EANS-News: freenet AG / freenet Group reports a successful Q1/2011

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quarterly report/Q1/2011

Büdelsdorf (euro adhoc) - freenet Group reports a successful Q1/2011

• Group revenue of 788.8 million euros
• Recurring Group EBITDA at 84.1 million euros
• Group result of 26.0 million euros
• Free cash flow* of 72.5 million euros

Büdelsdorf, 11 May 2011 - freenet AG has gotten off to a successful
start in the new financial year. "All of our key financials for the
first three months of the year are within our internal plan for the
quarter," said freenet AG CEO Christoph Vilanek commenting on the
first-quarter figures.

The freenet Group generated recurring Group EBITDA (earnings before
interest, tax, depreciation and amortisation) - adjusted for one-off
items - of 84.1 million euros, and free cash flow came to 72.5
million euros.

In spite of a reduced customer base, freenet AG generated Group
revenue of 788.8 million euros in Q1/2011 (-1.8 percent vs. Q1/2010).
The Group result from continued operations increased by 9.9 million
euros, from 16.0 million euros in the first three months of 2010 to
25.9 million euros in Q1/2011. The Group result including
discontinued operations was 26.0 million euros (Q1/2010: 20.8 million
euros).

At 15.64 million, the total number of mobile communications customers
was maintained at the same level as at the end of the year 2010, with
a slight decrease by 18,000. As a result of the continued qualitative
adjustment, the number of postpaid customers fell by 174,000; at the
same time, freenet AG saw its customer base increase by 82,000 in the
no-frills segment and by 74,000 in the prepaid segment.

The monthly average revenue per contract customer (ARPU) improved by
0.5 euro, from 22.8 euros in Q1/2010 to 23.3 euros in Q1/2011.

The planning for 2011 stipulates a continued qualitative adjustment
of the postpaid customer base by less than 500,000 and a continued
positive development of the no-frills customer base. Accordingly,
freenet AG continues to expect recurring Group EBITDA of 325 million
euros and free cash flow of over 200 million euros for the financial
year 2011.

*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.

end of announcement euro adhoc
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ots Originaltext: freenet AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Andreas Neumann
Head of Investor Relations
Tel.: +49 (0) 40 51306-778
E-Mail: ir@freenet.ag

Branche: Telecommunications
ISIN: DE000A0Z2ZZ5
WKN: A0Z2ZZ
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