Business News

DGAP-Adhoc: Axel Springer AG increases first quarter EBITDA by 48 percent to EUR 119 million and raises outlook for the full year

Friday 23. April 2010 - Ad-hoc-Announcement pursuant to Sec. 15 of the Securities Trading Act (WpHG)

Axel Springer AG increases first quarter EBITDA by 48 percent to EUR 119
million and raises outlook for the full year

On the basis of preliminary figures Axel Springer AG achieved a first
quarter fiscal year 2010 result before interest, taxes, depreciation and
amortization (EBITDA) of EUR 119.2 million. The company thereby exceeded
the EBITDA of the previous fiscal year’s first quarter of EUR 80.3 million
by 48.4 percent. Company revenues for the reported period increased by 7.0
percent to EUR 663.7 million (previous fiscal year: EUR 620.0 million). The
continuously dynamic growth of the digital media segment contributed
significantly to this increase.

Against the background of higher than expected first quarter performance
and a more positive expectation of the advertising market, the management
board of Axel Springer AG is raising the outlook for the fiscal year 2010.
The company expects for the fiscal year 2010 a significant increase in
company revenues. The management board also expects that the previous
outlook for an increase in the company’s EBITDA by around ten percent
compared to the previous year’s value will be significantly exceeded.

The full quarterly financial report 2010 will be published by Axel Springer
AG on May 11, 2010.