TELES Achieves Turnaround in 2017 Financial Year

• Group sales of € 7.1 million (previous year: € 6.5 million)
• 7% increase in gross profit to € 4.7 million
• EBIT of k€ 3, representing improvement of € 0.6 million
• Successful establishment of unified communications as a service (UCaaS) in 2017

Berlin, 9 March 2018. The technology company TELES AG Informations-Technologien (ISIN: DE0007454902) developed excellently in 2017. It achieved sales growth of 8%, while the gross profit improved by 7% and the result even by 101%.

"In 2015, we set our corporate objective for achieving growth in the field of unified communications. And now, just two years later, our UCaaS platform for network operators is unique throughout Europe and it’s going to be the decisive driver of growth in a future that looks very positive," Oliver Olbrich, Co-CEO of TELES AG, outlined.

The complete consolidated financial statements are due to be released in mid-April 2018. All of the financial figures provided in this notification are provisional and subject to the audit of the 2017 financial statements.