TELES AG INFORMATIONSTECHNOLOGIEN Half-yearly Financial Statements 2022 of the TELES Group
(IFRS, unaudited)
Key figures from January 1, 2023, to June 30, 2023
Overview of the corporate key figures of TELES Group for the first six months of 2023 (In accordance with IFRS, unaudited)
TELES Group | 01.01.2023 - | 01.01.2022 - | Change |
in thousand Euro | 30.06.2023 | 30.06.2022 | |
Sales revenues | 30,150 | 38,572 | -22% |
Cost of materials | 28,638 | 36,553 | -22% |
Personnel expenses | 1,106 | 1,169 | -5% |
Gross profit | 754 | 653 | 15% |
Operating result/EBIT | -562 | -77 | > -500% |
EBITDA | -293 | 261 | -213% |
Result from continuing activities | -833 | -341 | -144% |
Result from discontinued activities | 73 | 72 | 1% |
Group result | -760 | -269 | -183% |
© TELES Aktiengesellschaft | ||
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September 2023 | ||
Interim Management Report
The TELES Group will sell the telecommunications segment (TELES Carrier Solutions) in 2023 and will focus on the growth area of pharmaceuticals. Accordingly, this report presents the assets held for sale and the liabilities in connection with assets held for sale.
The TELES Group achieved sales revenues of EUR 30.1 million (previous year: EUR 38.6
million). The gross profit was therefore EUR 1.5 million (previous year: EUR 2.0). The pharmaceutical sector generates lower gross profit margins than the telecommunications sector.
Personnel expenses fell by 5% to EUR 1,106 thousand (previous year: EUR 1,169 thou-
sand). The depreciation amounted to EUR 184 thousand (previous year: 298 thousand).
Other operating income amounted to EUR 54 thousand (previous year: EUR 63 thou- sand). With the increase in other operating expenses of EUR 754 thousand (previous year: EUR 653 thousand), EBITDA was EUR -293 thousand (previous year: EUR 261 thou- sand) and the result from continuing operations was EUR -833 thousand (previous year: EUR -301 thousand). The result from discontinued operations amounts to EUR 73 thousand (previous year: EUR 72 thousand). The consolidated result is TEUR -760 (pre- vious year: TEUR -229).
The balance sheet total of TELES decreased by EUR 0.7 million compared to the previous year. This is due in particular to the decline in current assets of EUR 0.7 million. The assets held for sale amount to EUR 97 thousand and the liabilities in connection with assets held for sale amount to EUR 389 thousand.
© TELES Aktiengesellschaft | ||
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September 2023 | ||
Risk Report
All relevant risks known to us were conscientiously listed in the management report for the past financial year 2022. There is nothing to add to this at the moment. We ensure the company's liquidity through very conscientious planning. We continue to monitor incoming payments very closely and thereby specifically counteract payment defaults on the part of customers. Whether the sales and earnings targets are achieved depends - apart from internal company factors - largely on economic, political and industry -specific developments - especially in our core market of Europe.
Forecast
For the current financial year, we expect slightly lower sales for the TELES Group than in 2022 and a slightly improved result (EBIT).
TELES AG
Oliver Olbrich
Chief Executive Officer
September 2023
© TELES Aktiengesellschaft | ||
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September 2023 | ||
Interim Financial Statements
Consolidated Balance Sheet (IFRS, unaudited)
TELES-Group, Berlin
Consolidated balance sheet as of June 30, 2023 (IFRS, not audited)
in thousand Euro | 30.06.2023 |
31.12.2022
Assets
A. | Fixed assets | ||
I. | Intangible assets | 606 | 583 |
II. | Tangible assets | 1,273 | 1,222 |
III. Rights of use from leases | 2,036 | 1,350 | |
IV. Financial assets | 1 | 67 | |
Total fixed assets | 3,916 | 3,222 | |
B. | Current assets | ||
I. | Stocks | 4,702 | 5,178 |
II. | Trade receivables and other receivables | 1,938 | 3,375 |
III. | Other assets | 962 | 968 |
IV. | Cash and cash equivalents | 2,080 | 1,492 |
V. | Assets held for sale | 97 | 122 |
Total current assets | 9,778 | 11,135 | |
Total assets | 13,693 | 14,358 | |
© TELES Aktiengesellschaft | ||
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September 2023 | ||
TELES-Group, Berlin
Consolidated balance sheet as of June 30, 2023 (IFRS, not audited)
in thousand Euro | 30.06.2023 | 31.12.2022 | |
Equity and liabilities | |||
A. | Equity | ||
I. | Ordinary shares | 6,233 | 6,233 |
II. | Capital reserve | 13,085 | 13,085 |
III. | Revenue reserves | ||
IV. | Loss carried forward | -21,543 | -4,906 |
V. | Profit or loss for the period | -760 | -16,637 |
Total equity | -2,984 | -2,224 | |
B. | Non-current liabilities | ||
I. | Long-term loans | 824 | 889 |
II. | Long-term lease liabilities | 1,742 | 1,100 |
III. | Deferred tax assets | 164 | 164 |
Total non-current liabilities | 2,730 | 2,153 | |
C. | Current liabilities | ||
I. | Short term loans | 8,750 | 8,750 |
II. | Short term lease liabilities | 326 | 275 |
III. | Trade payables | 654 | 827 |
IV. | Other provisions | 333 | 441 |
V. | Tax liabilities | 308 | 664 |
VI. | Other liabilities | 3,188 | 3,218 |
VII | Liabilities associated with assets held for sale | 389 | 253 |
. | |||
Total creditors | 13,948 | 14,429 | |
Total equity and liabilities | 13,693 | 14,358 | |
© TELES Aktiengesellschaft | ||
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September 2023 | ||
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TELES AG Informationstechnologien published this content on 02 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2023 14:33:18 UTC.
