1&1 AG — Earnings Release 2004

Aug 11, 2004

News Details

Ad-hoc | 11 August 2004 10:17

Drillisch AG:EBITDA Increases a Big 163.2% to 10.0 Mio.EUR in First Half of 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Drillisch AG:EBITDA Increases a Big 163.2% to 10.0 Mio.EUR in First Half of 2004 EBIT improves to 6.2 million euros; Group revenues climb to 170.1 million euros; Number of mobile-communications subscribers grows to about 1.623 million; Cash and cash equivalents increase to 15.4 million euros; 2004 EBITDA and revenue guidance confirmed Drillisch AG is again pleased to report markedly improved earnings performance for the first half of 2004. The EBITDA rose during this first half of 2004 by 163.2 percent to 10.0 million euros from 3.8 million euros (H1/03). Group revenues increased significantly during the reporting period to 170.1 million from 55.9 million euros (H1/03), for an improvement of 204.3 percent. As at 30 June 2004 the EBIT gained 226.3 percent to reach 6.2 million euros from 1.9 million euros (H1/03). The number of wireless subscribers in the first six months of 2004 totaled about 1.623 million – while there were only some 570,000 subscribers during the prior year’s first half. This means that the Group has posted growth in mobile- communications subscribers of about 184.7 percent. The striking business achievements during the first half of 2004 are attributable primarily to the acquisition of VICTORVOX AG (November 2003) and a noteworthy upswing in sales output. One example is the way unit sales for the g~paid cash-card system improved. With some 1.114 million vouchers sold as of 30 June 2004, the company has already surpassed by 36.7 percent the total sales results for the entire 2003 fiscal year (ca. 815,000 units). The present business performance has allowed Drillisch AG to confirm its EBITDA guidance of approximately 22 million euros for fiscal year 2004, as well as its revenue projection of about 355 million euros for the full 2004 year. As at 30 June 2004, the Drillisch Group had increased its cash and cash equivalents to 15.4 million euros from the 5.2 million euros in the first half of 2003 (+196.2 percent). No bank loans had been taken out as at 30 June 2004. end of ad-hoc-announcement (c)DGAP 11.08.2004 ——————————————————————————– WKN: 554550; ISIN: DE0005545503; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 111017 Aug 04