1&1 AG — Earnings Release 2002

Mar 24, 2003

News Details

Ad-hoc | 24 March 2003 07:30

Drillisch AG english

Drillisch AG: Group figures for the financial year 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Drillisch AG: Group figures for the financial year 2002 At 6.6 million euros EBITDA continues to demonstrate a sequentially upward trend on a quarter-to-quarter 2002 comparison; net income for the year of 0.65 million euros following a net loss of 13.9 million euros in 2001 Drillisch AG today announces the finalised figures for the Group for the financial year 2002. According to these, the company achieved positive results on all operative figures in 2002. EBITDA rose from -4.3 million euros (2001) to +6.6 million euros in 2002. Despite difficult market conditions Drillisch AG was able to increase EBITDA on a quarter-to-quarter comparison. In the fourth quarter 2002 alone, the company generated EBITDA of 2.5 million euros, following 1.4 million euros in the third quarter 2002. Group revenue weakened by 16.5 percent to 144.5 million euros as a result of declining wholesale figures for mobile handsets. The average revenue per user (ARPU), on the other hand, increased by about 8 percent between January and December 2002. The group sales increased from 31.7 million euros (Q1/02) and 38.8 million euros (Q2/02) to 37.4 million euros (Q3/02) and 36.6 million euros in the fourth quarter 2002. Drillisch AG also demonstrated enormous earnings strength on a sequential quarter-to-quarter 2002 comparison. EBIT rose from 377,000 euros (Q1/02), 474,000 euros (Q2/02) and 401,000 euros (Q3/02) to 1.6 million euros in Q4/02, equivalent to 2.85 million euros in total for the year 2002. The sequential increase in quarterly net income also continued into the fourth quarter 2002, with annual net income increasing from 5,000 euros (Q1/02) and 93,000 euros (Q2/02) to 117,000 euros in the third and 438,000 euros in the fourth quarter 2002: Impressive proof on the part of Drillisch AG that the turnaround was sustained into the fourth quarter 2002. As such, annual net income for the year 2002 amounts to 0.65 million euros, following -13.9 million euros in 2001. As already reported, all bank loans and overdrafts existing as at 31.12.2001 in an amount of 8.4 million euros have been repaid in full. As at the balance sheet date 2002, the Drillisch Group even holds cash assets of 2.5 million euros. Total subscriber numbers amounted to 620,000 at the end of 2002. end of ad-hoc-announcement (c)DGAP 24.03.2003 ——————————————————————————– WKN: 554550; ISIN: DE0005545503; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 240730 Mär 03