1&1 AG — Earnings Release 2002

Nov 11, 2002

News Details

Ad-hoc | 11 November 2002 08:29

Drillisch AG english

9-month report Drillisch AG, 11.11.02 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Third consecutive positive result after taxes; EBITDA increases five-fold; debt reduction concluded leaving cash assets of 2.8 million euros; annual net income increases on a sequential quarterly comparison Drillisch AG reports positive results for all operative figures for the first nine months (Q1-Q3) 2002. EBIT rose from -3.8 million euros (Q1-Q3 01) to +1.3 million euros for the first nine months 2002. During the same period EBITDA increased five-fold from 0.8 million euros (Q1-Q3 01) to 4.1 million euros. As a result of declining wholesale figures for mobile communication appliances, group sales declined by 16.8 % to 107.9 million euros, whereas the average revenue per user (ARPU) rose by some 14 % on average over the three quarters from January to September 2002. On a sequential quarterly comparison for the year 2002 Drillisch AG is also witnessing enormous earnings momentum. Earnings from ordinary business operations increased from 185,000 euros (Q1/02) and 327,000 euros (Q2/02) to 358,000 euros in Q3/02. The sequential increase in quarterly net income also continued in the 3rd quarter 2002, as demonstrated by the annual net income, which rose from 5,000 euros (Q1/02) and 93,000 euros (Q2/02) to 117,000 euros in Q3 – impressive proof on the part of Drillisch AG that the turnaround is continuing in Q3/02 and is therefore sustainable. As at 30.09.2002 the Drillisch Group successfully concluded its debt reduction programme. Compared with 31.12.01 bank loans and overdrafts amounting to 8.4 million euros were repaid in full as at 30.09.02. As at this reporting date, the Drillisch Group even holds cash assets of 2.8 million euros to be invested in the future in strengthening customer loyalty, acquiring new customers and marketing the IQ-work software. Given the sustainability of the earnings situation as a result of the improvements in efficiency, Drillisch AG is holding firm to its target for 2002. For the year as a whole, the company expects EBITDA to reach 5.7 million euros, following a loss of 4.3 million euros in EBITDA in 2001. end of ad-hoc-announcement (c)DGAP 11.11.2002 ——————————————————————————– WKN: 554550; ISIN: DE0005545503; Index: Listed: Neuer Markt in Frankfurt und im Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 110829 Nov 02