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ots Ad hoc-Service: Telegate AG Demand for directory-inquiry services booms: telegate AG revenues up 80 percent in the first half of 2000

The sender is solely responsible for the contents of this announcement. ---------------------------------------------------------        Munich (ots) - telegate AG, Munich, continued growing dynamically in the first half of 2000: the company's revenues jumped 80 percent to DM 122 million (same period last year: DM 67.8 million). Despite higher investments in the new call centers in and outside Germany, telegate can once again book a positive result before taxes, interest and depreciation (EBITDA) of DM 0.5 million for the first six months of the current business year.

    The gross operating result from revenues amounted to DM 47.4 million, i.e., almost 100 percent up on the result of the first half of 1999 (DM 24.4 million). The result of the first half of 2000 is minus DM 4.5 million (first half of 1999: minus DM 2.3 million). However, the core business of telephone services in Germany, which was responsible for the negative result in the first half of 1999, moved clearly into the black in the first six months of 2000. The comparatively small deficit in the first half of 2000 was solely the result of the setting-up costs for the Internet Information Services Business Unit and the international subsidiaries in Italy, Spain, Great Britain and the USA.

    During the first half of this year, telegate AG continued to expand its position in the German directory-inquiries market: the number of calls received rose 40 percent to 57.9 million (first half of 1999: 41.3 million calls). Three new call centers - in Güstrow, Schwedt and Stralsund - were opened during the first six months. Milestones in the second quarter: the start of business in Italy, Spain and the USA and further expansion of the 11880.com internet service portal.

    To cope with the growing demand for directory-inquiries services, telegate will open its tenth and eleventh call centres in Germany in the coming months. On the international plane, the Munich-based company will intensify its activities in conjunction with its Italian partner SEAT Pagine Gialle and continue the telegate success story in other countries.

Financial information:                                    Press information:
telegate AG                                                      Hoschke & Consorten
Wolfgang Brand                                                 Anja Meyer
Fraunhofer Str. 20                                          Deichstrasse 29
D-82152 Munich-Martinsried                              D-20459 Hamburg
Tel.: +49 89 8954-1120                                    Tel.: +49 40 361146
Fax: +49 89 8954-1111                                      Fax: +49 40 361144
E-mail: wb@telegate.de                                    E-mail:    

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