Mox Telecom AG: Profit increases by 120% compared to the previous year

Turnover 2007 exceeds level of full year 2006 after 9 months already

Ratingen, 2007-11-07 - Mox Telecom Group realizes a clear growth in turnover to 61.9 million euro within the first three quarters 2007 already. Therewith the telecommunications company located in Ratingen, Germany, manifests its definite growth character. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 2.61 million euro in the first nine months of 2007. Profit after tax was 2.0 million euro, an increase by 1.1 million euro compared to the previous year. Profit per share has more than doubled by increasing to 0.76 euro.
Preliminary figures of the third quarter 2007 confirm the lasting trend of positive development of the company. Turnover as well as revenues could be extended distinctly. The repeated increase of turnover is due to the dynamical development on the new markets in the Middle East and to the stable business in Germany.
The management of Mox Telecom AG assumes this positive trend concerning development of turnover and revenue to continue for the remainder of the financial year. Crucial drivers of this development are the extension of business to the Arabic and Asian markets as well as the continuous advancement and development of products. Mox Telecom AG will maintain the technical basis for the drivers by investing in technical know-how further on. Thus Mox creates the technical condition to meet and even exceed increased market requirements.

Christoph Zwingmann
CFO / Vorstand

E-Mail: presse@mox.de

Mox Telecom AG
Kaiserswerther Str. 85
40878 Ratingen, Deutschland
T: 02102-8636-15
F: 02102-8636-56

Mox Telecom Ireland Ltd.
10 Fitzwilliam Square,
Dublin 2, Ireland
T: 00353 1 6615-538
F: 00353 1 6615-508

The Mox Telecom Group is a global international telephony provider in the business of developing needs based telecommunication products for low-cost, high quality mobile and fixed line telephony. Focusing on target groups with a high need for international telephony. The company, founded in 1998, specialized early on in the development and sale of pre-paid telecommunication services and has since established itself as a leading provider in the market. Besides its main business activity, the calling card, the company has diversified, particularly in the area of mobile telephony at present. Alongside Germany and several other European countries Mox operates successfully in USA, Canada, Australia, South Africa, the Middle East and South East Asia.
Please visit our websites www.mox.de and www.mox-ireland.ie for further informations

This release was published on openPR.