011 based on the results
of the third quarter of 2011, and is now expecting recurring Group
EBITDA (earnings before interest, taxes and
depreciation/amortisation) - adjusted for one-off items - to reach
355 million euros (previously: 350 million euros) and free cash flow*
to exceed 230 million euros (previously: over 220 million euros) for
the full year 2011. In the first nine months of 2011 freenet AG
generated recurring Group EBITDA of 263.9 million euros and free cash
flow of 184.3 million euros. Group revenue for the first nine months
of 2011 came to 2,375.3 million euros (-4.3 percent year-on-year) and
the Group result increased by 4.8 million euros or 6.6 percent to
77.8 million euros (Q1-Q3/2010: 73.0 million euros). The number of
mobile communications customers stood at 15.16 million at the end of
the third quarter of 2011. As a result of the continued qualitative
alignment, the number of postpaid customers decreased by 45,000 in
the third quarter of 2011, thus declining at a markedly slower pace
than was the case in previous quarters (decline in Q1/2011: 174,000
and in Q2/2011: 97,000). freenet AG expects to lose less than
420,000 postpaid customers for the full year 2011 (previously: less
than 450,000). Compared with the previous quarter, the monthly
average revenue per user (ARPU) in the third quarter of 2011
increased across all business segments. Cumulative postpaid ARPU for
the first nine months stabilised at 23.9 euros, on par with the
previous year´s level of 23.8 euros.

freenet AG´s complete interim report on the third quarter of 2011
will be available for download at www.freenet-group.de/investor soon.

* Free cash flow is defined as cash flow from operating activities,
minus investments in property, plant and equipment and intangible
assets, plus proceeds from the disposal of property, plant and
equipment and intangible assets.

Further inquiry note:
freenet AG
Investor Relations
Tel.: +49 (0)40 51306-778
E-Mail: ir@freenet.ag

end of announcement euro adhoc
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issuer: freenet AG
Hollerstraße 126
D-24782 Büdelsdorf
phone: +49 (0)4331 691000
mail: ir@freenet.ag
WWW: http://www.freenet-group.de
sector: Telecommunications
ISIN: DE000A0Z2ZZ5
indexes: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English