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1&1 AG — Earnings Release 2013
May 10, 2013
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Earnings Release
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Corporate | 10 May 2013 06:18
Drillisch AG: a successful start to fiscal year 2013; * Service Revenues* increased by 4.1% to EUR71,6 million (Q1-2012: EUR68.8 million); EBITDA +9.5% to EUR16,2 million (Q1-2012: EUR14.8 million)
Drillisch AG / Key word(s): Quarter Results/Dividend
10.05.2013 / 06:18
Drillisch AG – Q1 marked a successful start to fiscal year 2013
– Service Revenues* increased by 4.1% to EUR71,6 million (Q1-2012: EUR68.8 million)
– EBITDA +9.5% to EUR16,2 million (Q1-2012: EUR14.8 million)
– MVNO-subscriber base +26.4% to 1.531 million (Q1-2012: 1.211 million)
– Consolidated profits increased by EUR119 million to EUR121.8 million (Q1-2012: EUR2.8 million)
– Earnings per share increased to EUR2.52 (Q1-2012: EUR0.05)
Maintal, 10 May 2013 – The Drillisch AG (ISIN DE 0005545503 has, after completing the transformation to an MVNO (mobile virtual network operator) last year, now opened a new chapter in the ongoing success story of the corporation.
During Q1 2013, the MVNO subscriber base continued to rise and reached the figure of 1.531 million subscribers (Q1 2012: 1.211 million) per 31 March 2013. This is an increase of 26.4% (320,000 subscribers) over the number at this time last year. The share of MVNO subscribers in the total customer base amounts to 82.7% (31/12/2012: 77.0%).
The Company was able to generate service revenues of EUR69.9 million (Q1 2012: EUR75.3 million) thanks to this qualitative improvement in the clientele and the growth in the MVNO subscriber base. If the effect of the prepaid accounts sold last year and the impact from the reduction of the termination rates (MTR) totalling EUR8.2 million are eliminated, there was an increase in service revenues by EUR2.8 million (4.1%) (Q1-2012: EUR68.8 million)
The EBITDA – our most important performance indicator rose by EUR1.4 million (9.5%) to EUR16.2 million (Q1 2012: EUR14.8 million). The EBITDA margin improved by 4.1 percentage points to 21.7% (Q1 2012: 17.6%).
Consolidated profits increased by EUR119 million to EUR121.8 million (Q1-2012: EUR2.8 million). Earnings per share improved by EUR2.48 to EUR2.53 per share (Q1-2012: EUR0.05)
Owing to the rise in cash to EUR89.4 million (31/12/2012: EUR77.3 million) and the credit line of EUR50 million which has not been utilized, we have adequate flexibility to continue active investments in our business and to promote further its positive development.
Outlook:
We have targeted a further increase in our MVNO clientele for 2013 and 2014 which will naturally lead to a continuation of the positive earnings development in operating business. We expect an EBITDA of between EUR67 million and EUR70 million for 2013 and between EUR77 million and EUR80 million for 2014. In line with our corporate policy that aims for sustainability, we strive for a dividend of at least the same amount for the fiscal years 2013 and 2014.
Final Q1-2013 report (IFRS)
| In EURm | Q1-2013 | Q1-2012 |
| Turnover | 74.7 | 84.2 |
| Turnover, adjusted * | 76.4 | 77.7 |
| Service Revenues | 69.9 | 75.3 |
| Service Revenues adjusted * | 71.6 | 68.8 |
| Other Revenues ** | 4.8 | 8.9 |
| Gross Profit | 26.6 | 27.7 |
| Gross margin in % | 35.5% | 32.9% |
| EBITDA | 16.2 | 14.8 |
| EBITDA- margin in % | 21.7% | 17.6% |
| EBIT | 13.7 | 14.0 |
| EBIT margin in % | 18.4% | 16.6% |
| EBT | 126.9 | 6.1 |
| EBT margin in % | 169.8% | 7.2% |
| Consolidated profits | 121.8 | 2.8 |
| Consolidated profits, excluding freenet | 9.8 | 9.9 |
| Earnings per share | 2.53 | 0.05 |
| Earnings per share excluding freenet | 0.20 | 0.19 |
| Q1-2013 | Q1-2012 | |
| Subscribers in million | 1.851 | 2.427 |
| Prepaid | 0.173 | 0.865 |
| Postpaid | 1.678 | 1.562 |
| therof MVNO subscribers | 1.531 | 1.211 |
*Turnover and Service Revenues adjusted for already sold prepaid sub and impact from the reduction of the termination rates
**Other revenues, includes sales of devices and other sales
The Q1-Report will be published under the following link
http://www.drillisch.de/index.php?page=reports&group=investor-e:reports
Maintal, 10. May 2013
Drillisch AG
The Management Board
Contact:
Oliver Keil
Head of Investor Relations
Mail: [email protected]
End of Corporate News
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| Language: | English |
| Company: | Drillisch AG |
| Wilhelm-Röntgen-Straße 1-5 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 (0)6181 412 200 |
| Fax: | +49 (0)6181 412 183 |
| E-mail: | [email protected] |
| Internet: | www.drillisch.de |
| ISIN: | DE0005545503 |
| WKN: | 554550 |
| Indices: | TecDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 210500 10.05.2013 |