TELES AG INFORMATIONSTECHNOLOGIEN Quarterly Financial Statements Q1-2023 of the TELES Group
(IFRS, unaudited)
Key figures from 1 January 2023 to 31 March 2023
- Cautious start to 2023
- Sales Q1-2023 of EUR 15.5 million (py: EUR 19.5 million)
- Personnel expenses Q1-2023 of EUR 793k (previous year: EUR 822k)
- Depreciation Q1-2023 of EUR 113k (previous year: EUR 101k)
- EBITDA Q1-2023 of EUR -186k (previous year: EUR 183k)
Overview of the corporate key figures of TELES Group for Q1-2023 (in accordance with IFRS, unaudited)
TELES Group | 01.01.2022 - | 01.01.2023 - | Change |
in thousand Euro | 31.03.2022 | 31.03.2023 | |
Sales revenues | 19,505 | 15,122 | -22% |
Cost of materials | 18,155 | 14,142 | -22% |
Personnel expenses | 822 | 793 | -4% |
Gross profit | 393 | 455 | 16% |
Operating result/EBIT | 82 | -298 | -463% |
EBITDA | 183 | -186 | -202% |
Group result | -51 | -399 | > -500% |
© TELES AG | ||
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May 2023 | ||
Interim Management Report
The year 2023 got off to a slow start for TELES. The earnings situation of the TELES Group decreased in the first quarter of 2023 compared to the same period of the previous year. The TELES Group achieved revenues of EUR 15.1 million (previous year: EUR 19.5). The gross profit fell accordingly to EUR 1.0 million (previous year: EUR 1.3 million).
Personnel expenses fell by 4% to EUR 793 thousand (previous year: EUR 822 thousand).
Depreciation amounted to EUR 113 thousand (previous year: EUR 101 thousand).
Other operating income was EUR 82 thousand (previous year: EUR 49 thousand). With
the increase in other operating expenses of EUR 455 thousand (previous year: EUR 393
thousand), EBITDA was EUR -186 thousand (previous year: EUR 183 thousand) and the
consolidated result was EUR -399 thousand (previous year: EUR -51 thousand).
The balance sheet total of TELES decreased by EUR 2.6 million compared to the previous year. This is due in particular to the reduction in current assets and liquid funds by EUR 2.7 million. At the same time, current liabilities were reduced by EUR 2.2 million.
In the cash flow statement, the operating cash flow is EUR -0.9 million (previous year: EUR 2.2 million). As of March 31, 2023, the funds were EUR 0.5 million (previous year: EUR 3.1 million).
© TELES AG | ||
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May 2023 | ||
Risk Report
In the management report for the past 2022 fiscal year, all relevant risks known to us were listed conscientiously. We ensure the company's liquidity through very conscientious planning. We continue to monitor incoming payments very closely and thus counteract payment defaults on the part of customers. Whether the sales and earnings targets will be achieved depends - apart from internal company factors - to a significant extent on economic, political, and industry-specific developments − particularly in our core market of Europe.
Forecast
For the current financial year, we expect the TELES Group to have the same level of sales as in 2022 and a slightly improved result (EBIT).
TELES AG
Oliver Olbrich
Chief Executive Officer
May 2023
© TELES AG | ||
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May 2023 | ||
Interim Financial Statements
Consolidated Balance Sheet (IFRS, unaudited)
in thousand Euro
31.12.2022 31.03.2023
Assets
A. | Fixed assets | ||
I. | Intangible assets | 3,370 | 3,391 |
II. | Tangible assets | 1,225 | 1,301 |
III. Rights of use from leases | 1,250 | 1,224 | |
IV. Financial assets | 1 | 36 | |
Total fixed assets | 5,847 | 5,952 | |
B. | Current assets | ||
I. | Stocks | 5,386 | 5,189 |
II. | Trade receivables and other receivables | 3,482 | 1,837 |
III. Other assets | 958 | 1,052 | |
IV. Cash and cash equivalents | 1,492 | 491 | |
Total current assets | 11,318 | 8,569 | |
Total assets | 17,164 | 14,522 | |
© TELES AG | ||
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May 2023 | ||
in thousand Euro
31.12.2022 31.03.2023
Equity and liabilities
A. | Equity | ||
I. | Ordinary shares | 6,233 | 6,233 |
II. | Capital reserve | 13,085 | 13,085 |
III. | Loss carried forward | -4,906 | -19,298 |
IV. | Profit or loss for the period | -14,392 | -399 |
Total equity | 21 | -379 | |
B. | Non-current liabilities | ||
I. | Long-term loans | 889 | 857 |
II. | Lease liabilities | 1,301 | 1,282 |
III. | Other provisions | 478 | 445 |
Total non-current liabilities | 2,668 | 2,583 | |
C. | Current liabilities | ||
I. | Short term loans | 8,750 | 7,000 |
II. | Trade payables | 862 | 499 |
III. | Tax accruals | 664 | 498 |
IV. | Other liabilities | 4,200 | 4,320 |
Total current liabilities | 14,476 | 12,317 | |
Total equity and liabilities | 17,164 | 14,522 | |
© TELES AG | ||
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May 2023 | ||
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TELES AG Informationstechnologien published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 16:10:50 UTC.
