1&1 AG — Earnings Release 2003

Aug 12, 2003

News Details

Ad-hoc | 12 August 2003 07:32

Drillisch AG english

Drillisch AG: Group figures for the first six months 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– EBITDA grows by 31 percent to 3.6 million euros; EBIT doubles to 1.7 million euros; net earnings with 813 thousand euros more than 8 times higher (in a half- year on half-year comparison) In the first half of 2003 (H1/03), Drillisch AG is showing a positive development of results in all operative key figures. The EBITDA rose from 2.7 million euros (in H1/02) to 3.6 million euros (H1/03). Drillisch AG could increase the EBITDA by 31 percent in the half-year on half-year comparison. Group sales went down as a result of declining low-margin wholesale figures for mobile handsets to slightly under 56 million euros. The average revenue per user (ARPU) increased from January to June 2003 by just under 6 percent. The number of mobile customers remained constant at 570,000 compared with the first quarter 2003. The other operating figures also show a consistently high dynamism in earnings. The EBIT increased from 851 thousand euros (H1/02) by 97 percent to just under 1.7 million euros in the first six months 2003. After taxes and a positive financial result with no bank loans and overdrafts, the remaining annual net profit amounts to 813 thousand euros (H1/03) following 98 thousand euros in the same period last year. So the net profit is more than eight times the amount of the same period last year and thus 24,5 percent higher than for the total year 2002. The increase in profitability can also be seen in the balance sheet: With cash and cash items amounting to 5.2 million euros, the equity ratio in the period under review is 65 percent compared with 47 percent in the first six months 2002. Due to the positive development of earnings, the Board confirms its guidance of an EBITDA amounting to 7.9 million euros for the total year 2003 as already published at the end of May. end of ad-hoc-announcement (c)DGAP 12.08.2003 ——————————————————————————– WKN: 554550; ISIN: DE0005545503; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 120732 Aug 03