Atevia AG

EANS-Adhoc: Kizoo AG
Q3 Report for fiscal 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.

9-month report


Karlsruhe, October 29, 2009. Kizoo AG (ISIN: DE000CMBT111), Karlsruhe, published its results for the third quarter 2009 today. Against the backdrop of a constant cost level, further steps were taken towards implementing the strategy. The quarter was marked by two new investments in internet start-up companies, significant appreciations of the United Internet investment as well as the conclusion of an agreement to sell the corporate real estate.

Earnings before interest and tax (EBIT) amounted on a group level in Q3/2009 to EUR -1.0 million (Q3/2008: EUR -1.2 million). For Q3/09 the EBITDA (earnings before interest, taxes, depreciation and amortization) amounted to EUR 1.0 million (Q3/08: EUR -1.1 million) with scheduled depreciations and amortizations in the amount of TEUR 50.

During the third quarter of fiscal 2009 the investment of cash and cash equivalents and other securities generated a positive financial result of EUR 0.2 million (Q3/08: EUR 0.7 million). The result from continuing business lines totaled EUR -0.8 million (Q3/08: EUR -0.5 million). Furthermore, the result from the discontinued business lines about to be realized "Real Estate" and "Data Center" in the amount of EUR -0.4 million (Q3/2008: EUR -0.5 million) needs to be taken into account. A buyer was found during the third quarter for the corporate real estate which is held via a leasing structure but is fully attributable to the Group in economic terms. The completion of the transaction including the inflow of free liquidity in a high single million amount to the company is still expected during the fourth quarter of the current fiscal year. The streamlining of the Group structure has been concluded via merger of group subsidiaries no longer needed.

Overall, the total result for the period of the third quarter 2009 amounted to EUR -1.2 million (Q3/2008: EUR -1.1 million). The comprehensive income of the group to be reported in accordance with IAS 1 since the second quarter, which includes changes in the fair value of financial assets held, in particular the 8.8% shareholding in United Internet, amounts for the third quarter to EUR 44.5 million (Q32008: EUR -112.6 million).

At the end of September the shareholders´ equity of the company amounted to EUR 299.4 million and was significantly higher than the level on June 30, 2009 (EUR 255.0 million). For the full year the company anticipates a positive result.

Anhang: Tabelle

In Mio. Euro                    Q1-Q3/09       Q1-Q3/08       Q3/09      Q3/08
Other operating income             3,3             0            0          0
Marketing and advertising         -0,1             0            0          0
General administration costs      -2,5           -4,0          -0,9       -1,2
Research and development costs    -0,2            0            -0,1         0
Operating income from the
continuing business lines         0,5           -4,0           -1,0      -1,2
Financial income                  0,9             14,1          0,2       0,7
Profits/(loss) before tax         1,4             10,1         -0,8      -0,5
Profit/(loss) from continuing
business lines                     1,4             10,1         -0,8     -0,5
Profit/(Loss) from
discontinued business lines      -0,9             -2,4         -0,4      -0,5
Profit/(loss) for the period     0,5              7,7         -1,2       -1,1
Other profit /(loss) for
the period (after tax)           93,5           -219,4         45,7      -111,6
Comprehensive profit/(loss)
for the period                    94,0           -211,7         44,5     -112,6
Earnings per share (in EUR)       0,01            0,24         -0,04      -0,03
Cash and cash equivalents and
other securities (including
United Internet shares)         289,2           232,3        289,2       232,3
Shareholders´ equity            299,4           247,4        299,4       247,4
Balance sheet total             310,8           260,2        310,8       260,2 
Ende der Mitteilung                               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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