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1&1 AG — Earnings Release 2008
Aug 13, 2008
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Earnings Release
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Ad-hoc | 13 August 2008 23:34
Drillisch AG raises net profit by 50.6% in H1-2008 to €11.3m and confirms guidance
Drillisch AG / Half Year Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Drillisch AG raises net profit by 50.6% in H1-2008 to €11.3m and
confirms guidance
Maintal, 13. August 2008
The mobile-communications service provider Drillisch (ISIN DE 0005545503)
continued its dynamic growth path in the first six months of the year and
reached in the traditional weaker part of the year more than 50% of the
EBITDA guidance
Net profit increased by 50.6% in H1-2008 and reached with €11.3 million a
record high in the history of the company.
The subscriber base rose by 45k to 2.3 million in the second quarter
compared with the first quarter 2008. On a semi-annual base, the group
increased its subscriber base by 205k or 10%.
Sales reached €89.2 million at the end of the second quarter, some €4.6
million more than at the end of Q1-2008. At the end of H1-2008, sales
reached €173.8 million (+2.3%) compared with the €169.9 million at the end
of H1-2007.
Gross profit jumped at the end of the second quarter some 10% or €1.7
million to €19.3 million compared with €17.6 million at the end of the
first quarter. On a semi-annual comparison, gross profit increased by 4.2%
or €1.5 million to €36.9 million from €35.4 million.
The adjusted EBITDA reached after the first six months of the business year
€20.3 million (+19.8%) compared with the €17 million at the end of H1-2007.
Compared with Q1-2008, the EBITDA reached €10.8 million (+13.7%) an
increase of €1.3 million. The EBITDA-Margin of almost 12% exceeds after the
first six months of the business year the magnitude of FY2007.
At the end of H1-2008, EBIT increased by 9.3% and reached €16.7 million
compared with €15.3 million at the end of H1-2007. In the second quarter of
the business year 2008, EBIT reached €9.7 million.
Cash Flow from current business operations reached €19.8 million at the end
of the second quarter compared with €8 million at the end of the first
quarter 2008. This is an increase of 147.5%. Compared with the first six
months of 2007 this is an increase of 104% or €10.1 million.
Aside of the old core business, our 'Mobile Internet' line is developing
reasonable well. The Drillisch AG has positioned itself at an early stage
in this future growth segment.
The Drillisch AG therewith states that an efficient corporate structure
leads to uninterrupted profit growth. Based on current planning, the
Management Board expects an EBITDA of about €40 million in fiscal year 2008
and a subscriber base of about 2.35 million as of the end of the year.
The Drillisch Group at a glance (final figures)
In million Euro 30.06.2008 30.06.2007
Sales 173.8 169.9
EBITDA 20.0 17.0
EBITDA-Margin in % 11.5% 10.0%
EBITDA (adjusted) 20.3 17.0
EBITDA-Margin (adj.) in % 11.7% 10.0%
EBIT 16.7 15.3
EBIT-Margin 9.6% 9.0%
EBT 16.3 12.4
EBT-Margin 9.4% 7.3%
Consolidated Profit 11.3 7.5
Earnings per share 0.22 0.21
Subscribers (in million) 2.281 2.076
The complete report is available for download in the course of the morning
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports
Maintal, 13. August 2008
Drillisch AG
Executive Board
Contact:
Oliver Keil
Head of Investor Relations
Mail: [email protected]
13.08.2008 Financial News transmitted by DGAP
Language: English
Issuer: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Deutschland
Phone: +49 (0)6181 412 200
Fax: +49 (0)6181 412 183
E-mail: [email protected]
Internet: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service