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TELES AG Informationstechnologien: TELES significantly improves operating cash flow

Berlin (pta028/17.05.2021/14:00 UTC+2) TELES AG Informationstechnologien (ISIN DE000A289B07 / WKN A289B0) today published its Q1-2021 quarterly financial statements.

* Cash flow up 128% year-on-year
* Reduction of personnel expenditures by 10%
* 23% reduction in other operating expenses
* Net loss for the period of EUR 99 thousand

The recurring revenues from maintenance and support contribute more and more to TELES's sales. Despite the traditional weak first quarter, were able to attract the operator (Switzerland), which is regarded as technologically very advanced, as new customer for a UCaaS solution. Further growth impulses are expected in the coming months, in particular due to the requirements of the German regulator to implement the emergency technical directive (TR Notruf). Also significant is the upcoming expansion of the softswitch to include software-based recoding in customer networks (transcoding), which is required by many telecommunications providers for flexibility in their VoIP offerings. In the second quarter, TELES will announce these product innovations worldwide with a special marketing campaign.

Operating cash flow increased by 128 percent to EUR 52 thousand (previous year: EUR -189 thousand). At EUR 581 thousand, sales decreased by 30% in the reporting period of EUR 830 thousand. Sales in the Carrier Solutions business segment fell by 28% to EUR 540 thousand (previous year: EUR 747 thousand). Other operating expenses were reduced by 23% to EUR 199 thousand (previous year: EUR 258 thousand). In the quarterly financial statements of TELES, the net loss for the period amounts to EUR 99 thousand (previous year, net profit for the period EUR 28 thousand). TELES's balance sheet total increased to EUR 122 thousand compared to the annual financial statements. Personnel expenses were reduced by 10% to EUR 398 thousand (previous year: EUR 441 thousand). The material expense ratio rose to 20.8% (previous year: 18.2%) increased minimally. The proceeds from subletting and recalculation from business procurement contracts amount to EUR 40 thousand (previous year EUR 83 thousand, presentation as other operating income). Other operating income is EUR 43 thousand (previous year: EUR 58 thousand). The Company is always able to meet its financial obligations.

In 2021, we expect TELES to achieve sales growth of between 10% and 15% compared to the previous year, as well as a positive result (EBIT).

Oliver Olbrich

Important instructions
This publication constitutes neither an offer to sell nor a solicitation to buy securities. This announcement may not be published, distributed or transmitted in the United States of America, Australia, Japan or Canada. This release does not constitute an offer to purchase securities or a solicitation of an offer to purchase securities of TELES AG Informationstechnologien (the 'Shares') in the United States, Germany or other states.


Emitter: TELES AG Informationstechnologien
Ordensmeisterstraße 15-16
12099 Berlin
Contact Person: Oliver Olbrich
Phone: +49 30 399 28 00
ISIN(s): DE000A289B07 (Share)
Stock Exchange(s): Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart