Atevia AG

EANS-Adhoc: Kizoo AG
Interim Financial Report 2009

  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.

6-month report


Karlsruhe, July 30, 2009. Kizoo AG (ISIN: DE000CMBT111), Karlsruhe, published its results for the first half-year 2009 today. The second quarter and the first half-year 2009 developed as planned in operating terms on a significantly lower cost level compared to prior year. The result was considerably impacted by a court settlement with a former asset manager of the company who has undertaken to pay damages in a total amount of EUR 3.3 million under litigation which had been pending since 2003. This resulted in other operating income which will be available as liquid assets during the third quarter.

When including this income unrelated to the accounting period, earnings before interest and taxes (EBIT) amounted on a Group level during the reporting period Q2/2009 to EUR 2.3 million (Q2/2008: EUR -1.3 million). For Q2/09 the earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 2.4 million (Q2/08: EUR -1.1 million) with scheduled depreciations and amortizations in the amount of EUR 0.1 million.

During the second quarter of fiscal 2009 the investment of cash and cash equivalents and other securities generated a positive financial result of EUR 0.4 million (Q2/08: EUR 12.1 million including profit from share sales during that quarter). The result from continued business lines totaled EUR 2.7 million (Q2/08: EUR 10.8 million). Furthermore, the result from the discontinued business lines "Real Estate" and "Data Center" in the amount of EUR -0.4 million (Q2/2008: EUR -0.4 million) needs to be taken into account. Consequently, the result for the period of the second quarter 2009 amounts to EUR 2.3 million (Q2/2008: EUR 10.4 million). The comprehensive income of the Group to be reported in accordance with IAS 1 since this quarter, which includes changes in the fair value of financial assets held, amounts for the second quarter to EUR 50.4 million (Q2/2008: EUR -21.5 million).

At the end of June the shareholders' equity of the company amounted to EUR 255.0 million and was significantly above the level of March 31, 2009 (EUR 204.5 million). On the reporting date June 30, 2009 the equity ratio was hence 95.7%.

Appendix: Table

In EUR million                               |Q1-Q2/09 |Q1-Q2/08|Q2/09 |Q2/08

Other operating income                       |3.3      |0       |3.3   |0
General administration costs                 |-1.6     |-2.8    |-0.9  |-1.3
Research and development costs               |-0.2     |0       |-0.1  |0
Operating income from the continued business |1.5      |-2.8    |2.3   |-1.3
Financial income                             |0.7      |13.4    |0.4   |12.1
Profit/(loss) before tax                     |2.2      |10.6    |2.7   |10.8
Profit/(loss) from continued business lines  |2.2      |10.6    |2.7   |10.8
Profit/(loss) from discontinued              |-0.6     |-1.8    |-0.4  |-0.4
business lines
Profit/(loss) for the period                 |1.7      |8.8     |2.3   |10.4
Other profit/(loss) for the period           |47.8     |-107.9  |48.1  |-31.8
(after tax)
Comprehensive profit/(loss) for the period   |49.4     |-99.1   |50.4  |-21.5
Earnings per share (in EUR)                  |0.05     |0.26    |0.07  |0.32
Cash and cash equivalents and other          |241.6    |347.3   |241.6 |347.3
securities (incl. United Internet shares)
Shareholders' equity                         |255.0    |360.1   |255.0 |360.1
Balance sheet total                          |266.2    |376.7   |266.2 |376.7 

The full interim financial report is available for downloading on .

end of announcement                               euro adhoc

Further inquiry note:

Silvia Teschner, Kizoo AG, Investor Relations, Tel.: 0721-5160-2701

Branche: Online
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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