Axel Springer AG increases preliminary EBITDA to 102.4 million euro in the third quarter




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19.10.09

Axel Springer AG increases preliminary EBITDA to 102.4 million euro in the third quarter

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Market environment remains difficult / outlook for full year unchanged

In a still challenging market environment, Axel Springer AG achieved according to preliminary figures earnings before interest, taxes, depreciation and amortization (EBITDA) of 102.4 million euro during the third quarter of the financial year 2009 which is 10.5 percent above the EBITDA of 92.7 million euro reached during the same period of the previous year. However, with 264.7 million euro the preliminary EBITDA for the first nine months of the financial year 2009 was below the EBITDA of 306.6 million euro reached during the same period of the previous year.

Preliminary revenues amounted to 622.4 million euro during the third quarter after 651.0 million euro reached in the third quarter of the previous year. During the first nine months preliminary revenues amounted to 1,877.2 million euro (previous year: 1,994.1 million euro). These preliminary figures do not yet include effects from the first-time consolidation of Stepstone ASA in which the company acquired the majority at the beginning of September 2009.

With view to a market environment that remains challenging, the Management Board of Axel Springer AG confirms its expectations for the full year in spite of the positive development of earnings in the third quarter 2009 and continues to expect an EBITDA and revenues in the financial year 2009 both significantly below the record level achieved in 2008.

The complete Quarterly Financial Report January – September 2009 of Axel Springer will be published on Wednesday, November 11, 2009.

Registration telephone press conference for journalists

Press Contact Axel Springer SE: Edda Fels
Tel: +49 30 2591 77600