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ots Ad hoc-Service: Telegate AG Strong increases in business at telegate AG in 2000: 50 percent more calls to Germany's directory-enquiries service

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    Munich (ots Ad hoc-Service) -  telegate AG, Munich, significantly increased its revenues by 46.7 percent to DM 254.5 million in the last business year. In 2000 telegate's operators handled 139 million calls (1999: DM 92.5 million). The result is a small loss for the telegate group of DM -2.2 million before interest, taxes and depreciations (EBITDA). The total loss for the business year under review is DM -16.2 million. Taking account of the one-off foreign currency influences in November 2000, the annual loss amounts to DM -18.9 million. The result per share is minus DM 1.49.

    After deducting all head-office costs, however, telegate achieved an EBITDA of DM 33.4 million in respect of its core business in Germany (1999: DM 10.1 million), i.e., more than 230 percent up on the previous year. Revenues from the core business in Germany amounted to DM 238.9 million in 2000 (1999: DM 173.5 million), an increase of 38 percent over 1999. With its 11880 telephone directory-inquiries service, the company earned revenues of DM 206.3 million. The outsourcing business in Germany rose by 28 percent to DM 16 million compared to 1999 (DM 12.5 million).

    On 31 December 2000, the telegate group employed 3,913 people, 1,549 more than at the same time the year before (31.12.1999: 2,364).

Financial information: telegate AG Wolfgang Brand Fraunhofer Str. 12a D-82152 Munich-Martinsried Tel.: +49 89 8954-1120 Fax: +49 89 8954-1110 E-mail: wolfgang.brand@telegate.de

Press information: telegate AG Anja Meyer Fraunhofer Str. 12a D-82152 Munich-Martinsried Tel.: +49 89 8954-1188 Fax: +49 89 8954-1189 E-mail: anja.meyer@telegate.de

    WKN: 511880; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart

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